May sales provide feel-good factor

Sales across all automotive segments including passenger vehicles, two wheelers, commercial vehicles and tractors advanced at a brisk pace year-on-year in May 2022. 

However, these numbers have to be seen in the context of lower volumes in the year-earlier month, as a result of a devastating second wave of the pandemic that led to lockdowns and job losses, the effects of which were seen for the remainder of the year. So, the numbers put out by the OEMs are not strictly comparable. However, with the exception of a few OEMs, despatches showed an uptick even when compared with April ...