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Auto Inventory Jumps Sevenfold In August As Two-Wheeler Makers Seek To Boost Festive Sales
Two-wheeler makers push stocks to dealers in August, increasing inventory.
11 Sep 2019, 09:24 AM IST
Inventory levels at dealerships rose nearly sevenfold in August as two-wheeler makers pushed stocks to showrooms ahead of the festive season as the automobile sector looks to overcome its worst slowdown in 22 years.The automobile industry’s net inventory rose to 2.21 lakh units in the month compared with 37,507 in July.Inventory levels are calculated based on the difference of wholesale numbers released by Society for Indian Automobi...
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