 "More car buyers opting for high-end models with safety feature, accessories")
Automobile companies have shifted to low gear and demand has flattened across the board. NBFC crisis, followed by lower off-tick of volumes and increasing competition has taken a major toll on automobile original equipment manufacturer (OEMs). Major dealers across the country have been burdened with high inventory prompting OEMs to re-align their production. Going ahead, two-wheelers face a hefty task to push sales while they look to comply with the anti-lock breaking system (ABS), combined breaking system (CBS) norms, which will lead to some rise in cost.
While private vehicles (PVs) have been facing stiff task with dealers across geographies
