While dealers express high satisfaction with product reliability, concerns persist regarding deadstock and inventory buyback policies, as well as the extent of dealer involvement in policy-making decisions with OEMs
When compared with July’19, a pre-covid month, total vehicle retails fell by -20 per cent. PV and Trac continued to outperform by growing 19 per cent and 7 per cent. All the other categories were in red with 2W, 3W and CV falling by -28 per cent, -15 per cent and -4 per cent respectively.
“We urge the government if the concerns are accommodated in the upcoming budget this could reenergize the auto retail trade, which in turn will bring the sector and the entire automobile industry back on track and the overall economic growth too.” FADA said in a statement