Auto sales jump 11% YoY in Dec; growth registered for first time in FY21
Auto sales FY21: The strong growth has seen a reduction of inventory levels across segments, something that will soothe the nerves of dealers
Sumant Banerji | January 11, 2021 | Updated 13:49 IST
Automobile sales growth FY21: The growth was led by passenger vehicles up 23.99 percent, tractors-up 35.5 percent and two wheelers-up 11.88 percent
KEY HIGHLIGHTS
Overall automobile retail sales grew 11 percent in December, first time in a month in this fiscal.
Growth was largely due to festival spill over demand and pre-buying due to announcement of price hike in January 21.
Two wheelers, Passenger Vehicles and Tractor categories grow by 11.8%, 24% and 35.5% (YoY).