New Delhi: Automobile retail sales Across Categories, Including Passenger Vehicles and Two-WHEELERS, Witnessed a Drop of 7% in February, Amid Declining Demand, Dealers' Body Fada Fada Overall, retail sales in the domestic market study at 18.9 Lakh Units Last Month Compared to 20.5 Lakh Units in the Year-Ago Period.
“Feb Witnessed A Broad-Based Downturn Across All Categories,” Fada President CS Vigneshwar Said. DURING The Month, Dealers Began Expressing Concerns about Inventory Being Pushed to Them without their Consent. “Wholes Initiatives May Serve Broader Business Objectives, It is Critical to Align Wholesale Allocations with Genuine Demand to Protect Dealer Viability and ENSURER HeALTHY HeALTHY HeALTHY HeALTHY MANAGEMENGEMENGEMENGEMENGEMENGEMENTORE Said.
Passenger vehicle retail sales declined 10% year-on-yar to 3 lakh units in Feb. “Dealers noted weak market sentiment, which specially continues in the entry-level category, delayed conversions, challenging targets and stressed that Oms Should Evoiding Daalers Wholers White Excessive Inventory – A Practice that Risks Unmanageable Stock Levels Given The Cyclic Nature of the Industry, “Vigneshwar said. Inventory levels in this segment remained in the range of 50-52 days, He Said.
Two-WHEELER SAILES WITNESSED A Drop of 6% Year-On-Year in Feb at 13.5 Lakh Units as Compared to 14.4 Lakh Units Sold in Feb Last Year. Deaalers attributed this to inventory Imbalances, Aggressive Pricing Adjustments, Weak Consumer Sentiments, Lower Enquari Volumes and Limited Finance Availability, Vigneshwar noted.
(Tagstotranslate) Business News (T) TWO-WHEELER SALES Statistics (T) Passenger vehicle sales decline
Leave a Reply