ADVERTISEMENT
BQ Survey | Auto Gloom Continues In May
Automakers have either reduced or completely rolled back deep discounts offered at the start of the year to reduce inventory.
25 Jun 2019, 11:05 PM IST
Auto sales declined again in May, according to BloombergQuint's survey of dealers and analysts, suggesting consumption and discretionary spending is yet to pick up.While inventory levels have come down, that’s largely because of production cuts by automakers, the survey of seven dealerships across India revealed. Retail demand is yet to pick up, they said.Sales have been falling since the Diwali festival season as higher upfront insu...
I’m already a Subscriber Sign In
To continue reading this story
Subscribe to unlock & enjoy all Members-only benefits
Choose a plan
Renews automatically. Cancel anytime.
As a Subscriber you get
Access to
Stories
Curated
Newsletters
20,000+
Research Reports
Priority Pass
to Special Events
Ad-Lite
Experience
Members-Only
Rewards
NDTV Profit
Exclusive Stories
Full Access to
NDTV Profit App
Access to
Stories
20,000+
Research Reports
Ad-Lite
Experience
NDTV Profit
Exclusive Stories
Curated
Newsletters
Priority Pass
to Special Events
Members-Only
Rewards
Full Access to
NDTV Profit App
Still Not convinced ? Know More
Get live Stock market updates, Business news, Today’s latest news, Trending stories, and Videos on NDTV Profit.
ADVERTISEMENT