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Statsguru: Six charts show automobile sector is still not out of the slump

Maruti and Tata Motors have already announced price increases for their vehicles

car, automobile, manufacturing, jobs, tech, automation
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The sector is expected to witness more pain, as input prices may lead to manufacturers passing on the costs to the consumers, which may affect demand

Ishaan Gera
Although the Indian economy is expected to grow by 9 per cent in the current fiscal year, data indicates the automobile sector is still not out of the slump. Data published by the VAHAN portal shows that two-wheeler sales in 2021 were the lowest in eight years. Two-wheeler registrations fell even before the pandemic, but declined further in 2021. About 11.77 million motorcycles and scooters were sold last year, which was lower than 12.9 million two-wheelers sold in 2014 (chart 1). Car sales were higher than last year but were still below the level witnessed in 2018 when 2.76 million

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First Published: Jan 23 2022 | 9:54 PM IST

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