All segments of automobiles except tractors witnessed positive growth m-o-m
All segments of automobiles except tractors witnessed positive growth m-o-m
BusinessToday.In
- Dec 10, 2020,
- Updated Dec 10, 2020 11:49 AM IST

- 1/6
All segments of automobiles (except tractors) witnessed positive growth m-o-m, where two wheelers, were one of the best performing segments with rise in retail sales of 35.7% m-o-m. New model launches and premiumization helped clock positive growth for these this segments during the month.

- 2/6
The three wheelers segment, though has shown some positive growth sequentially, but is still the weakest performing segments of automobiles in FY21 (till date). It has grown 8.1 % on M-O-M basis to 24185 units in November.

- 3/6
Commercial vehicles retail sales rose 12.7%. The demand for bus segment remains muted as most schools continue to remain closed and large number of offices still encourages work from home practice.

- 4/6
Passenger vehicles witnessed a rise in retail sales of 16.5% m-o-m in November 2020. The retail sales of passenger vehicles witnessed a growth of 4.2 % on yearly basis in Nov 2020 with aggregating to 2.9 lakh.

- 5/6
Tractors reported negative growth m-o-m in November 2020. The three wheelers segment, though has shown some positive growth sequentially, but is still the weakest performing segments of automobiles in FY21 (till date).

- 6/6
November 2020 was a significant month for discretionary purchases. Though celebrations have remained muted this year due to the ongoing pandemic, automobile retail sales in India have shown an impressive growth of 29.3% sequentially