Passenger vehicle sales plunge 19% in September
FADA says dealers have historically high inventory levels of 80-85 days—equivalent to 7.9 lakh vehicles worth ₹79,000 crore.
FADA says dealers have historically high inventory levels of 80-85 days—equivalent to 7.9 lakh vehicles worth ₹79,000 crore.
M&M sold just 39 fewer cars than the country's second-largest carmaker Hyundai Motor India in September.
Inventory has reached alarming levels with stock stretching to 70-75 days and inventory totalling 7.8 lakh vehicles, valued at ₹77,800 crore.
Hero MotoCorp says monthly sales were marginally impacted by supply shortages
The passenger vehicle industry is estimated to have clocked wholesales of 350,000-355,000 units in August
This poses a substantial risk for dealer sustainability, warns FADA.
Passenger vehicle sales India's largest carmaker declined 9.6% year-on-year to 137,463 units in July 2024.
Tata Motors and Hyundai Motor India, the country's second-largest carmaker, saw a decline in total sales in June 2024.
Maruti Suzuki India Ltd's domestic passenger vehicle wholesales came in flat at 1.44 lakh units in May 2024 as against 1.43 lakh units in the same month last year.
The two-wheeler segment saw notable growth due to improved supply and the increasing demand for 125cc models, says FADA.