According to the Society of Indian Automobile Manufacturers (SIAM), India's passenger car gross sales fell 6.2% year-on-year to 262,714 items in January, indicating that the phase is within the grip of recession.
Car gross sales fell 8% to 164,793 final month, a worrying signal because the business prepares to vary the stringent BS-VI gas emission norms to take impact from 1 April.
Two-wheeler gross sales declined 16.06% at 1.34 ml items.
SIAM President Rajan Vadhera stated, "The emphasis on car gross sales continues because of rising prices of auto possession and gradual progress in GDP. We hope the federal government's current bulletins on infrastructure and the agricultural financial system will help progress progress. < ! –
Vehicle gross sales are transferring ahead, significantly 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 business within the coming months.
However, this 12 months the expo didn’t take part in a few of the largest names together with Honda bikes and scooters, TVS and Toyota Kirloskar.