Auto sales decline from a year ago as Covid-19 hurts; tractors buck the trend

Auto sales decline from a year ago as Covid-19 hurts; tractors buck the trend

Mumbai: Automakers reported disappointing sales figures for the month of July in all segments barring tractors compared to year-ago on account of Covid-19 induced lockdowns. However, the numbers improved on a sequential basis and the recovery is expected to be gradual. Apart from demand issues, supply-side pressures are also weighing on auto companies in light … Read more