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Cars and two-wheelers return to growth in Q2, after 6-8 quarters

Cars and two-wheelers return to growth in Q2, after 6-8 quarters
Cars and two-wheelers return to growth in Q2, after 6-8 quarters
The industry expects the performance to remain strong in the peak festive season.

Synopsis

Sales grew 17% in the passenger vehicle segment and 2-5% in the two-wheeler category in the second fiscal quarter ended September 30, helped also by a low base to compare with, as per figures released by automobile manufactures and comments by industry executives.

Mumbai: Passenger vehicle and two-wheeler sales in India posted their first quarterly growth after a year and half in the July-September period, thanks to strong rural buying and demand from middle-class families who are purchasing personal vehicles to avoid public transport amid the pandemic.Sales grew 17% in the passenger vehicle segment and 2-5% in the two-wheeler category in the second fiscal quarter ended September 30, helped also by a low
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