People purchased vehicles on the auspicious occasion of Laxmi Pujan on Sunday
Nashik : Drought conditions and deficient rainfall appear to have affected Nashik’s automobile market this festive season, with passenger car and two-wheeler sales declining by around 15% and 17%, respectively, on Laxmi Pujan compared with the same occasion last year. Around 600 passenger cars worth Rs 60 crore were sold in Nashik city on Laxmi Pujan this year, compared with around 700 cars worth Rs 70 crore on the same festive occasion last year. Around 2,200 two-wheelers worth Rs 22 crore were sold on Sunday, against around 2,600 units worth Rs 26 crore on Laxmi Pujan last year. Around 110 flats worth Rs 100 crore were booked in Nashik on Sunday, compared with around 100 flats on Laxmi Pujan last year, CREDAI Nashik president Gaurav Thakkar said.
Because the city had adequate residential inventory, “ No new projects were launched. You Can Also Check: Gold Rate in Nashik | Silver Rate in Nashik | Bank Holidays in Nashik | Public Holidays in Nashik | Petrol Price in Nashik | Diesel Price in Nashik | CNG Price in Nashik | LPG Price in Nashik Stay updated with the latest Nashik news.
According to Federation of Automobile Dealers Associations (FADA) Maharashtra president Sachin Mahajan, drought conditions in Nashik district and other parts of Maharashtra have dampened buyer sentiment and affected vehicle sales during the festive season. The two-wheeler segment witnessed a sharper decline. Buyers largely preferred ready-possession homes and luxury flats, while affordable housing bookings were comparatively lower,” he added. The sound of firecrackers reverberated across several parts of the city, while houses, offices and shops were illuminated with lanterns and decorative lights. Apart from purchases of cars, two-wheelers and household goods, markets witnessed brisk business in clothes, puja articles and marigold flowers as residents made last-minute purchases. Download the TOI App.
Laxmi Pujan, celebrated on Sunday, is considered an auspicious day for purchasing vehicles as well as booking homes, shops and offices. Meanwhile, Diwali was celebrated with enthusiasm across Nashik on Sunday as residents performed Laxmi Pujan. Major markets, which had already been witnessing heavy crowds over the past few days, saw an even greater rush on Sunday, leaving little space for motorists in several busy stretches.
the city’s real estate sector bucked the trend, recording a marginal increase of around 5-7% in flat bookings on Laxmi Pujan While vehicle sales declined. Automobile dealers, however, are hopeful that sales will pick up during the remaining festive days.