Green shoots of recovery seen in PVs, July sales bring the smiles back
With cumulative sales of 14 OEMs at 198,310 units, the 99 percent market recovery to July 2019 sales indicates the buzz is back in the passenger vehicle market.
02 Aug 2020
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Finally, the buzz is back in the passenger vehicle (PV) industry. After months of depressing news, pandemic-induced loss of demand, truncated manufacturing operations due to lockdowns and social distancing, the uptick in monthly sales as announced by most PV manufacturers in their July numbers comes as welcome news.
A fortnight ago, apex industry body SIAM had released the Q1 FY2021 (April-June 2020) sales numbers and the picture looks grim to say the least. With all vehicle segments and 13 sub-segments badly in the red and overall industry numbers down year on year by a massive 75%, India Auto ...
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