India's automobile retails grew 13.8% annually in July, driven by double-digit growth in most segments except tractors. Despite a 14% rise in passenger vehicle sales due to new launches, inventory levels hit a historic high, posing risks to dealers. FADA urges OEMs and financial institutions to exercise caution amid economic uncertainties.
from Auto-Industry-Economic Times https://ift.tt/5bhKX8k
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