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Passenger vehicle sales grow 15 percent in July 2021

Passenger vehicle sales grow 15 percent in July 2021
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Car, SUV sales increase by 148 percent in June 2021

0 Comments After witnessing a sales setback in May due to several state-wise lockdowns amidst a second COVID-19 wave in the country, the passenger vehicle (PV) segment in India has shown a strong comeback in June, driven primarily by pent-up demand. The wholesale (factory-to-dealer despatches) numbers for the top 15 carmakers in the country have registered a 148 percent month-on-month (MoM) growth in June to sell a cumulative 2,55,674 units (May 2021: 1,03,170). While it wouldn’t be prudent to draw a year-on-year comparison as June 2020 was itself a poor month, with weak sales of 1,16,928 units due to the prevalent COVID-19 situation, there’s still a 119 percent growth.

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