 "Car Sales Plummet as Dealer Stock Soars Amidst Dwindling Demand Crisis")
Car Sales Plummet as Dealer Stock Soars Amidst Dwindling Demand Crisis
In August 2024, domestic passenger vehicle sales in India fell by 2-3% year-on-year, totaling about 355,000 units. This decline is attributed to sluggish demand and high unsold inventory, with dealers holding around 730,000 cars, enough to last over two months. Maruti Suzuki, the leading carmaker, cut its dealer dispatches by around 13,000 units, leading to ...
