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Naina Mishra
Tribune News Service
Chandigarh, November 5
The reality was such that buyers invaded the markets during the Dhanteras today. There has been a substantial increase in sales of four- and two-wheeled vehicles. However, gold jewelry and utensils did not attract the expected crowd.
Jewelry sales plunge by 50%
Jewelers said their sales had dropped 50% over last year. The money was bought more than gold because of inflation.
Vinod Talwar, owner of Krishna Jewelers, area 19-C, and president of the Jewelers Association, Chandigarh, said, "This year, the sale has recorded a 50% drop from last year. The sharp decline in sales can be attributed to demonetization due to the reduction in the purchasing capacity of customers. Attendance at jewelery shops was minimal. "
Talwar said, "The price of gold has gone up by at least 10%, which has had the effect of reducing the number of buyers of this yellow metal this year. However, money attracted buyers. "
Rajiv Sahdev, president of the Chandigarh Jewelers Association, said: "Due to a collapse of the market, sales have dropped 50%."
Buyers rush into the showrooms [19659002] Car dealers today recorded a substantial sale with little or no difference from the previous year. Sources at NDM Bajaj, Industrial Zone, Phase I, said sales had increased 10-fold over other days. "We have already sold 40 Bajaj motorcycles and this figure is expected to reach 100 by the end of the day. Up to 29 motorcycles were already booked in advance. Dhanteras is the perfect opportunity for people to buy badets. There is also a draw until November 15, which is why more and more people are going there. Even a day before Dhanteras, there was a huge influx of customers since we sold more than 30 bikes. "
Autopace Network Pvt Ltd. in
Sanjeev Saini, Sales Manager at Berkeley Hyundai, Panchkula, said:" There has been a sale of about 60 cars today. have preferred Creta, i20 and Santro to other models.Last year, the sale was pretty much the same thing. "
The sale of a utensil takes a hit
Naresh Garg, Advisor, Chandigarh Crockery and Bartan Associations, said: "Due to online shopping options, sales of crockery and utensils have halved compared to last year . "
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