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After mega growth post Covid opening, car industry now witnesses slowdown
The car industry faces a slowdown post-Covid as cautious buyers lead to reduced wholesales to dealerships, even during the typically high-demand festive period. Passenger vehicle dispatches dropped by 2% in the second quarter of this fiscal year, with a marginal 0.5% increase in the first half. Industry forecasts now predict growth in low single digits.
The car industry faces a slowdown post-Covid as cautious buyers lead to reduced wholesales to dealerships, even during the typically high-demand festive period. Passenger vehicle dispatches dropped by 2% in the second quarter of this fiscal year, with a marginal 0.5% increase in the first half. Industry forecasts now predict growth in low single digits. 
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