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Retail Auto Sales Slump To Lowest Since July Amid Second Covid Wave
April auto retail sales slump to lowest since July 2020.
08 May 2021, 02:34 PM IST
Retail sales of cars and two-wheelers fell to the lowest in nine months as a severe second wave of coronavirus infections stalled a nascent recovery for the automobile sector.Vehicle registrations—a measure of sales at dealerships—fell 29% over the preceding month to 11.89 lakh units in April, according to data from 1,493 regional transport offices in 33 states and union territories, collated by BloombergQuint from the website of the...
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