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SIAM asked to report monthly auto sales data
Automobile dealers' body FADA has asked its auto industry counterpart SIAM to start reporting monthly sales data on the basis of actual registrations based on road ministry's Vahan platform instead of wholesales.
New Delhi: Automobile dealers' body FADA has asked its auto industry counterpart SIAM to start reporting monthly sales data on the basis of actual registrations based on road ministry's Vahan platform instead of wholesales.
In a letter addressed to Society of Indian Automobile Manufacturers (SIAM) President Rajan Wadhera, FADA President Ashish Harsharaj Kale said reporting retail numbers is also a norm which is followed internationally and would help in the betterment of the Indian auto industry as well.
"Both dealers and component manufacturers also felt that it would have been easier to predict the ongoing slowdown in auto sales if retail numbers were reported, helping all in their inventory management and would have kept all better placed in facing these dynamic times," Kale wrote in the letter.
FADA has been advocating this from November 2018 and many of its members have also done the same with their respective original equipment manufacturer (OEM's) and have received a positive response of accepting it, given if it becomes an industry practise, he added.
