Passenger vehicle sales up 45% in July 2021
Sales of passenger vehicles rose 45% to 264,442 units last month, albeit on a low base, driven by pent-up demand as more and more states eased restrictions imposed to check the spread of the second wave of the pandemic.
As per data available with the industry body Society of Indian Automobile Manufacturers (SIAM), as many as 182,779 passenger vehicles were sold in the local market in the year-ago period. The sales numbers do not include wholesale volumes of Tata Motors NSE 3.42 %, which has stopped reporting data on a monthly basis to SIAM.
Sales of two-wheelers in the month under review declined 2% to 12,53,937 units compared to 12,81,354 units sold in the corresponding period of the last financial year. While sales of scooters went up 9.6% to 366,292 units; those of motorcycles dipped 5.8% to 837,096 units.
Three-wheeler sales last month stood at 17,888 units – up from 12,728 units in July 2020.
Source: Economic Times
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