Search
+
Read. Lead. Succeed. ET Prime - For Members Only
  • Sharp Insight-rich, Indepth stories across 20+ sectors
  • Access the exclusive Economic Times stories, Editorial and Expert opinion

Auto

A pile up of cars is sending a chilling message across Maruti, Hyundai et al.

A pile up of cars is sending a chilling message across Maruti, Hyundai et al.
A pile up of cars is sending a chilling message across Maruti, Hyundai et al.
Getty Images

Synopsis

Indian automakers are bracing for a sales slowdown. Their own behaviour and evolving consumer preferences are to be blamed.

Why! This car is automatic It’s systematic It’s hydromatic (Apologies John Travolta and Greased Lightnin’ but…) It’s just problematic! All spruced up and nowhere to go. That’s what cars are doing these days – those in dealer showrooms, to be precise. It is believed that car dealers are holding an inventory valued at around INR48,000 crore-INR54,000 crore, comprising 400,000-450,000 units across different car brands in the retail network.
( Originally published on Jun 10, 2024 )
  • FONT SIZE
  • SAVE
  • PRINT
  • COMMENT
New Feature Refer & Earn
ET

Uh-oh! This is an exclusive story available for selected readers only.

Worry not. You’re just a step away.

The Economic Times