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India's car sales continued to decline in July (FADA announced)

The Federation of Automobile Dealers Associations (FADA) announced the monthly car registration in July 2019 on August 19.Motorcycle sales fell 5.0% year-on-year to 1,332,384 units, tricycles increased 2.9% year-on-year to 55,850 units, commercial vehicles fell 13.8% year-on-year to 23,118 units, and passenger cars fell 11.5% year-on-year to 243,183 units.In July 2019, the average inventory of passenger cars was 25-30 days, motorcycles were 60-65 days, and commercial vehicles were 55-60 days.Passenger car inventory is close to the 21-day target set by FADA, while commercial vehicles continue to remain high, while motorcycles have remained slightly high, but they remain high.Excess inventory has become a serious problem for dealers.The desire for consumption has been reduced to a minimum due to the delay in the rainy season in June.Although it was compensated for by the precipitation in July, the sluggish desire for consumption still caused slow sales.

<August 20, 2019>

2019/08/27 10:18
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