China in 10 years decline..? What about india ..?

Overall vehicle sales for april fell nearly 48% as factories and showrooms remained fully open due to the Corona lockdown in China. Trade has been severely hampered by the gradual imposition of strict controls by the Chinese government in shanghai and other cities since april to control the spread of corona infection. But only china continues to implement its zero Govt policy.
Thus the measurements of Chinese economic growth have been greatly affected. On Wednesday, China's Automobile Manufacturers Association (CAAM) released sales data for passenger cars and commercial vehicles in china in April. Retail sales of passenger cars alone fell nearly 36 percent in april, according to the CAAM organization. Overall, vehicle sales fell 12% in the first four months of 2022. Sales of electric vehicles and plug-in hybrid cars also rose 45% in april and doubled sales in the first four months of the year to 2021.Automobile sales in india fell by 10.59 percent in april due to a sharp decline in car sales in india, according to data from the Automobile Manufacturers Association of india (SIAM) on Wednesday. Passenger cars, three-wheelers, and two-wheelers sold 1,270,604 units in april 2021, compared to 1,421,241 units in april 2022, an increase of 12% over wholesale sales.

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china decline in 10 years

Sowmiya Sriram

12/05/2022 05:05 PM