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The total wholesales across categories, excluding commercial vehicles, declined to 1,586,873 units last month, compared to 1,790,115 units in August 2020.
The country's largest two-wheeler maker Hero MotoCorp on Wednesday reported 22 per cent dip in total sales at 453,879 units in August as compared with same month last year
Suzuki Motorcycle India Pvt Ltd (SMIPL) on Monday reported an over two-fold increase in total sales at 73,083 unit sales in July 2021
The country's largest two-wheeler maker Hero MotoCorp on Sunday reported a 13 per cent dip in total sales at 454,398 units in July
Bajaj Auto on Monday said it sold 1,34,471 units of two-wheelers and commercial vehicles in the domestic market in April
The pace of volume recovery could be key in the coming quarters
Its ability to make further inroads into premium bikes, scooters will be critical
The increase came on back of last year's low base
Hikes come at a time when boost in some categories from pent-up demand and festive spending fades, and the economic impact from the pandemic reasserts itself, rating agency says
Govt would look into the auto industry's demand for lowering the tax rate on two-wheelers, said Sitharaman
Domestic sales in July this year were at 1,58,976 units as against 2,05,470 units, down 23 per cent
Domestic sales were at 37,925 units, as against 49,182 units in the same month last year, down 23 per cent
In April-June, the company sold 1,85,981 units in the domestic market, down 69.55 per cent from 6,10,936 units in the same period last year
The monsoon rainfall recorded a timely onset and rains covered the entire country well ahead of the normal date
Mahindra & Mahindra Farm Equipment Sector's domestic sales in June saw a surge of 12% to 35,844 units, as against 31,879 units in June 2019.
Credit profile of two-wheeler makers may remain strong despite moderation in earnings; demand weakness in domestic market has been partially offset by healthy export growth
Weighed down by an economic slowdown and increase in axle load - 30% additional capacity - major CV companies are expected to report a decline of around 20% in sales volumes in October 2019
This is the last-ditch effort by automakers to shore up sales in a financial year that has been marked by poor purchases and production cuts
However, the company said that the sales in August 2019 were 4 per cent higher than the sales of July, 2019 - 279,465 units