Indian auto dealers warn high inventories threaten demand
Indian auto dealers warn that high vehicle inventories and rising financing costs could weigh on demand after the festive season. October retail sales declined due to a delayed festive calendar. Dealers also noted pockets of rural stress and higher loan repayments impacting affordability.
Insights:
India auto dealers warned on Friday that elevated vehicle inventories and rising financing costs could weigh on demand after the festive season. Passenger vehicle inventory remained at 43 to 45 days, well above the recommended 21-day level.
