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August Auto Retail Sales: Dealers To Enter Festive Period With Lowest Seasonal Inventory
Vehicle registrations declined 11% over the preceding month to 13.91 lakh units in August.
08 Sep 2021, 07:51 AM IST
Retail auto sales fell in August as a global chip shortage and other supply-side constraints hurt production, forcing dealers to enter the festival period with the lowest seasonal inventory even as demand is expected to pick up on preference for personal mobility amid the Covid-19 pandemic.Vehicle registrations — a measure of sales at dealerships — declined 11% over the preceding month to 13.91 lakh units in August, according to data...
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