Roundup: Car sales start picking up in India as Unlock-3 begins

0 Comment(s)Print E-mail Xinhua, August 1, 2020
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by Pankaj Yadav

NEW DELHI, Aug. 1 (Xinhua) -- Car sales have started to pick up in India as lockdown restrictions are being eased, overall economy is opening up, and the country is entering into Unlock-3 phase on Saturday.

Most of the car manufacturing companies in the country posted a significant rise in their sales during July compared to the previous month (i.e. June). Production of cars has reached nearly 60 percent of pre-lockdown level, said sources in the auto sector.

The country's car major Maruti Suzuki posted total sales of 108,064 units in July, which said to be a growth of 88.2 percent over June and a fall of 1.1 percent over July 2019.

This includes domestic sales of 100,000 units and 1,307 units for other original equipment manufacturer (OEMs) in the domestic market. Besides, the company exported as many as 6,757 units during July.

In a statement, the company stated that all production and sales continue to take place fully consistent with all safety requirements for employees and customers.

Honda Cars India Limited (HCIL), another leading manufacturer of premium cars in the country, sold 5,383 units in domestic market during July, compared to 1,398 units sold in June.

The company had sold 10,250 units in July last year.

Reacting to the improvement in sales, HCIL's Director (Marketing & Sales) Rajesh Goel said "We gradually ramped up our production to 60 percent of pre-COVID level in July and despatched the entire available factory stock with us, registering a sequential growth of 285 percent over June."

He further said that the rise in demand is surely leading to month-on-month recovery for car sales. "With festive season ahead of us, we are quite positive about the industry getting back on track gradually," he added.

In a statement issued on Saturday, HCIL said it is gradually ramping up its production while exercising utmost caution and the highest safety protocols in both its manufacturing plants.

During the Unlock 2.0 phase (in July), the company launched three new models which had got postponed due to COVID-19 lockdown. Enditem

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