India auto sales down 13%, industry retreats by six years in pandemic

Companies sold a total of 18,615,588 of automobiles in FY21, lowest since FY15: Association.

India’s total automobile sales fell year-on-year by 13.05 per cent to 41,289,28 units as the economy reeled under the impact of the Covid-19 pandemic, data from an industry association showed.

Overall volume in the domestic market, which was dragged down by two-wheelers, pushed the industry back by six years, said the Society of Indian Automobile Manufacturers (SIAM) on Monday in its annual sales data.

FY2020-21 was one of the worst years for the industry that reported sales in each segment touching multi-year lows. With sales of 2,711,457 units in the domestic market, the passenger vehicles touched a six-year low. Similarly,