NEW DELHI : Several passenger vehicle dealers are staring at an uncertain future as high levels of unsold inventory of Bharat Stage-VI emission norm compliant vehicles are leading to increase in interest cost, which many of them may not able to repay to banks.
Automobile dealers got a breather from the banks because of the moratorium of six months on loan repayments granted by the Reserve Bank of India.
Some of the car makers helped with the inventory cost on the unsold BS-VI stocks but for a limited period. However, as sales of passenger vehicles are likely to decrease by more than 25% this financial year because of the slowdown in the domestic automobile industry, heightened by the coronavirus outbreak, dealers will likely need to hold