Sales growth momentum slowed down from July to August but was faster on a year-on-year basis due to the base effect.
India’s major automobile manufacturers posted healthy sales numbers for August despite high fuel cost as well as shortage of electronic components. Sales growth momentum slowed down from July to August but was faster on the year-on-year basis due to the base effect.
Last year, the pandemic-triggered national lockdown from late March 2020 had a massive impact on the sector. However, this year lockdowns were more regional in nature but lesser restrictions. Nevertheless, high fuel cost along with shortages of electronic components hampered sales and elongated waiting periods.
In terms of sales, auto major Maruti Suzuki’s total off-take in August rose to 130,699 units from 124,624 units sold during the corresponding month of last year.
The total sales in the month included domestic sales of 105,775 units, off-take to other OEM of 4,305 units, and exports of 20,619 units.
