Condition of Automobile Sector Dire, Businesses Wary: FADA
July 18, 2019
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.