Sales momentum back in July, OEMs eye August numbers

Despite the global semiconductor shortage that is severely impacting automobile production the world over, the Indian automobile industry registered good volumes in July 2021.

As per the data released by the Society of Indian Automobile Manufacturers (SIAM), the overall sales at 1,536,267 units across the passenger vehicle (PV), two-wheeler and three-wheeler segments registered a 4 percent year-on-year (YoY) growth compared to 1,476,861 units sold in July 2020. What’s even more impressive is that on a month-on-month (MoM) basis, there is a notable 18 percent uptick over June 2021’s 1,296,807 units.

Passenger vehicles: (264,442 / +45%)
While PVs sold ...