Off the road, there's a Rs 52,000-crore pileup while car sales hit the brakes

Indian car dealerships face a record unsold inventory of Rs 51,000-52,000 crore due to manufacturers pushing vehicles despite sluggish retail demand. While inventory volume is slightly below last year's peak, its value is at an all-time high. Dealers are concerned about rising working capital stress as retail sales lag behind wholesale dispatches, with cars stuck in yards for extended periods.

from Auto-Industry-Economic Times https://ift.tt/SXbi8fM