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Auto Sales In September 2020 Point To Inventory Build-Up Before Festive Season
Vehicle registrations rose 14.5% month-on-month but fell 9.8% over the year-ago period to 13.51 lakh units in September 2020.
08 Oct 2020, 01:47 PM IST
Inventory built up at dealerships in September even as retail auto sales rose for the fourth straight month on improving demand amid easing stay-at-home restrictions.Factory-gate shipments of cars, two-wheelers, commercial vehicles and tractors were higher than retail sales last month as automakers pushed stocks anticipating higher demand ahead of the festive season. That led to an inventory build-up at dealerships. The trend was cor...
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