Relief to the auto industry due to Corona, passenger vehicles sales increased by 45 percent in July

Amazing!  MG, Skoda, Maruti, Hyundai and Tata set a record in a month of 2,81,997 vehicles

The condition of the auto sector across the country has improved in July and the sales of vehicles have increased rapidly due to the relaxation of restrictions imposed by the states to prevent the COVID-19 epidemic.

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Wholesale sales of passenger vehicles in India increased by 45 per cent to 2,64,442 units in July from 1,82,779 units in the same month last year. According to new data from the Society of Indian Automobile Manufacturers (SIAM), wholesale sales of two-wheelers declined by two per cent to 12,53,937 units in July from 12,81,354 units in the same period a year ago.

The sales of motorcycles last month stood at 8,37,096 units as against 8,88,520 units in July 2020, i.e. a decrease of 6 percent. The sales of scooters increased by 10 percent to 3,66,292 units in July this year from 3,34,288 units in July 2020. Similarly, sales of three-wheelers increased by 41 per cent to 17,888 units last month from 12,728 units in the same month a year ago.

Total sales across all categories except commercial vehicles stood at 15,36,269 units as compared to 14,76,861 units in July last year.

Rajesh Menon, general director of SIAM, said that the automobile industry is facing huge constraints in the form of global semiconductor shortage and a steep rise in commodity prices. On the one hand, the industry is managing the challenges of such supply chains while ensuring the safety of its people. On the other hand, the industry is also keeping a close watch on the onset of the third wave in India and across the world. Menon said, “Amidst such a challenging and uncertain business environment, the industry is trying to maximize production and sales.”

Retail sales also increased in July

Automobile dealers’ body FADA recently said that auto retail sales across the country increased sharply in July due to the relaxation of restrictions imposed by the states to prevent the COVID-19 epidemic. All vehicle segments including passenger vehicles, two wheelers and commercial vehicles posted strong sales growth during this period. Total sales in July increased by 34 percent to 15,56,777 units as against 11,60,721 units in the same month last year.

Federation of Automobile Dealers Association (FADA) President Vinkesh Gulati said in a statement, “With the entire country being open, there was a strong improvement in auto retail sales in July. Demand was high in all categories. Apart from this, there is also a role of low base effect.

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