Consumer electronics and smartphone seller Croma saw a 5% jump in its total income along with a drop of 1% in its net losses for the FY 2020-21
The two-wheeler category also witnessed a slow recovery as rural markets are taking time to get back to normal from Covid related disruptions.
PV industry volumes should improve, due to a healthy order book and lower dealer inventories, say brokerages
Vehicle sales across categories witnessed a dip of 65% to 4,42,013 units last month, as against 12,70,458 units in April this year
Total registration of vehicles in May 2021 fell to 5,35,855 units as compared to 11,85,374 units in April 2021
Currently, the mid-SUV segment is dominated by the likes of Hyundai Creta and Kia Seltos in the country
Maruti Suzuki India (MSI) reported a 71% decline in total sales to 46,555 units in May 2021 as compared to 1,59,691 units in April
On the volume side, the domestic automobile industry's sales volume (excluding commercial vehicles) declined 30% m-o-m in April
Maruti Suzuki India said its total production in April 2021 stood at 1,59,955 units, down 7% from March this year
Centrum said the passenger vehicles sales started in the month with low inventory and hence stocked up before the production shutdowns in May