All eyes are on the auto sales for October, given the festive sales during Dussehra, Dhanteras, and Diwali. Jefferies said strong festive demand was set to deliver solid October wholesale numbers across most large OEMs. In its India Autos: October Volume Estimates report dated October 27, the brokerage said passenger vehicle and two-wheeler registrations have risen 20- 23 % year-on-year (YoY) during the first 32 days of the festive season. This trend, it said, was expected to translate into double-digit growth for most manufacturers once October dispatch figures were announced.

This strength, Jefferies said, was expected to support wholesale volumes in October across most listed OEMs. Medium and heavy commercial vehicles, however, continued to show weakness, keeping overall CV growth subd

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