India's car sales to dealers likely to extend fall in October, analysts say
** Car sales to dealers may have fallen for a fourth consecutive month in Oct, analysts say
** Nomura expects overall industry's domestic sales to drop 2%, Anand Rathi estimates a ~1% drop, while Motilal Oswal says dispatches to dealers largely unchanged
** Nomura and Jefferies say vehicle registrations, a proxy for retail sales, is flat in first 25-26 days of festive period that began on Oct. 3
** Motilal believes sales in month-long festive season likely to fall as inventories high; Diwali festival sales "a critical period to gauge inventory clearance"
** It expects market leader Maruti Suzuki's MRTI.NS Oct sales to dealers fell 3%-7%
** Nomura expects Mahindra & Mahindra MAHM.NS to post SUV sales growth of ~12% on strong demand for new 5-door version of 'Thar' SUV and compact SUV 'XUV 3X0'
** Tata Motors TAMO.NS to domestic sales drop between 3%-9%
** Demand revival for cars not yet in sight - Nomura
** Auto stocks .NIFTYAUTO slide ~13% in Oct, their worst monthly fall since March 2020
Reporting by Nandan Mandayam in Bengaluru
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