India 2020 pandemic economy India

Auto sales recovery surprises industry

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automobile sales this fiscal following the swift recovery witnessed since the lifting of the lockdown curbs.Analysts of ICICI Securities have penciled in a volume decline of 15% for two-wheelers and passenger vehicle category from its previous forecast of over 20%, while the drop in commercial vehicle space is expected around 30% during the fiscal year.Also Read | Dark underbelly of India Inc’s shop floors“Manufacturing and distribution activities have been getting ramped up gradually since June 2020, in step with the rest of the economy.

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