Auto Sales Show Subsequent Uptrend In June
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Bhubaneswar, July 2 -- New Delhi: India's major automobile players reported a sequential uptrend in June, as the rate of sales de-growth decelerated. Accordingly, two-wheelers and tractors off-take on a sequential basis in June showed narrowing of the de-growth rate.
However, analysts said that the industry is still reeling under the impact of the Covid-19 outbreak.
On a company-specific basis, automobile major Maruti Suzuki reported a year-on-year decline of 54 per cent in total sales in June 2020. The company's total off-take declined to 57,428 units from 1,24,708 units sold in June 2019.
The total sales included 52,300 units off-take in the domestic market and of 839 units to other OEMs. Exports during the period under review fell t...
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