India Auto Inc enters 2021 on an optimistic note, rate of sales decline slows down
New vehicle sales in December 2020 benefit from pent-up demand, register reduced rate of decline in Q3 FY2021 over Q2.
14 Jan 2021
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With 2021 bringing a new dawn of hope for humankind with the fight against Covid-19 finally entering mass vaccination of the global population, there also lies hope for pandemic-impacted businesses around the world. It is no different for India Auto Inc which registered much-improved sales in December. Reason enough to drive into 2021 with positivity and cautious optimism.
New model launches drive PV and two-wheeler sales
In December 2020, the passenger vehicle (PV) segment clocked sales of 252,998 units (December 2019: 222,728 / +13.59%) and the two-wheeler segment registered 1,127,917 units (1,050,038 / +7.42%).
Utility vehicles sold 94,787 ...
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