'People usually like to buy high-end models, but remember that your car should bring happiness and relief, not additional financial burdens,' said a financial consultant.
According to a top company official, luxury cars, are one of those items which people would love to reward themselves with after the crisis is over.
Two-wheeler sales also rose 11.64 per cent to 18,49,546 units, compared with 16,56,658 units in the same month last year.
The company said that the recovery is led by the new SUVs and going ahead, it expects demand to improve further.
Deepavali season used to be abuzz with activities of silk saree production. But this time, there is no sign of any enthusiasm among most of the producers and traders.
The eight cities include Mumbai, Delhi NCR, Kolkata, Chennai, Bengaluru, Hyderabad, Pune and Ahmadabad.
According to the report, housing sales stood at 33,403 units during July-September of this calendar year, which is 3.5 times higher than 9,632 units recorded in the previous quarter.
Shashiv Chandran, Founder and Managing Director of Utsav, a handloom brand has also come up with an exclusive website.
Despite the pandemic-induced crissi in the auto industry, the company is expecting to deliver 5,00,000 vehicles in 2020, or a 36 per cent increase over 2019.
With easing of lockdown norms, the sale of automobiles that nose-dived in national capital amid the coronavirus pandemic is slowly picking up.
MSIL’s hatchback sales grew 44.3 per cent year-on-year with more people opting for personal mobility due to the pandemic.
Hero MotoCorp reported 16.9 per cent increase in sales last month at 7,15,718 units as compared to the same period of last year.
The automaker said that the company's first product for India, the Seltos, also continued its strong performance with 9,079 unit sales last month.
Diesel sales continue to be in the negative territory, with demand falling 7 per cent year-on-year though the demand was 22 per cent higher over August 2020.
During the January-September period this year sales have declined by 57 per cent to 87,460 units, from 2,02,200 units a year ago.