As per the ‘Global State of the Consumer Tracker’ by Deloitte, Indian consumers are willing to spend on both travel and hotel stays, and also have the intention to buy either a new or used vehicle within the next six months. In a statement, Deloitte said the findings indicate that consumers plan to increase their discretionary spend by 30 per cent on items such as recreation and entertainment, restaurants, and leisure travel in August 2022, compared with April 2022.
Eicher Motors shares fall over 4%, Maruti Suzuki 3%. Here’s why
The Nifty auto index was one of the worst performing sectors and fell 0.87% and was trading at 16,042.85. In the 15 stock index only
October 3, 2023