The ongoing slowdown in the automobile industry — along with the liquidity crisis in the market — has had a crippling effect on the dealer network. Data from the Federation of Automobile Dealers Associations (FADA), the apex body of vehicle sellers, shows that the city count of dealership closures in the last 18 months is a staggering 271 with 245 passenger vehicle dealership shutdowns.Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News
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