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Why premium car dealers are seeing an unprecedented churn across cities

Higher holding expenses, missing sales targets, soaring rentals eating into margins

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Pavan Lall Mumbai
Premium car dealers are seeing an unprecedented churn across cities, thanks to higher costs of car inventories, missing sales targets and manufacturer expectations, and soaring rentals, which are eating into margins that were slim to start with. 

Based in Mumbai and owned by Mohan Mariwala-led Auto Hangar, Linkway severed ties with Honda Cars India after having sold their cars since 1994. When contacted, a Honda official said: “After a long and beneficially mutual relationship, Mariwala has expressed his wish to pursue other personal interests and not be associated with Honda.” After mutual agreement, due processes are underway to avoid inconvenience