02
Oct
14:01
Ind-Ra foresees further Indian auto production cuts
Indian automotive production cuts are likely to continue owing to persistently high dealer inventories, according to India Ratings & Research (Ind-Ra). Recent government announcements to boost the economy should nevertheless help improve consumer sentiment and increase demand as the festive season approaches.
Indian domestic automotive sales slumped -24% on-year in August on weak consumer sentiment owing to the slowing economy. Dealer inventories r…
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