Amber Banerjee, Ramesh Sable, Pradeep Nagarkoti
Jan 20, 2022, 08:00AM ISTSource: TOI.in
Indian car buyers have been facing frustration and long waiting periods, as delivery delays for their new vehicles are running into months and sometimes up to a year. As per reports, India currently is facing a backlog of over 7 lakh new cars that need to be delivered to buyers. The sudden surge in demand post-covid and shortage of semiconductors are being blamed for these delays. However, it has resulted in a financial hit to both customers and dealers, and is also spoiling India’s retail therapy and here are the reasons why…
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