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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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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Overall the Indian Auto Retail sector achieved a 2.61 per cent YoY growth in May 2024
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