Vehicles wait in line to be refueled with compressed natural gas (CNG) at an Indraprastha Gas Ltd. gas station in New Delhi, India, on Wednesday, May 17, 2017. Indraprastha, the sole city gas distributor in India’s capital city, is looking to buy out its partners in two joint ventures as it seeks to expand beyond New Delhi and its suburbs. Photographer: Prashanth Vishwanathan/Bloomberg
Automobile inventory levels will pick-up ahead of the festive season after seeing a decline due to destocking ahead of the Goods and Services Tax rollout, Nikunj Sanghi, chairman of Federation Of Automobile Dealers Associations told BloombergQuint.
There is “excitement in the market” and current inventory levels will last anywhere between 6 to 10 weeks, he said at the SIAM Conference in New Delhi.
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