CV sales improve in July, e-commerce gives a boost

The second wave of the Covid-19 pandemic has started receding in several parts of the country, and many states have lifted local lockdown measures, which have been in place for many months. This has led to an improvement in economic activities and in turn auto retail sales across segments, albeit in varying percentage levels. Passenger vehicle sales saw strong month-on-month growth, thanks to pent-up demand and also an uptick in sales from rural India.

The commercial vehicle sector, which has borne the brunt of the lack of demand even before the pandemic broke, was feeling the heat of ...