The first month of the new fiscal recorded a 17% decline in passenger vehicle sales, the lowest in nearly eight years. Vehicle sales across categories registered a decline of 15.93% to 20,01,096 units from 23,80,294 units in April 2018. However, retail sales were better than wholesales in April, Mathur said. Two-wheeler retail sales declined 9% to 1.28 million units during April. FADA said there should be an ideal dealer inventory of 21 days (15 days inventory + seven days of in-transit inventory), which will help in reducing a huge cost burden and remain afloat in such challenging times.

Source: dna May 13, 2019 23:26 UTC