Demand revival puts auto sales in top gear, Maruti posts 50% growth

Analysts tracking the sector said that they expect auto sales to be strong in the second half of the financial year

Auto sales, a key indicator of the macro economy, showed significant growth in July, with passenger vehicle volumes improving on the back of a healthy order book and an uptick in enquiries and bookings in urban and rural areas. The wage revisions for government employees have also likely aided demand.

India’s largest carmaker, Maruti Suzuki, posted total sales of 162,462 units in July 2021 as against 108,064 units during the same period last year, registering a 50 per cent growth. The company’s total sales in the month include domestic sales of 136,500 units, sales of 4,738 units to other Original Equipment