New Delhi, Jun 11: Passenger vehicle wholesales in India declined by 66 per cent to 88,045 units in May as compared to April this year as lockdowns across
Covid-induced economic volatility contracted the demand for domestic passenger vehicles in May 2021 from May 2019 levels.However, the base effect, along with low interest rates and some pent up demand, showed an accelerated rise in domestic .
As many as 88,045 passenger vehicles were sold last month, compared to 33,546 units sold in the year-ago period, according to data released by industry body Society of Indian Automobile Manufacturers (SIAM).
New Delhi [India], June 11 (ANI): The automobile industry produced 8.06 lakh units in May but sales declined in strong double-digits with several state governments imposing lockdowns to check the spread of COVID-19's second wave.