Comeback kid: Motown gets back on track in FY2021
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(This story originally appeared in on Apr 02, 2021)NEW DELHI: The auto industry made quite a turnaround in fiscal year 2020-21 despite being hit by the pandemic and battling severe parts and component crunch. A late recovery towards the second half of the fiscal saw car, SUV and two-wheeler sales stage a remarkable comeback, even though full-year numbers ended in the red for all companies but
The heightened demand for personal mobility amid fears around the spread of the virus saw an almost V-shaped recovery as companies scrambled to keep pace with retail. There is already a waiting across many vehicles and variants, and the shortage of parts led by issues such as semiconductor crunch has only exacerbated the situation.
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Here is what to expect from Maruti, M&M, Hero, Bajaj Auto and other automakers in February auto sales
Here is what to expect from Maruti, M&M, Hero, Bajaj Auto and other automakers in February auto sales
Navdeep YadavFeb 27, 2021, 12:06 IST
BCCL
The February auto sales are likely to be a mixed bag of ups and downs as the two-wheeler sales remain under pressure and tractors continue to outperform.
Despite a sharp month-on-month uptick in discounts, the demand for two-wheelers continued to remain subdued, especially in the entry-level segment.
Check out the latest news and updates on Business Insider.The auto companies are set to declare their monthly sales figures as we near the end of February. The auto sales for the months is likely to be a mixed bag of ups and downs as the two-wheeler sales remain under pressure and tractors continue to outperform, said an analyst report.