FADA's Damani sees healthy festive auto demand
In short
FADA CEO Saharsh Damani said auto demand is still healthy even though the festive calendar has shifted. Dealers are targeting 30-day post-festival inventory, and passenger vehicle stocks have fallen to 43–45 days.
This may support sales in October and November. Rural demand is stronger than city demand, but the rabi crop and farm cash flows are still uncertain.
What the reporting says
FADA CEO Saharsh Damani said underlying auto demand remains healthy despite the festive calendar shift, while dealers are targeting 30-day post-festival inventory. The publisher-supplied summary also says passenger vehicle inventories have fallen to 43–45 days and rural demand is outperforming urban markets year on year. The immediate outlook is positive for October and November, but the rabi crop and farm cash flows remain key unknowns.
Why it matters
FADA CEO Saharsh Damani said underlying auto demand is holding up, with dealers aiming to reduce post-festival inventory to 30 days. The summary says passenger vehicle inventories are already down to 43–45 days and rural demand is outperforming urban markets. That points to healthier near-term sentiment for auto dealers and passenger vehicle sales, though the report says the rabi crop and farm cash flows could still affect demand.