Passenger vehicle sales drop 11% YoY, but up 4% MoM on monsoon revival

Sales of passenger vehicles and two-wheelers drop YoY in July even as two segments perform better than June

Registration of new passenger vehicles (PVs) dropped as much as 11 per cent in July to 243,183 units, from 274,772 units a year ago, according to the Federation of Automobile Dealers Associations (FADA). But the sales were 7 per cent more than June this year when 228,198 new PVs were registered.

Two-wheeler sales, too, reported a 5 per cent drop year-on-year to 1,332,384 units from 1,403,382 units; it was, however, 4 per cent more than sales in June this year (1,278,254 units). 

Commercial vehicle (CVs) sales were also in the red in July, reporting a 14 per cent drop to