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Goa extended lockdown in the country

GOA: The extended lockdown in the country has Goa’s automotive sector facing the twin fears of a supply and demand crunch. Goa Auto Dealers Association (GADA) said that demand for vehicles has picked up, especially in the entry segment and the mid-range, but a full recovery was still a few months away.

Automobile sales on an average are at just 30-35% of the pre-Covid sales when Goa would see 1,800-2,000 cars sold in a month and 4,000-6,000 two-wheelers. “Sales are comparatively bad,” said GADA president Prashant Joshi. “Our hope is that things will pick up for Ganesh Chaturthi.”

Ganesh Chaturthi falls on August 22, and the festival sees maximum sales for the auto sector. Chaturthi is a bumper period for two-wheelers and four-wheelers and kickstarts the entire festive season that keeps sales churning till New Year. “If this year it comes up to around 60-70% of earlier years or so then it will be good enough.”
According to industry insiders, in June sales of entry-level cars up to Rs 7 lakh showed the most demand at 50% of earlier levels, while the mid-segment remains at 20% of pre-Covid sales. Sales of two-wheelers have bounced back to 70% as demand for personal transportation grew due to safety issues.