Hit hard by the Covid-19 pandemic and the earlier growth slowdown, domestic automobile sales have plunged over the past quarter. In the month of June 2020, domestic wholesales of passenger vehicles fell by 49.59 per cent to 1,05,617 units against 209,522 sold in the same month last year.
Going forward, industry representatives warn that the sector will continue to face significant headwinds on both the demand and supply sides. According to president of the Society of Indian Automobile Manufacturers (SIAM) Rajan Wadhera, it may well take up to 3-4 years for the market to regain its 2018 levels in terms of wholesale and retail sales.
Esta historia es de la edición July 15, 2020 de The New Indian Express Chennai.
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Esta historia es de la edición July 15, 2020 de The New Indian Express Chennai.
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