Consumer sales swell as demand crowds unlocked markets
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Sales of these categories increased 30-40% from the same period of June, manufacturers and dealers said. These also expanded 10-20% despite a strong base last year, when pent-up demand after a long lockdown had driven up sales.
Agencies
Sales have been strong in large-ticket or discretionary products as well, from mobile phones and home appliances to cars.
From groceries to smartphones, refrigerators and cars, sales of essential goods and discretionary items in the first two weeks of July rose at the fastest pace in a year, as concerns over the pandemic eased and most states including several in the south unlocked their markets.
80% of outlets now open: Vehicle buying ready to move into higher gear indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
SIAM finds itself in a tangle, releases inaccurate data then revises it
SIAM on Friday released inaccurate industry sales data for November with inflated numbers for Maruti Suzuki and later revised it
Sumant Banerji | December 11, 2020 | Updated 21:55 IST
SIAM collates and releases auto sales data every month
KEY HIGHLIGHTS:
SIAM revises it later to 4.65%
The error due to inflated numbers of units attributed to Maruti Suzuki
Maruti s over 50% market share led to a wild swing in industry figures
Sales indicate festive cheer is wearing off. In October, growth was 14.2%
Automotive industry body Society of Indian Automobile Manufacturers (SIAM) found itself in an embarrassing position on Friday when it had to revise industry sales data for November after it released inaccurate figures with inflated sales numbers for Maruti Suzuki, India s largest car maker.