Nirmal Bang: Auto Sales In November Fall Short Of Expectations; On-Ground Demand Continues To Remain Healthy
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Nirmal Bang Report
Automobile sales continued its growth momentum in November 2020 amid rise in preference for personal mobility on the back of good festive demand, upcoming wedding season, soft base due to overlapping of Diwali in November this year and continued positive sentiments in rural and semi urban markets.
Barring three-wheelers, all the segments reported YoY volume growth.
But, volumes declined on a sequential basis due to lower-than-expected festive retails in case of two-wheelers and production issues for some passenger vehicle players.
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