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Automakers on downhill drive in November, analysts see recovery in Q4

The sales numbers were more disappointing because November is considered to be a month of great demand for festivities and auto companies generate most of their yearly sales in this month

December 02, 2021 / 04:16 PM IST
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Automakers declared muted sales in November across most segments. Commercial vehicles bucked the slowdown riding on strong recovery in demand for high-tonnage machines. Two-wheeler shipments also showed robust growth during the month.

The sales numbers were more disappointing because November is considered to be a month of great demand for festivities and auto companies generate most of their yearly sales in this month.

A Year-on-Year Study

Rural demand witnessed a sharp rebound after the first round of lockdowns last year and sales in November 2020 were considerably higher with both two wheelers and tractors recovering smartly.