Slowdown? What is that? Auto, smartphone, home appliances witness robust sales in January-March

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New Delhi: The lull in the auto, smartphone, home appliances appear to be fading as the info on the sales figures of these things present robust development.

A report in the Economic Times confirmed that a number of home appliances and smartphones manufacturers have proven stellar sales figures, and a few even witnessed double-digit development in sales through the January and March quarter. ET mentioned that high home equipment and electronics manufacturers like LG, Bosch, Siemens, Voltas, Panasonic, Lloyd and Godrej have seen almost 40 % development in March quarter as in comparison with the identical interval in 2019.

Samsung Electronics reclaimed the highest spot in world smartphone sales in February, a report confirmed. Samsung shipped 24 million models of smartphones for a 23.1 per cent market share final month, in line with market researcher Strategy Analytics, outpacing Apple which offered 23 million models for a 22.2 per cent share.

China’s Xioami got here in third with an 11.5 per cent share, adopted by Vivo with 10.6 per cent and Oppo with 8.5 per cent.

Meanwhile, main auto firms log robust sales in March on pent up demand. Leading automakers Maruti Suzuki, Hyundai and Tata Motors on Thursday reported robust sales in March.

Toyota Kirloskar Motor, Honda Cars and Mahindra and Mahindra (M&M) additionally reported robust sales final month as in comparison with the year-ago interval

In the two-wheeler sector, Hero MotoCorp, TVS Motor Company and Royal Enfield reported robust sales.

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