SIAM stats on yearwise automobile domestic sales in india shows that the continuous accelerating sales in domestic market started to decelerate in 2019-20 & 2020-21.
For example, the Passenger Vehicle Sales which went up from 2,789,208 in 2015-16 to 3,047,582 in 2016-17 to 3,288,581 in 2017-18 to 3,377,389 in 2018-19 fell to 2,773,519 in 2019-20 and to 2,711,457 in 2020-21.
Commercial Vehicles segment was applied a hard break. The domestic commercial sales which clocked 685,704 in 2015-16, went up to 714,082 in 2016-17 to 856,916 in 2017-18 to 10,07,311 in 2018-19 came down sharply to 717,593 in 2019-20 and to 568,559 in 2020-21.
Two wheeler segment also saw a similar trend by clocking figures of 16,455,851 | 17,589,738 | 20,200,117 | 21,179,847 | 17,416,432 | 15,119,387 in these periods.
Automobile industry is eagerly looking at consumer sentiments post 2nd wave of COVID.
