Indian car makers’ sales dip; smartphone market revives – Gulf Today

Indian car makers’ sales dip; smartphone market revives – Gulf Today

Indian car makers' sales dip; smartphone market revives

29 minutes ago

The photo has been used for illustrative purposes.

India's major car makers reported weak sales in July. However, two-wheelers and tractors off-take on a sequential basis in July showed narrowing of the de-growth rate.

Analysts said that the industry is still reeling under the impact of the COVID-19 outbreak.

Automobile major Maruti Suzuki on Saturday reported a marginal year-on-year decline of 1.1 per cent in total sales during July 2020.

Accordingly, the company's total off-take declined to 108,064 units from 109,264 units sold during July 2019. The total sales include 100,000 units off-take in the domestic market and 1,307 units to other OEM.

As per a company statement, exports during the period under review fell to 6,757 units from 9,258 units being shipped out in July 2019.

"Maruti Suzuki posted total sales of 108,064 units in July 2020. This is a growth of 88.2 per cent over June 2020 and a fall of 1.1 per cent over July 2019,“

Another automobile major Mahindra and Mahindra (M&M) reported a 36 per cent fall in its total sales during July, on a year-on-year basis.

In a regulatory filing, the company said that it sold 25,678 units, including exports, last month, compared