 "Minimum inventory sees car sales plummet in June")
A reduction in dispatches by car makers to ensure minimum inventory at dealerships in the run up to Goods and Services Tax has resulted in a double-digit decline in wholesale of passenger vehicles (cars, vans and utility vehicles) in June. The industry volume is estimated to have declined by about ten per cent. Most companies including Hyundai, M&M, Tata Motors have seen a decline. Based on data from nine companies, the industry is estimated to have sold about 190,000 vehicles last month, a decline of over ten per cent from June last year.
Country’s biggest car maker Maruti Suzuki reported
