While 2020 was a period of gloom and introspection, thanks to the Covid-19 pandemic, the first month of 2021 is a harbinger of hope and action, thanks to several new car launches, some of them in January, some of them slated for the coming months.
January 2021 started on a positive note, thanks to increased vehicle sales in December 2020. The December 2020 registrations for the first time in FY20-21 witnessed positive growth of 11% (YoY) largely due to festival spill over demand and pre-buying due to announcement of price hike in January 2021, according to the data released by the Federation of Automobile Dealers Associations (FADA).
With no further price hike shocks, demand spurring budget by the Central Government, Covid vaccine’s effectiveness to fight the current and the new strain of virus with no/minimal side effects, FADA noted that it remains guarded in its optimism for auto sales during last quarter of this fiscal year i.e. January to April 2021.
The month of January 2021 will be seeing the launch of the 2021 made-in-India Jeep Compass, the 2021 MG Hector, the 2021 Toyota Fortuner, the BMW 3 series Gran Limousine and several other products from companies like Tata Motors and Volkswagen.
FCA INDIA
Incidentally, FCA India has not only confirmed the launch of several models in the coming months in India but has also committed and investment of $250 million (Rs 1828 crore approximately) towards the production of four new Jeep SUVs.
This story is from the January 2021 edition of Motown India.
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This story is from the January 2021 edition of Motown India.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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