Car sales in July ride on green shoots of recovery
OEMs benefit from pent-up demand after lifting of second round of lockdowns as well as bountiful monsoon that has triggered rural bounce-back.
02 Aug 2021
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In what is welcome news for the Indian passenger vehicle industry, sales in July 2021 have registered a strong increase in volumes. Clearly, they are benefitting from the pent-up demand after the second Covid wave-induced lockdowns earlier this year, as well as a good monsoon that is getting rural demand back on track.
PV market leader Maruti Suzuki India’s sales, at 133,732 units and a year-on-year increase of 37 percent (July 2020: 97,768 units) indicate that the marketplace momentum is returning. Industry experts tell that despite the high petrol and diesel prices, the need for personal mobility over public transport ...
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