The first big thing of 2023 in India would be the automakers’ December monthly sales announcement which will begin on January 1st. Generally, auto companies announce their monthly sales figures between the 1st to 3rd of every month. Emkay Global Financial Services channel checks indicate a higher year-on-year volume in December for auto firms, however, is expected to be lower on a month-on-month basis due to production constraints. Wedding season and favourable base likely influence December sales performance.
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