Back to Career News

Condition of Automobile Sector Dire, Businesses Wary: FADA

July 18, 2019

Condition of Automobile Sector Dire, Businesses Wary: FADA

According to the president of the Federation of Automobile Dealers Associations (FADA), Ashish Harsharaj Kale, the present situation of the automobile sector is far from good. He said that all the businesses in the sector have become cautious.

Harsharaj said that the sales of commercial vehicles dropped by 22% last month compared to the previous month, adding that two-wheeler inventory has also increased and created a problem for the dealers.

Harsharaj said that a small improvement in demand for passenger vehicles is observed and it’s good that regulation is followed for wholesale supply dealers.

Image Source

Recommended for you ...

Axis Bank and Mastercard Launch Premium Credit Card for Small Business Owners
Axis Bank and Mastercard Launch Premium Credit Card for Small Business Owners

September 26, 2024

Banks Report Over 15% Growth in New Credit Card Additions: RBI Data
Banks Report Over 15% Growth in New Credit Card Additions: RBI Data

September 26, 2024

National Company Law Tribunal (NCLT) Approves Merger of IDFC and IDFC First Bank
National Company Law Tribunal (NCLT) Approves Merger of IDFC and IDFC First Bank

September 25, 2024

Chat on WhatsApp