Auto industry on growth path, 3-wheelers sputter

Companies, which had postponed dispatches in June, sold higher volumes in July

Three of the four key segments of the automobile industry reported double-digit growth in sales in July as dealers replenished stocks. Dealers had stopped building stocks in the second half of June so as to avoid transition losses arising out of the goods and services tax that came into effect from July 1. Accordingly, June was a month of decline.
 
Companies that had postponed dispatches in June sold higher volumes in July. Sales of passenger vehicles (cars, vans and utility vehicles) rose more than 15 per cent to 298,997 units as most companies, including Maruti Suzuki, M&M, Toyota and