Auto Retail Sales Down in September, OEMs Urged to Address Surplus Inventory Ahead of Festive Season: FADA (Federation of Automobile Dealers Associations)
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In the automotive industry, the design process working in tandem with the brand identity ensures assigning a distinctive personality to the entire product portfolio, which instantly helps in associating each vehicle with a certain trait that resonates with customers
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Even with the arrival of the festive season, the market remains under significant strain. Inventory levels have reached alarming levels, with stock days now stretching to 70-75 days and inventory totalling 7.8 lakh vehicles, valued at an alarming Rs.77,800 crore
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This year’s focus in India has particularly spotlighted the automotive industry, a sector that significantly contributes to pollution but also holds immense potential for positive environmental change
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