Monday, August 9, 2021

India auto retail sales up 34% in July as Covid-19 restrictions ease

 Passenger vehicle sales rose by 63 per cent to 2,61,744 units last month, as compared to 1,60,681 units in July 2020.


Automobile retail sales in India came back strongly in July with the opening of dealerships across the country as COVID-led restrictions were eased in the affected states, dealers' body FADA said on Monday.

All vehicle segments, including passenger vehicles, two-wheelers, and commercial vehicles reported robust sales growth last month.

Total sales saw an increase of 34 per cent to 15,56,777 units in July, as compared to 11,60,721 units in the same month of last year.

"With the entire country now open, July witnessed robust recovery in auto retails as demand across all categories remained high. Besides, the low base effect also continues to play its part," Federation of Automobile Dealers Associations (FADA) President Vinkesh Gulati said in a statement.

Passenger vehicle sales increased by 63 per cent to 2,61,744 units last month, as compared to 1,60,681 units in July 2020.

Gulati noted that the segment witnessed robust demand with buzz around new launches and compact SUV models.

However, long waiting periods due to supply-side constraints continue to persist for the last few months and are becoming a cause of concern for original equipment manufacturers (OEMs), he added.

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