Due to waning pent-up demand and lack of interest shown by new consumers, dealer showrooms are filled with inventory of unsold vehicles despite steep discounts and promotional schemes.
"PV wholesale volumes grew 3% in Q1FY25 on a YoY basis, but retail volumes fell 7% amid factors like heat conditions, implementation of model code of conduct and the General elections impacting retail footfalls. While the underlying demand drivers remain supportive, ICRA expects domestic PV sales volume growth to fall to 3-6% in FY25 on waning replacement demand and effects of a high base," said Srikumar Krishnamurthy, senior VP & co-Group head corporate ratings, ICRA.
هذه القصة مأخوذة من طبعة August 25, 2024 من The New Indian Express.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
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هذه القصة مأخوذة من طبعة August 25, 2024 من The New Indian Express.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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