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.
Bu hikaye The New Indian Express dergisinin August 25, 2024 sayısından alınmıştır.
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Bu hikaye The New Indian Express dergisinin August 25, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
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