Synopsis
Retail sales will see a more sharper fall this month at 1.5-1.8 lakh units. This is not even 55 per cent of the sales reported in March 2021, says Vinkesh Gulati, president of the Federation of Dealers Association.
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Passenger vehicle sales are expected to fall by 11% in April at 2.85 lakh units compared to March 2021, as the surge in Covid 19 cases has put a brake on sales that were witnessing an upward spike until 2-3 weeks ago.
While that expectation has taken a hit, industry experts hope for a quick turnaround when the pandemic situation improves, as was seen after the first wave last year.
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The auto industry has once again come under the impact of the surging number of COVID-19 cases.
As per the Federation of Dealers Association, passenger vehicle sales are likely to fall by 11% in April at 2.85 lakh units, compared to a month ago in March. Retail sales have seen a sharper fall of ~55%, and it is likely to be in the range of 1.5-1.8 lakh units in April.
Partial lockdowns and other restrictions have affected consumer sentiments. As a result, all the major PV makers have restricted their factory activities.