From price cut to discounts: Tesla plans to revive EV sales to clear inventory

Passenger, two-wheeler inventory dip in March: FADA
With sustained demand owing to the wedding season, and entry-level pickup, the passenger vehicle and two-wheeler inventory levels saw a dip in March.  The passenger vehicle inventory was between 40- 45 days while the two-wheeler inventory was between 10-12 days in March according to the Federation of Automobile Dealers Associations (FADA). 

Oil prices fall for a second day as US crude inventories increase

Car dealers say inventory impacting margins but car makers contest, claim situation not as adverse
Car sales are scaling new records every day but passenger vehicle dealerships, especially in the mass-market product segment are concerned about inventory buildup affecting margins. Dealers and manufacturers seem to be at odds in terms of reading the current sales trend and its impact.

The Lean Inventory Illusion: A Closer Look at India's Auto Supply Chains
Many auto OEMs in India proudly claim that they operate with only a few hours' worth of component inventory.

Petrol pumps cap inventory amid hopes of fuel price cut
New Delhi: Retail fuel pumps across the country are operating with about three days of stock against the usual inventory of five days over the past month amid speculations of a cut in petrol and diesel prices ahead of general elections.

Two-wheeler inventory level drops in CY24
Mumbai: Aided by faster sales, wedding season and entry-level pick-up, the two-wheeler inventory levels have seen a dip in CY24. The two-wheeler inventories for two consecutive (January and February) months are between 10 and 15 days according to Federation of Automobile Dealers Associations (FADA).  

Automakers to help reduce inventory at dealerships
In a bid to reduce inventory stocks at dealerships across the country, original equipment manufacturers (OEMs) have reduced production and supply.  “OEMs are looking to reduce stock by pushing fewer vehicles to dealerships, preventing potential oversupply issues in the coming months. The inventory, by industry estimate, is 30-32 days, though for some models it is higher,” Shashank Srivastava, Senior Executive Officer, Marketing and Sales, Maruti Suzuki India Ltd, told businessline. 

Car dealers face inventory accumulation of 650,000 to begin new year
“The only cause for concern (in a good year) is the stock in passenger vehicles. The bad part about the auto retail business is that things are happening fine but wholesales are happening even better. They need to cut on this,” said Manish Raj Singhania, president, Federation of Automobile Dealers Associations (Fada).

Passenger vehicle inventory levels rise to 7 lakh units: FADA
With the stocks of passenger vehicles (PVs) piling up to more than 7 lakh units, companies need to manage their inventory levels and clear them at the earliest in the new year, said Federation of Automobile Dealers Associations (FADA) on Friday. “In passenger vehicles, at the beginning of December, all India stock was close to 7-7.50 lakh vehicles, and that is 60-64 days’ of built-up stock, and now it all depends on how much will be cleared by the first week of January. Attention is also drawn to the challenges faced by dealerships, encompassing issues such as inventory management, especially in the PV segment, which is currently at all-time high,” Manish Raj Singhania, President, FADA, told businessline.

Two wheeler year-end discounts flat, riding on inventory liquidation
Manish Raj Singhania, president of Federation of Automobile Dealers Associations of India (FADA), said, “Currently, with comfortable inventory levels, the promotional schemes are relatively reduced. Last year, the industry faced significant challenges, and two-wheeler dealers were grappling with sluggish sales.Consequently, the discounts were not at pre-Covid levels. There were robust schemes before the pandemic, but the post-Covid scenario never allowed the industry to reach a point where manufacturers or dealers could offer substantial discounts. Additionally, the industry’s transition from on-board diagnostic-1 (OBD-I) to OBD-II norms for two-wheelers in April faced supply challenges, with original equipment manufacturers (OEMs) struggling to meet the market demand.”

EV inventories hit record high in US as cars pile up on dealer lots
The nearly four-month inventory of EVs is up from a 53-day supply a year ago and compares to 71-days worth of inventory for the overall auto industry, researcher Cox Automotive wrote in a blog post Thursday.

Models with 40-45 days inventories to see higher retail push in December: Shashank Srivastava, Maruti Suzuki
Your month-on-month sales have declined by 20% in November. What has led to that and is this a one-off?

High inventory worries dampen record sales cheer

PV inventory levels to improve by Dec-end: Maruti, Hyundai
New Delhi: The inventory levels of passenger vehicles will improve by the end of December, down substantially from 30-35 days currently, said market leaders Maruti Suzuki India (MSIL) and Hyundai Motor India (HMIL) on Friday.

Maruti to hike prices in January across models; sedan inventory continues to be high: Shashank Srivastava
Shashank Srivastava, Senior Executive Officer (Marketing and Sales), Maruti Suzuki India, says: “Yesterday, we filed with the stock exchange. We have said clearly that we will affect the price increase in January and that is because of the general inflationary pressure and also some of the commodity prices pressure. The combination of these two has resulted in our decision to increase the prices in January.”
 

Carmakers line up discounts to counter inventory glut
Mumbai : The Automotive Segment ended the festival season on a high note, with total estimated volumes better than any of the previous years. But owing to stubbornly high inventory levels prior to Diwali, there is now a flurry of discount schemes to entice buyers. 

FADA wants banks to stop overfunding auto dealers with high inventory
Mumbai: To reduce the passenger vehicle inventory stocks, the Federation of Automobile Dealers Associations (FADA) will approach financiers urging them not to overfund automobile dealers. Citing dealers not being able to make a profit with inventories going beyond 30 days, the body will ask the financiers to check the dealer inventories before releasing funds. 

Federation of Automobile Dealers Association raises flags over rise in auto inventory
 

High inventory levels in PVs at critical 63-66 days range: FADA
New Delhi: This year’s festival season marked a milestone, with retail automobile sales soaring 18 per cent year-on-year (y-o-y), surpassing the previous high during Navratri in 2017 across segments, said the Federation of Automobile Dealers Associations (FADA) on Monday, but it warned at the same time that inventory level is at the highest for passenger vehicles (PVs) at the moment.

Festive season to provide new filip to auto sales, inventory pile-up could spell trouble
The automotive retail sales especially in the two-wheeler and passenger vehicle is expected to see a robust demand given the start of the festive season with the Navratra today, but there is a sense of cautious optimism.

Inventory at 5-year high: It is raining discounts for car buyers
With the festive season around the corner and inventories rising to five-year highs, automakers are doling out mouth-watering discounts to car buyers.

Indian Bank signs inventory financing pact with Tata Motor’s arms
Chennai: Indian Bank Ltd signed an agreement with Tata Motors Passenger Vehicles Ltd (TMPVL) and Tata Passenger Electric Mobility Ltd (TPEML) to provide inventory financing solutions to their authorised dealers for electric as well as other passenger vehicles. The PSU lender will provide the two wholly-owned subsidiaries of Tata Motors Ltd with inventory financing solutions through its digital SCF (supply chain finance).

Aventose S110: This new electric scooter offers 200,000 km service life, multiple charging, and battery options
Aventose Energy today said that its Aventose S110 has received ARAI certification.

Passenger vehicle inventory high in showrooms on hope of good festive sale

Bigger inventory in small cars but higher discounts unlikely; expect strong festive season: Shashank Srivastava, Maruti Suzuki

High inventory not a result of sales slowing down: Shashank Srivastava, Maruti Suzuki

Car inventory at dealerships may hit 4-year high

Aventose reveals first e-bike M125: Launch by April 2024

Passenger vehicle inventory at three-year high