Auto dealer body FADA on Thursday said dealers were looking for rationalisation of their assets as well as manpower, especially in bigger cities, to tide over challenging business environment.
FADA said the stress was more on dealerships in bigger cities due to the prevailing situation, compared with outlets in smaller towns and rural areas.
“Dealers are looking at moving to smaller places with relatively low rent and also looking at rationalisation of manpower… to carry forward in these challenges times,” FADA President Vinkesh Gulati told reporters.
To keep the sector alive, FADA is also talking to auto companies to keep inventory in check during the festive season this year in order to avoid overstocking at dealer-end as witnessed in the last two years, he added.
“We are speaking to SIAM and auto companies to keep inventory in check during this festive season as we don’t want to [face the] same