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Auto Sales Report: Corona and recession show a lot of impact on vehicle industry, sales decreased by 2.24 percent in last year

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Since the year 2020, due to the Corona epidemic, every segment has been in recession, and this has not saved the automobile industry either. According to data released by SIAM, passenger vehicle sales in India have seen a decrease of 2 percent in the financial year 2020-21. Looking at the new figures of the Society of Indian Automobile Manufacturers (SIAM), the fiscal year 2020-21 has decreased by 2.24 percent compared to 2019-20.

While it was limited to 27,73,519 units in 2019-20, now it has come down by 2.24 percent to 27,11,457 units. Similarly, the official dealer is limited to 1,51,19,387 units in the two-wheeler with a loss of 13.19 percent during the last financial year. While it was 1,74,16,432 units in 2019-20. In the last financial year, total commercial vehicle sales fell by 20.77 percent to 5,68,559 units. Which were 7,17,593 units in 2019-20.

According to data released by SIAM, the three-wheeler dispatch declined by 66.06 percent to 2,16,197 units in 2020-21 from 6,37,065 units in 2019-20. SIAM President Kenichi Ayukawa stated that “the sector has recorded a steep decline due to the COVID-19 epidemic in 2020-21. He said there remains uncertainty in the value chain due to semiconductors, lockdowns, and raw materials.” Instead of trying to predict the future in an environment of uncertainty, we will all work hard to make it. “

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https://www.newscrab.com/article/bizarre/auto-sales-report-corona-and-recession-show-a-lot-of-impact-on-vehicle-industry-sales-decreased-by-2-24-percent-in-last-year-62386

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