Auto sales (passenger cars plus light commercial vehicles-LCVs) increased by 39.94% y/y in July to 83,836 units with passenger car sales rising by 38% y/y and LCV sales up 47.5% y/y, said the Automotive Distributors’ Association (ODD) on August 5.
In July, 64,218 passenger cars and 19,618 units of LCVs were sold in the domestic market.
The pace of growth in auto sales slowed to 39.94% in July from 43.21% y/y in June, 40.3% in May, and 72% y/y in March, showed data from the ODD.
In the first seven months of the year total auto sales increased by 47% y/y to 516,386 units. 392,064 passenger cars were sold in January-July, representing a 44% y/y increase, while LCV sales rose by 67.1% y/y to 124,322 units.
The ODD forecasts auto sales to be between 900,000 and 950,000 units this year.
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