After worse quarter, July sales indicate revival of Automobile Sector

Revival of the automobile market
Image Source: Axiom

The Automobile Sector was the worst-hit sector by COVID-19. However, for many carmakers, the pandemic seems to be an opportunity. While the decline in the use of public transport has been registered, many citizens are now preferring their own personal vehicle for travelling.

The automobile sales in July 2020 has now started making progress.

Tata motors shows a hike in sale
Image Source: Team-bhp

Many automobile companies’ data are out now. This shows a significant growth in sales when compared to the sales of July 2019. Maruti Suzuki, MG Motors, Renault India and Tata Motors have shown better performance in sales when compared to the previous year.

Tata Motors 

Tata Motors shows a promising return with an increase of around 43% in sales when compared to July 2019. The company sold around 10,485 units in total in July 2019, while the data of July 2020 shows a sale of 15,000 units approximately. Also, the market share of Tata Motors has increased in 2020 from 5.6 percent to 7.6 percent when compared to July 2019.

Maruti Suzuki

Always being on the top, Maruti Suzuki in India shows a slight increase of 1% in sales. The sold units were 96,478 in July 2019. Meanwhile, in July 2020 Maruti Suzuki sold around 97,768 units in total.

MG Motors

MG Motors according to their sales figure announced a 40% growth in the sales figure. The company sold around 1,508 units in July 2019 as compared to 2,105 units in July 2020.

Renault India

With the entry-level cars, Renault India shows the highest sales growth. The Renault Kwid and Renault Triber being the highest selling vehicles show a promising growth of around 75% in the sales figure. The sales figure for July 2019 was 3,660 units. While the July 2020 sales figure stands high at 6,400 units.

Kia Motors launched its first vehicle the Kia Seltos in August 2019. The company becomes the fastest carmaker to reach 1,00,000 sales in just 11 months. Kia Motors sold around 8,502 units of both the Kia Seltos and Carnival last month.

Hyundai, Honda, Mahindra, Toyota, and Ford showed a de-growth. Automobile Sector is still in a revival stage as many carmakers showed a decline in the sales as compared to July 2019. However, the figures released by many auto giants shows a better future for the Automobile Companies while the pandemic is still going on.

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