Out of the driving seat

We may have to wait till 2022-23, or even 2023-24 before sales climb back to the levels attained in 2018-19 and, as mentioned above, even those numbers were not inspiring

The auto industry experienced a drastic collapse in demand between April and August this year. According to the Society of Indian Automobile Manufacturers, domestic passenger car sales fell to 552,429 units in April-August 2020, compared to 1,091,928 units in April-August 2019, down by 49.41 per cent. Three-wheeler sales was 40,022 units in April-August 2020 compared to 264,334 units in April-August 2019, down by 84.86 per cent. Two-wheeler sales were 4,134,132 units in April-August 2020, compared to 8,038,980 units in April-August 2019, down by 48.57 per cent. Growth in 2019-20 was negative compared to 2018-19, and the growth rate in 2018-19