TOKYO – The Indian auto market gave the impression of shaking the coronavirus last month, with nearly 183,000 new cars sold 3 months after dealers desperately sought to sell cars due to the national shutdown.
According to the India Automobile Manufacturers Society, sales of new passenger cars in July amounted to 182,779 units, only 4% less than last year. The figures correspond to deliveries to distributors.
The month’s count is about the same as the 180,000 cars delivered between April and June, representing a 80% turn of fate compared to the previous year.
National leader Maruti Suzuki reported 0 sales in April due to the blockade. But Maruti Suzuki, a majority owned by Suzuki Motor, sold about 98,000 cars last month, 1% more than last year.
MG saw its sales increase by 40%. The British manufacturer, which is owned by Chinese company SAIC Motor, entered the Indian market last year. Renault posted a 75% profit.
However, not all players have come out of the hole. South Korea’s Hyundai Motor, currently in place, lost 2% in July, while Japanese car manufacturers Toyota Motor and Honda Motor saw their monthly sales drop by nearly 50%.
The India Automobile Manufacturers Society, which published the knowledge on Tuesday, collects monthly figures for passenger and advertising cars, as well as for two and three wheels. But the organization stopped adding advertising cars on its outings since June after Tata Motors stopped publishing its monthly sales figures. Tata’s national advertising car percentage exceeded 40%.
Although vehicle sales figures are improving, it is too early to say that the recovery is sustainable due to the deterioration of the Indian economy.
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