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In India, the demand for vehicles is increasing steadily. Due to the increased demand, the new car is launching the country. However, the sales of vehicles are not increasing every time. At times, the sale also decreases. Due to this low sales, car dealers in India have been in great trouble. What is this matter? Let’s learn about it.

Car dealers in India are currently facing a major problem. Due to the decline in sales of cars, they have plenty of stocks of non -sales vehicles. Which has reached Rs 52000 crore. This is considered to be the largest amount so far. This problem has arisen as companies are constantly creating new vehicles and sending them to the market. Car dealers have been facing this problem for the past one year.

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According to a newspaper information, dealers usually have 34 to 38 days of stock. If you see the number of vehicles, it has reached about 440,000 units. This figure till May is a bit less than the previous stock of Diwali last year. Before Diwali, the dealers had 40 to 45 days of stock. But at this time, the total amount of vehicles has increased due to the increase in the price of vehicles and the stock accumulation. This information is provided by some industry officials.

Deposited for 50 days!

According to the Federation of Automobile Dealers Association (FADA), dealers have a stock of 52 to 53 days. However, now FADA is worried. The reason behind this is that companies are sending vehicles, but dealers cannot sell it. Vehicles have been pulling for more than 50 days to dealers. So in the past, the period was 21 days.

Vehicle sales decreased

Car manufacturer companies say they have the right amount of stock available. But the truth is that the speed of car sales is now slowing down. This is the slowest speed in the last 8 months. For the first time, so little cars have been sold this year. Customers have purchased less cars than the number of cars sent to dealers. A total of 302,214 cars were sold in May. This figure is 3.144 less than last year.

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Hyundai and Maruti officials say…

Many vehicle dealers have accumulated a lot of stock, which is becoming a matter of concern. However, Hyundai and Maruti officials say that their dealers have the right amount of stock available. CEO of Hyundai Motor India, Tarun Garg, said that their dealers have about four weeks of stock available. He also said that they had the same stock available last year.

On the other hand, Partho Banerjee, the head of Maruti Suzuki India, said that his stock level is better than last year. This stock is about 35 days.