Earlier this month, the apex body for auto retail, the Federation of Automobile Dealers Associations had asked carmakers to reduce vehicle dispatches and launch attractive schemes to clear out the all-time high inventory in the channel.
The auto retail body said that this is crucial to avoid the potential financial repercussions of excess unsold stock before year-end.
“The vehicle dispatches by automakers to dealerships need to fall to around 3.25 lakh units in November for the…
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