August sales a harbinger of better times for Indian car makers

August 2020 has turned out to be quite an august month for the Indian passenger vehicle industry. The month has delivered the best-performance yet in the ongoing fiscal and is a harbinger of better times to come for the industry.  Cumulative sales data from 15 OEMs reveals the industry despatched a total of 234,478 units in August, which is a good 19% year-on-year growth (August 2019: 196,383). August 2019 numbers, it may be recollected, were an all-time low for PV makers. Importantly, the month-on-month growth is also maintaining the same pace at 19 percent.  

The bellwether of ...