Business

Automakers see surge in vehicle purchases on Dhanteras

October 18, 2025

New Delhi, Oct 18

Automakers saw a surge in vehicle purchases on Saturday as people celebrated Dhanteras with full vigour ahead of Diwali.

HMIL this week announced the appointment of Garg as its new MD and CEO, effective January 1, 2026. Garg will be the first Indian to lead Hyundai Motor India since the company began operations in 1996.

Gold and silver alone accounted for more than Rs 60,000 crore in sales, while Delhi markets registered transactions exceeding Rs 10,000 crore as demand for indigenous products surged.

Last Diwali, gold prices were around Rs 80,000 per 10 grams, while this year they surged to over Rs 1,30,000 -- an increase of nearly 60 per cent. Silver prices also rose sharply from Rs 98,000 per kilogram in 2024 to more than Rs 1,80,000, an increase of about 55 per cent.

 

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