🧵 1. Dealers raise alarm over high stock levels in the automobile industry, with inventory reaching 70-75 days and valued at Rs 77,800 crore. #business
🧵 1. Dealers raise alarm over high stock levels in the automobile industry, with inventory reaching 70-75 days and valued at Rs 77,800 crore. #business
🧵 2. FADA urges manufacturers to calibrate dispatches to curb stock overflow but claims requests are being ignored. Manufacturers say inventory levels are not as high as depicted by FADA.
🧵 3. Industry exec refutes FADA's claims, stating the max inventory is around 415,000-420,000 units valued at Rs 51,000 crore with an average vehicle price of Rs 12-13 lakh.
🧵 4. Maruti Suzuki reduces stock days to 36 from 38 in July, plans no further corrections as festive season approaches. Other manufacturers claim to maintain a month's inventory.
🧵 5. Hyundai Motor India reportedly has dealer inventory of less than a month. Disagreement persists between FADA and manufacturers over actual stock levels.
🧵 Read more at: https://www.financialexpress.com/business/express-mobility-dealers-sound-fresh-alarm-on-high-stock-manufacturers-dispute-claim-3602871/