Footfalls, enquiries hit speed-breaker at automobile dealerships, visits dip 8-10%

Last updated: 2023/03/19 at 3:49 AM

By Staff 2 days ago

5 Min Read

Business Standard

Slowdown started displaying up in Jan, although there was some enchancment in March second half

Topics

Passenger Vehicles | Cars | Maruti Suzuki

Sohini Das |
Mumbai

Last Updated at March 19, 2023 16:24 IST

Cars are seen parked in a dock on the Chennai Port Trust | Photo: PTI

Are there indicators of slowdown in India’s passenger car market, which for the time being is sitting on roughly 700,000 open bookings? Dealers admit that there was a slowdown within the footfalls and recent enquiries since January. In truth, business executives additionally consider that FY 2023-24 will see a pointy slowdown in progress charges, after rising robustly within the present fiscal.