Total home passenger car gross sales rose 115.2 per cent in March, information from an auto business physique confirmed on Monday, however it warned that the COVID-19 pandemic had set again an already bruised auto business by a few years.
The Indian auto sector was already dealing with a requirement slowdown when the federal government imposed a nationwide lockdown in March final 12 months to curb the unfold of the coronavirus.
“On the sales front, a deep structural slowdown in the industry even before the pandemic, combined with the impact of COVID-19 in 2020-21, has pushed all vehicle segments back by many years,” Kenichi Ayukawa, president of the Society of Indian Automobile Manufacturers (SIAM) mentioned.
India’s COVID-19 circumstances proceed to rise relentlessly, overtaking Brazil on Monday to turn into the second-worst affected nation globally.
Government of Maharashtra is contemplating a lockdown and will take a closing determination this week, a senior authorities official mentioned.
Mr Ayukawa additionally warned of uncertainty within the worth chain as a consequence of scarcity of semiconductors, lockdowns and excessive uncooked materials prices.
Sales of passenger vehicles, sport utility autos (SUVs) and vans rose to 290,939 models in March from 135,196 models a 12 months in the past, SIAM information confirmed.
Two-wheeler gross sales, thought of an indicator of the well being of the agricultural financial system, rose almost 73 per cent to fifteen lakh models in March, information confirmed.
But for the monetary 12 months April-March, passenger autos gross sales fell 2.24 per cent to 27 lakh models.
