![Car sales shoot up despite rise in petrol prices](https://images.assettype.com/fortuneindia%2F2021-03%2F96660242-bcee-41ec-8643-2a496e5f82f7%2FMaruti_Manesar_IMG_9149_copy.jpg?rect=0,0,2700,1350&w=300&q=95)
Car sales shoot up despite rise in petrol prices
Auto retail sales in February are showing signs of recovery with automakers reporting rise in sales, although petrol prices have crossed ₹100 per litre. Reason: the shift towards personal mobility.
Auto retail sales in February are showing signs of recovery with automakers reporting rise in sales, although petrol prices have crossed ₹100 per litre. Reason: the shift towards personal mobility.
A cut in personal tax rates to spur consumption could lift shares of auto, consumer durables, and FMCG companies.