The retail sales of both passenger vehicles and two -wheelers fell during the month, while the sale of commercial vehicles remained flat. The only exception was a double digit increase in the sale of tractor, thanks to abundant rains and robust crops.
The retail trade is counted as vehicle registrations. Data collected by dealers Lobby Group Federation of Automobile Dealers’ Associations (FADA) of the Vahan Portal of the Ministry of Road, Transport and Highways (MORth) showed around 2 million vehicles in different categories in July 2024.
While the turnover of two wheels in the year old fell to 1.36 million units in July of this year, the sale of passenger vehicles fell by approximately 1% to 328,613 units. The sale of commercial vehicles was largely flat at 76,439 units last month, while tricycle by 0.8% grew to 111,426 units.
Tractors beat the modest industrial trend and booked a turnover increase of 11% at 88,722 units.
“After three consecutive months of growth, the Indian car addict sector applied the brakes in July, with the general stores with 4.31% yoj,” said CS Vigneshwar, president of FADA. “This pullback comes largely from a high-base effect in July 2024, when an extreme heat wave was immediately followed by excessive rainfall, so that volumes were limited before a rebound later that month.” In the two -wheeler segment, crop saturation activity and long -term heavy rainfall in the countryside larger than Urban. Dealers are nevertheless trust in a Na-Monsoon Uptick, with various purchasing decisions postponed until August prior to the festive season, Vigneshwar said. In the segment of the passenger vehicle, rural markets, the Urban performed. Dealer inventory is currently approximately 55 days.
While Maruti Suzuki retained his leadership of the domestic car market, Hyundai Motor India Mahindra and Mahindra defeated to reclaim the second lock. Hyundai’s store sales last month was 43.009 units, prior to the 42,207 units of M&M.
In July, the CV turnover increased by 0.2% led by a momentum in urban markets. Dealers said that New model launches, aggressive marketing support, bulk institutional orders and timely availability of shares helped to stimulate sales. “The demand for the countryside, however, remained fragmented in the midst of heavy rainfall, seasonal softness in cement, coal and construction logistics and slower financier payouts, so that many buyers postpone purchases to the period after noon,” said Vigneshwar.
The sale of tractor grew with a robust 11%, helped by timely release of improved agricultural subsidies and favorable monsoon rains.
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