India auto dealers flag inventory, financing costs as risks to demand
India auto dealers flag inventory, financing costs as risks to demand Nov 6 (Reuters) - Indian auto dealers warned that elevated vehicle inventories and rising financing costs could weigh on demand after the festive season, even as they remained optimistic that strong retail activity in the coming weeks would help reduce stock levels.
Passenger vehicle inventory remained at about 43-45 days despite record wholesale dispatches, Federation Of Automobile Dealers Associations said on Friday.
(Reporting by Kashish Tandon in Bengaluru; Editing by Jochelle Mendonca)
((Kashish.Tandon@thomsonreuters.com; 8800437922;))
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