27
Feb
17:48
Further Indian auto production cuts likely, says Ind-Ra
Indian automotive production cuts are likely to continue in the near-term despite inventory at the dealership level being brought down closer to the recommended 21 days, says India Ratings & Research (Ind-Ra).
Existing inventory at the dealership level led to most OEMs continuing to implement production cuts in January.
Indian automotive production declined -11% on-year in January to 2.15 million units, according to the Society of Indian Automobile Manufactu…
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