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Last Updated : Aug 03, 2020 07:40 PM IST | Source: Moneycontrol.com

3 Point Analysis | Auto sales bounce back in July: Is the worst over for the sector?

Moneycontrol's Sakshi Batra does a 3 Point Analysis to find out how the various segments of the industry performed in July.

The auto sector seems to be switching gears as the July auto sales numbers indicate a bounce back. Wholesale volumes of four of India’s top five passenger vehicle (PV) makers have surged 80 percent month-on-month in July. Two-wheeler companies also posted a sharp recovery in the affordable segment.

While the growth figures are partly because of the base effect, there is a significant undercurrent of recovery in the domestic automobile sector driven by the increased need for personal mobility, particularly given the increased risk as well as continuing unavailability of public transportation mechanisms in the wake of COVID-19.

Moneycontrol's Sakshi Batra does a 3 Point Analysis to find out how the various segments of the industry performed in July.
First Published on Aug 3, 2020 07:26 pm
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