Dealer despatches will probably be a good signal of economic turnaround or further deterioration, says Devangshu Datta. There was a good harvest in 2016, after two poor years. The Seventh Pay Commission also came through with a bonanza. Diwali saw fair bonuses across most sectors. The marriage season was coming up. Automobile dealers stocked inventory, anticipating high demand. The post-demonetisation crunch has been painful. The two-wheeler segment has seen a six per cent fall year-on-year ... Rediff.com, 2 months ago
The auto sector, which is seen to have revived this year with about 15 per cent growth in the first seven months of this year, may suffer a severe jolt from the demonetisation decision, potentially crippling the industry to negative territory. Domestic sales ...The Financial Chronicle, 2 months ago
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