Two-wheeler gross sales stood at 995,097 items, whereas passenger automobile gross sales stood at 261,633 items in April 2021. India’s home auto trade could have turned the corner in July, with month-to-month declining trends flattening out. For the primary time in several months, the Indian auto industry reported a single-digit decline of 1{6813f3f94a6310de727ec1148c1a37fe47745ad9cc55f3fd35607477109fe237} in passenger automotive wholesales, with 198,000 units being shipped last month compared to 200,500 items in the same period last yr. July shipments are doubtless the low point of a V-shaped restoration as Indian states more and more ease lockdown measures and extra dealerships open in key urban centres. The industry nonetheless needs to demonstrate a sustainable demand pattern, a minimum of over the medium time period.
Fleet gross sales too proceed to remain weak, with July volumes falling by almost 30{6813f3f94a6310de727ec1148c1a37fe47745ad9cc55f3fd35607477109fe237} of the volumes reported in June. Safety options to prevent accidents, similar to automated emergency braking , lane departure warning , head-up shows and surround cameras, are expected to gain recognition. Convenience options like computerized cruise control are expected to see a limited impact from the pandemic. Nevertheless, since many occasions these security features are sold as bundled packages, COVID-19 will aid of their penetration. …
