After dull festive season, dealers see revival signs in auto industry

The Federation of Automobile Dealers Associations (FADA) said it is seeing initial signs of revival in the industry after a dull festive season, helped by the softening in fuel prices. The NBFC liquidity, which directly impacts the auto industry is also getting due attention, and positive measures will be taken to improve the consumer sentiment, it added. FADA said there has been a correction in the extremely high dealer inventory levels due to moderation in wholesale billing by manufacturers.