Passenger vehicle (PV) sales numbers for the month of July 2020 are out, and the Indian auto industry seems to have made a strong recovery with the lockdown being lifted in a phased manner. Car sales showed a marked improvement on the previous month and are almost back to the same levels as a year ago.
- 1,97,523 PVs sold in July 2020, compared to 1,99,534 units in July 2019
- Maruti, Tata, Renault and MG improved on last year’s numbers
- All automakers recorded positive growth vis-à-vis June 2020
Mass-market carmakers in the country registered sales of 1,97,523 units last month, which is just one percent short of July 2019’s numbers and also a substantial 69 percent increase over June 2020’s figures of 1,16,969 units. Though only some manufacturers registered a year-on-year (YoY) growth, all companies managed to improve their performance on a…