FADA plans meetings with SIAM and dealers' financiers to address rising auto inventory levels beyond 30 days.
The Federation of Automobile Dealers Association (FADA) plans to hold meetings with the Society of Indian Automobile Manufactures (SIAM) to tackle rising auto inventory levels. Inventory levels have reached up to 60 days, surpassing the acceptable 30 days, causing concerns for dealerships. FADA also plans to discuss the issue with auto dealers' financiers to explore options for swift reduction in inventory.
June 14, 2024
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