unsold vehicle stockpile

Car Sale Slumps in Festive Season; Rs79,000 Cr Inventory Pile Up

Car sales in India have seen a sharp downturn this Diwali season, leading to a significant inventory buildup valued at around Rs 79,000 crore ($9.5 billion). Dealers are currently holding 7.9 lakh unsold vehicles, equating to an 80-85 day stockpile, the highest in recent years, according to the Federation of...