December car sales tepid as OEMs correct inventory in run up to BS VI
The last month of a forgettable 2019 did not spring any surprises as OEMs preferred to rejig production schedules and dealer inventory to be BS VI future-ready.
2019 is over and out. The last month of the year had to show in terms of sales as passenger vehicle manufacturers rejigged production schedules and inventory levels to get future-ready ahead of the BS VI mandate from April 2020. OEMs in India report despatches to dealers as sales numbers. An analysis of 10 OEMs' sales in December 2019 reveals overall sales are down by 2.95 percent.
PV market leader Maruti Suzuki Indiareported marginally improved numbers for December 2019. With total sales / despatches of 122,784 units, the OEM recorded 2.5 percent YoY growth (December 2018: 119,804). The company had ...
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