Automobile Dealers to Record Fastest Revenue Growth in Three Fiscals: Report
Automobile dealers are set to clock their fastest revenue growth in three fiscals with sales accelerating 20-25 percent year-on-year on the back of 12-14 percent volume growth, a report said on Wednesday. This will be aided by increasing preference for personal mobility, higher economic activity, easing supply-side constraints, shift in product mix towards higher priced vehicles, and price hikes of 5-7 percent, Crisil Ratings said in its report.
According to the report, higher vehicle sales and greater contribution of the…