PASSENGER VEHICLE (PV) despatches from companies to their dealers grew 4% year-on-year (y-o-y) in November even as retail volumes during the same month declined by 14%.
Industry body the Society of Indian Automobile Manufacturers (SIAM) said that total domestic volumes during the reporting month stood at 347,522 units, which was the best-ever for November.
The average inventory days for the PV segment came down to 65-68 days at the start of this month from 85-90 days, as per dealers, but they added that the stock was still high for December as dealers struggle to bring down the inventory since buyers typically push their purchase to the new year.
This story is from the December 14, 2024 edition of Financial Express Bengaluru.
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This story is from the December 14, 2024 edition of Financial Express Bengaluru.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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