Dealers perched precariously on the edge as car sales fall off the cliff4 min read . Updated: 09 Aug 2019, 01:29 AM IST
- Dealers fear that auto demand will continue to remain depressed till the second quarter of the next fiscal
- About 300 dealerships are estimated to have shut down since a shadow banking crisis unfolded in India in 2018
NEW DELHI : TV Sundram Iyengar and Sons Ltd, part of the diversified TVS Group and one of the largest dealers of Mahindra and Mahindra Ltd (M&M) vehicles in south India, has shut 20 M&M dealerships in Kerala and Tamil Nadu because of dwindling sales, said a person familiar with the matter.
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