Auto sales may dip by up to 25% in FY21, sharpest decline in 2 decades: Ind-Ra

The rating agency expects two-wheeler sales to decline by 20-22 per cent, PV by 22-26 per cent, light commercial vehicle (LCV) by 26-30 per cent and MHCV by 35-45 per cent year-on-year in 2020-21. Also, monthly sales volume may not return to the pre-COVID levels before mid-2021-22, Ind-Ra said.

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