Car Inventory: Carmakers in India are forecast to face a record stockpile of 400,000 vehicles worth INR 44,000 crore by the end of May, as demand cools after a three-year run of high sales. Passenger vehicle registrations are expected to fall by 5% in May from a year earlier, due to election-related uncertainties, the completion of marriage season, and heat waves in key markets, particularly Delhi NCR.
Heatwave impacts car sales in India with dwindling footfall and delayed purchases. Dealers increase discounts and offer home test drives to attract buyers. Inventory stress expected in June as demand declines.
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