Automobile sales nosedive 55% in May, Will June bring respite with ease in COVID-19 restrictions?

Two-wheelers sales nosedived by 53% while passenger vehicles saw a 76% dip. Tractors and commercial vehicle sales dipped by 57% and 66%, 

New Delhi: In the month of May, automobile sales dropped by over 55% month on month (MoM), courtesy of the lockdown announced in many states across the country to tame the second wave of COVID-19. In comparison to May 2019, auto sales plummeted by over 70%.  The drop in sales was witnessed across all automobile categories. Two-wheelers sales nosedived by 53% while passenger vehicles saw a 76% dip. Tractors and commercial vehicle sales dipped by 57% and 66%, respectively. Also Read: Centre sets speed limit for vehicles in Delhi, heavy fines for over speeding However, auto sales are witnessing a comeback in June. In the first nine days of June, automobile dealers are witnessing strong demand, said Vinkesh Gulati, president of the Federation of Automobile Dealers Associations (FADA). "The first nine days of June saw a better start than expected due to pent-up demand.”