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Why auto industry expects better sales in June
Jun 21, 06:06

Both automobile companies and dealers are hopeful that sales may rise to the same levels of June 2020 due to pent-up demand as lockdown restrictions begin to gradually ease. A boost in sales was seen in 2020 after the nationwide lockdown to contain the spread of COVID-19 ended last year. They expect a repeat. The Federation Of Automobile Dealers Associations earlier this week said that the first nine days of June have seen better than expected sales due to pent-up demand. Automobile sales in the country rose 26% year-on-year during January-March 2021, before falling significantly in April and May. Total retail sales fell 68 percent to 5,35,855 units in May from 16,49,678 units in March.

Domestic automobile sales in May