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The March 2021 quarter volumes are expected to be higher from a year earlier, as the start of lockdowns caused wholesale volume to decline 51% for passenger vehicles (PVs), 88% for commercial vehicles (CVs) and 40% for two-wheelers in March 2020
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The company said the move is in line with the government's vision to promote and foster the adoption of electric mobility in India
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Revealing lack of traffic rule awareness among Indian road users, the survey also found that only 6% of respondents scored more than 50% on questions simulating a driving licence test.
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Shortage and the waiting period are specific to the product and their models, currently, the passenger vehicles segment is seeing the highest waiting period.
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Nitin Gadkari suggested taking ahead the suggestions put forth in the meeting by integrating industry experience in the field
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Two-wheeler dispatches to dealers also rose 6.63% to 14,29,928 units, compared to 13,41,005 units in January 2020
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Rising commodity prices may force company to hike rates
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Experts feel Nifty has good support at 14,800
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Over the past few years vehicle safety group Global NCAP, under its safer cars for India campaign, had found in various tests that some models sold in India were found to have inferior safety ratings as compared to the export version of the same model sold
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Total sales across categories declined 9.66% to 15,92,636 units last month compared to 17,63,011 units in the year-ago period
