Category: Automobile Industry

Passenger vehicle inventory levels have surged to an unprecedented high of 63-66 days, even during the festive season sales, leading auto dealers to sound a warning. The Federation of Automobile Dealers Associations (FADA), the apex body for auto retail, has called on carmakers to reduce vehicle dispatches and introduce more attractive schemes to address the alarming inventory levels. Elevating Vehicle Market Trends and Projections for the Immediate Future In a recent statement, FADA emphasized the need for a dual approach to mitigate potential financial repercussions due to excessive unsold stock. This...