Customers at a Mahindra dealership. (Photographer : Nishant Sharma/BloombergQuint)
The festival season is crucial for businesses in India. Yet, Vipin Pachauri isn’t sure he’ll be able to sell his inventory of automobiles this time around.“Festive sales are going to be a big driver in the market, and there’s a slight positive sentiment, but we don’t know yet if it’s pent-up demand,” Pachauri, 70, an auto dealer in Delhi-National Capital Region, said. He has an inventory of a month and a half. That’s a challenge amid...