he stockyards and dealerships of India’s automobile manufacturers are chock-full with unsold cars and bikes.  The piled up inventory currently stands at 500,000 passenger vehicles (PVs) and three million two-wheelers, according to The Economic Times newspaper. This has left seven of the country’s top 10 auto majors with little option but to temporarily shut down their factories.  Mahindra Vehicle Manufacturers, an arm of Mahindra & Mahindra, for instance, informed the stock exchanges on June 8 that it would be observing “no production days ranging between 5–13 days” in the April-June quarter as part of “aligning its production with sales requirements.”  Enjoy this content in the new Quartz app Get the app Thanks for being a loyal reader. You’ve hit your monthly article limit. Become a member to continue reading and support our journalism. Unlock unlimited access to Quartz, including member-exclusive coverage, events, and access to our journalists.  Start free trial
description

he stockyards and dealerships of India’s automobile manufacturers are chock-full with unsold cars and bikes. The piled up inventory currently stands at 500,000 passenger vehicles (PVs) and three million two-wheelers, according to The Economic Times newspaper. This has left seven of the country’s top 10 auto majors with little option but to temporarily shut down their factories. Mahindra Vehicle Manufacturers, an arm of Mahindra & Mahindra, for instance, informed the stock exchanges on June 8 that it would be observing “no production days ranging between 5–13 days” in the April-June quarter as part of “aligning its production with sales requirements.” Enjoy this content in the new Quartz app Get the app Thanks for being a loyal reader. You’ve hit your monthly article limit. Become a member to continue reading and support our journalism. Unlock unlimited access to Quartz, including member-exclusive coverage, events, and access to our journalists. Start free trial

Smartphone shipments through online channels in India were at their highest ever share of 43% in the January-March quarter of …