Auto cos go slow on dealer dispatches as demand dips
Business new tamfitronics NEW DELHI: After nearly three years of bumper growth, car sales have started to show signs of weakness as demand has come down over the past few months on a high base and other negatives such as severe summer heatwave, uncertainty around elections, and expensive vehicles.The Indian car market had bounced back strongly after the Covid setback and closed 2023 with record sales of 41.1 lakh units.However, the market has seen a squeeze in demand in recent months, which many fear will mean low-to-flat growth for the full year.The numbers in June saw Maruti and Hyundaithe top two carmakers, report weak growth in dealership deliveries. But while they managed to stay positive, Tata Motorswhich had made a remarkable comeback over the last few years, witnessed an 8% decline in dealer...
