India's automobile sales expected to return to pre-epidemic level in FY23
13 May 2021 15:13 reported by Joy Liu
The Federation of Automobile Dealers Associations (FADA) said on May 10 that the COVID-19 epidemic has begun to spread to small towns and villages in India this year, which dragged the local automotive sales’ recovery period.
In the second half of last year, Indian automobile sales rebounded greatly as consumers tried to avoid public transportation.
Due to the worsening epidemic in India, the FADA expected that India needs more time to recover its automobile sales this year. The sales volume was expected to return to the peak level in March 2019 in the fiscal year 2023.
Besides, the FADA said the sales of new automobiles will continue to be sluggish in May as blockade measures in some areas will last until the end of May.
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