Passenger vehicle sales in June down 54% but recovery sharper than expected

Finally, a full month of sales for India Auto Inc. After a washed-out April and a truncated May, June 2020 saw OEMs and their dealers function, in different states of readiness, for the entire month. Understandably, given the ongoing pandemic, some states still in lockdown mode, depressed consumer sentiment and vehicle logistics still to shape up fully, the total numbers across segments will not be worth shouting about. What’s worth is that the positivity is back and the June numbers show marked improvement over May.

Looking at the passenger vehicle (PV) segment, total sales across 13 OEMs in June, ...