According to the Society of Indian Automobile Manufacturers (SIAM), India's passenger car gross sales fell 6.2% year-on-year to 262,714 models in January, indicating that the section is within the grip of recession.
Car gross sales fell 8% to 164,793 final month, a worrying signal because the trade prepares to vary the stringent BS-VI gasoline emission norms to take impact from 1 April.
Two-wheeler gross sales declined 16.06% at 1.34 ml models.
SIAM President Rajan Vadhera stated, "The emphasis on car gross sales continues as a consequence of rising prices of auto possession and sluggish development in GDP. We hope the federal government's current bulletins on infrastructure and the agricultural economic system will assist development development. < ! –
Vehicle gross sales are transferring ahead, notably within the industrial car and two-wheeler segments. "
Wadera stated the optimistic response on the Auto Expo 2020 is an indication of a change within the fortunes of the trade within the coming months.
However, this yr the expo didn’t take part in a few of the greatest names together with Honda bikes and scooters, TVS and Toyota Kirloskar.