While two-wheeler inventory sold out almost completely before the end of Supreme Court deadline of March 31, commercial vehicle could sell only around 50 per cent of their inventories.
John K Paul, president of the Federation of Automobile Dealers Association (FADA), confirmed the numbers.
Queried about dealers' profitability that might be hit due to heavy discounts, he said the discounts are given by the OEMs and so it will not have any impact on dealers. "Dealers wouldn't have sold in loss," said Paul.
The key reason lack of commerical vehicles' sales was that it is the end of the fiscal year
The key reason lack of commerical vehicles' sales was that it is the end of the fiscal year