Retail sales of vehicles rise in July

Retail sales of vehicles in India rose in July, a dealers' body said on Monday but cautioned of rising inventory levels and demand slowdown in certain categories despite the upcoming festive period

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Inventory days, an indicator of retail demand, ranged from 50 to 55 days for passenger vehicles, up from 45 to 49 days in June, the Federation of Automobile Dealers Association (Fada) said. Higher inventory days indicate dealers storing vehicles for longer before being able