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PV sales growth impresses in April, but covid spread could dampen May prospects

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NEW DELHI : Passenger vehicle (PV) sales reported impressive growth during April, even as other segments were impacted by the spread of the pandemic.

Rising personal mobility need has been a key driver of growth in the recent past.“Based on numbers reported by OEMs (original equipment manufacturers), we estimate that PV wholesales in April were 16-18% above the 2019 level (down 10% month-on-month in line with usual seasonality)," said analysts at Jefferies India Ltd in their note.

Given covid-led disruption seen during April 2020, comparisons of April 2021 volumes to April 2019 volumes, helps gauge the correct level of recovery.Tractor sales continued good growth momentum seen over recent past.

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United States
United States
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Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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