by WAF Editorial Team
Yes we had last few months of stellar wholesale and retails as…
The dealers inventories were near zero when lockdown eased
There was a pent up demand
People shunned public transport and embraced personal mobility
2 wheeler and Pre Owners cars demand went through the roof due to price sensitivity.
What is the Outlook for 2021 ?
The Sensex might be breaching 47K levels but situation at ground level is not that encouraging.
The Auto Industry was just recovering from the BS-6 , Poor Demand in 2019 and 2018 and it got struck by Covid19. The Market has surely opened up but demand is still not consistent.
Manufacturing facilities continue to suffer from covid related closures. Manpower outages are still not that uncommon. Supplies get stuck due to covid or agitations.
Industrial Output, earnings are still down. The new strain from UK is also bad news. This seems the time to just stay healthy and protected, ensure family is safe ; Surviving seems to be the new thriving!