High dispatches, low retail sales may up passenger vehicle inventory

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The story "High dispatches, low retail sales may up passenger vehicle inventory" was covered 17 hours ago by Business Standard, a news publisher based in India.

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High dispatches, low retail sales may up passenger vehicle inventory - Business Standard

Quick Summary:

Rajesh Menon, director general, SIAM, said on Friday that the demand momentum seen in October during the festival period has continued in November for the industry as a whole.

However, there was a degrowth of 1.1 per cent compared to November of the previous year for two-wheelers.

Federation of Automobile Dealers Associations (Fada) noted earlier this week that weak market sentiment, limited launches and the early festival push in October dampened November’s performance.“Despite inventory correction (down by around 10 days), stock levels continue to remain high at 65–68 days.