Corona’s effect on car companies is over! Dispatch record broken in January

Indian car manufacturers have dispatched record-breaking vehicles for the third consecutive month. Car manufacturers have sold between 2,95,000 and 2,98,000 vehicles to dealers in the month of January. It is known that due to the Corona epidemic, there is a huge demand for private vehicles in the market. Due to the epidemic, people are trying
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Corona’s effect on car companies is over! Dispatch record broken in January

Indian car manufacturers have dispatched record-breaking vehicles for the third consecutive month. Car manufacturers have sold between 2,95,000 and 2,98,000 vehicles to dealers in the month of January. It is known that due to the Corona epidemic, there is a huge demand for private vehicles in the market. Due to the epidemic, people are trying to take private vehicles and use public transport sparingly.

Talking about the first month of the year, before this there was a record-breaking sale in 2018. When 2,85,000 units were sold. Industry experts say that in January this year, there has been a 10 to 12 percent increase in cars sold to dealers. This is the best record so far in the last five years.

This is the sixth consecutive month when the wholesale volume growth for private vehicles is seen in double-digit. That too at a time when the corona epidemic of this industry broke its back during the lockdown. The average volume has seen an increase of 17.65 percent in the last 6 months. According to ETIG figures, this is more than the annual growth rate of the car making industry in the last decade.

The growth rate for car sales is different for each company and there is a big difference. This is because some company cars are in high demand in the market. It may be known that for some years, there was a decrease in vehicle sales in January. In 2014, January was the worst month for vehicle sales. Before that, 2011 saw a growth rate of 24.7.

It is believed that in January this has happened due to declining network inventory and stable retail. Actually, the time period for launching many trains in the market has also been extended.