Passenger vehicle inventory pile-ups with automobile dealers across the country have led to their declining fresh dispatches from Original Equipment Manufacturers (OEM), industry officials said. In February, the passenger vehicle inventory held by dealers was in the range of 50-52 days. The Federation of Automobile Dealers’ Association (FADA) has urged OEMs to align their production
With weak passenger vehicles retail demand in February, Original Equipment Manufacturers (OEM) are expected to increase discounts on their product offerings starting in March. On top of the discounts automobile dealers will likely offer additional benefits to the consumers to clear passenger vehicle inventory, that has been piling up at their end. “We started to
Carmakers and their dealers are battling each other over inventory levels amid slowing demand. The Federation of Automobile Dealers Associations (FADA) says their members are carrying stock equivalent to over two months of sales, that is, 730,000 units. Carmakers argue it’s about half that — 400,000-410,000 units. FADA has written to the Society of Indian