Festive Season: Industry Seeks Festive Schemes as October Car Sales Dip

2023 • 5min • News • Business


Published On: November 08, 2023 - The sales of passenger vehicles' (PVs) witnessed a 1.4% decline in October. As a result, dealers have raised concerns to original equipment manufacturers. They have pointed out that the inventory of PVs has reached an unprecedented level, with a supply that could last for 63-66 days. In the meantime, Federation of Automobile Dealers Associations (FADA) has urged the central government to come up with attractive, festive schemes to prop up sales. Join News9's Shweta Kothari and Manish Ray Singhania, President, FADA, for more on this story.