More reliable high frequency data on our economy is automobile, two wheeler and commercial vehicle sales. We can compare sales of a month to same month year to measure growth.
This is trend we have.
November 2019 compared to November 2018
2 wheelers down 14%
4 wheelers down 7%
This is trend we have.
November 2019 compared to November 2018
2 wheelers down 14%
4 wheelers down 7%
December 2019 compared to December 2018
Two wheelers down 16%
Four wheelers down .1%
Two wheelers down 16%
Four wheelers down .1%
January 2020 compared to January 2019
Two wheelers down 16%
Four wheelers down 6%
Two wheelers down 16%
Four wheelers down 6%
February 2020 compared to February 2019
Two wheelers down 19%
Four wheelers down 7%
Two wheelers down 19%
Four wheelers down 7%
March 2020 compared to March 2019
Two wheelers down 39%
Four wheelers down 51%
Two wheelers down 39%
Four wheelers down 51%
April 2020 cannot be compared to April 2019
Because April 2020 had zero sales because of lockdown
Because April 2020 had zero sales because of lockdown
May 2020 compared to May 2019
Two wheeler sales down 88%
Four wheeler sales down 84%
Two wheeler sales down 88%
Four wheeler sales down 84%
June 2020 compared to June 2019
Two wheelers down 36%
Four wheelers down 53%
Remember this is after an April of zero sales and May of -80% sales. Are these green shoots?
Something damaged economy whose effects were already visible
last year. Lockdown only exacerbated things
Two wheelers down 36%
Four wheelers down 53%
Remember this is after an April of zero sales and May of -80% sales. Are these green shoots?
Something damaged economy whose effects were already visible
last year. Lockdown only exacerbated things
