Indians Bought 61 Thousand Lesser Cars Compared to Last Fiscal, Two-Wheeler Sales Dropped by More than 20 Lakh Units
3 years, 8 months ago

Indians Bought 61 Thousand Lesser Cars Compared to Last Fiscal, Two-Wheeler Sales Dropped by More than 20 Lakh Units

News 18  

Passenger vehicle sales in India declined by over two per cent in the 2020-21 fiscal as the Covid-19 pandemic has put brakes on the sector which has already been witnessing a structural slowdown over the last few years, industry body SIAM said. Similarly, total two-wheeler dispatches during the last fiscal by companies to their respective dealer partners declined by 13.19 per cent to 1,51,19,387 units, as compared to 1,74,16,432 units in 2019-20. Total commercial vehicles sales declined by 20.77 per cent to 5,68,559 units last financial year, as against 7,17,593 units in 2019-20. “If we look at the fourth quarter January-March 2021 sales which might include some deferred sales from previous quarters, only passenger vehicle segment at 9.34 lakh sales was marginally above the previous high of January-March 2018 period at 8.62 lakh units,” Menon added.

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