Car Sales Down By 20.55 Per Cent In May 2019 As Automakers Try To Control Inventories
De-stocking is a common phenomenon in the auto market when the demand is not adequate. Also, the industry is on the verge of a big upgrade and automakers have also started to keep a check on inventories at the onset of Bharat Stage 6 (BS6) and BNVSAP (crash test norms) which will require them to introduce updated models which will adhere to all the upcoming regulations. Mahindra has already announced to shut down their production plant for up to 13 days and other carmakers as well are keeping a check on production.
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