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The Indian Auto Industry in total registered a production volume of about 8,06,755 units for the month of May 2021, this was a massive rise of over 4,67,267 over last year May 2020. Of course, one would attribute this to the low base of last year May 2020, due to the lockdowns and pandemic situation.
Nevertheless, we experienced growth in both Exports and Domestic sales. The exports grew by 3,06,378 units. and the Domestic sales grew by 1,26,348 units. Clearly, OEM’s placed their bets on exports in the month of May, rather than the domestic market which was mostly closed.
Continue reading “Indian Auto Industry Analysis- May 2021. [Cars+UVs+2Wheelers+3Wheelers] Domestic & Export Volumes.”