BENGALURU, Nov 6 (Reuters) – India’s retail vehicle sales fell 7.7% from a year earlier in October, a dealers’ body said on Monday, adding that a build-up of inventory of passenger vehicles (PV) was a cause for concern.
The average inventory for the PV segment ranged from 63 days to 66 days in October, an all-time high, the Federation of Automobile Dealers Association (FADA) said. Inventory days refers to the average number of days it takes to sell a unit.
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