CosmicTaco

Passenger Vehicle Dealers Face Inventory Crisis Worth Rs 73,000 Crore: FADA

CosmicTaco · 2024-08-21T18:08:52.086387+05:30

- Passenger vehicle sales have slumped, leading to an unprecedented inventory of over 700,000 units worth Rs 73,000 crore at dealerships nationwide, says FADA. - The stockpile has increased from 65-67 days in early July to 70-75 days, raising concerns about dealer sustainability. - FADA President Manish Raj Singhania urges PV OEMs to realign production around retail figures and reduce vehicle supplies to dealers. - Despite a 10% rise in passenger vehicle sales in July, PV wholesales saw a year-on-year decline of 2.5% due to the high base effect from the previous year. Source: [Business Standard](https://www.business-standard.com/industry/auto/passenger-vehicle-dealers-struggle-with-inventory-worth-rs-73-000-cr-fada-124082100636_1.html)

Passenger vehicle sales have slumped, leading to an unprecedented inventory of over 700,000 units worth Rs 73,000 crore at dealerships nationwide, says FADA.
The stockpile has increased from 65-67 days in early July to 70-75 days, raising concerns about dealer sustainability.
FADA President Manish Raj Singhania urges PV OEMs to realign production around retail figures and reduce vehicle supplies to dealers.
Despite a 10% rise in passenger vehicle sales in July, PV wholesales saw a year-on-year decline of 2.5% due to the high base effect from the previous year.

Source: Business Standard