28
Jun
13:18
Ind-Ra foresees further Indian automotive output decline
India Ratings and Research (Ind-Ra) expects further Indian automotive production cuts in June after the country’s automobile dealers’ association requested the industry maintain dealer inventory of 21 days by September.
The majority of original equipment manufacturers (OEMs) undertook production cuts to combat the slowdown in industry sales volume and rising inventory levels at dealers in May. In April-May 2019 India's auto industry cut outp…
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