A record six lakh-plus cars were registered in India during the recently concluded festive season, against the backdrop of slowing sales in the world’s third largest automotive industry.
Unsold Stock
The surge in festive-period sales may have reduced from inventory levels reported as on Oct. 31—7.5 lakh cars worth Rs 75,000 crore or 75-80 days of unsold stock—but FADA is still cautious, waiting for the full picture to emerge by the end of November.
“With 1.5 months remaining before the calendar year ends, FADA urges OEMs to focus on liquidating 2024 stock, so that dealers can enter 2025 with ideal, FADA-recommended 21 days of inventory,” Vigneshwar said.
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