January auto sales preview: Street expects weak demand recovery for two-wheelers

January auto sales numbers are set to release tomorrow on February 1, 2022.

The month of January has been a complete mixed bag. The sector has gotten hit the hardest is two-wheelers and that continues. So the demand has been under pressure in the two-wheeler space as inventory has piled up. That entire pocket will see a fall of anywhere between 10 percent and 15 percent year on year (YoY).

In the passenger vehicle (PV) space, the semiconductor shortage issue has been abated a bit, so there will be a recovery in that space – just about 0-7 percent growth, which is flat to about high single digit growth in this sector is expected.