New Delhi: The economic slowdown has hit the automobile sector hard. The auto industry has taken a hit of Rs 450 crore this year.
Sources say that 2008 has seen the highest inventory pile-up or unsold stock left with the manufacturers
The inventory pile-up for the two-wheeler sector is in the range of five lakh units. For cars, it is about 1,60,000 units.
For commercial vehicles, the inventory pile-up is around 53,000 units, for three wheelers, it is about 23,000 units.
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