India’s car industry is bouncing back. Yr-on-year (y-o-y) passenger car or truck income in India grew by 23% in February.
Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, says that India has ‘overcome the COVID-19 blues’.
Agwan notes that all OEMs, other than Ford and Skoda, witnessed y-o-y increases in their income volumes past thirty day period. He cites optimistic customer sentiment but also the start of aspect-loaded vehicles.
“We are looking at the increased availability of quite a few cost-effective variants across important shopper segments,” he says. “Folks want safer vehicles and we are witnessing an rising inclination toward individual mobility. Mass industry cars these types of as Swift, Baleno, Wagon R, Alto and Dzire were being on the top listing.”
Agwan also notes that SUVs are carrying out nicely, which include the 2020 released Creta and sub-compact Location and Vitara Brezza also produced it to the top