In some of the geographies, the inventory level rose to as high as 100 days, the retailers claim. Sales were muted even during Diwali season, making it the worst of sales season in the past several years. Its current inventory level is around 45-50 days, which the company is striving to bring down further by 5-10 days, the company executives claim. Most of the inventory pile-up across the industry happened because of a relatively poor festive season and not in just Q4, he said. Domestic sales rose 3% YoY to 2,49,000 units while exports rose 13% YoY growth at 70,000 units.

Source: dna May 05, 2019 23:37 UTC