கார் விற்பனையில் மந்தம்?💥To selling car brands july 2024 💥Toyota shines

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Around 3.43 Lakh passenger cars were sold in the Indian market in July 2024. The sales dropped by 2.5% over July last year and increased by a meager 1.1% compared to June 2024.


July 2024 continued to be a dull month for the Passenger Vehicle Industry and recorded subdued volumes due to the lack of fresh demand and last year's high base. Rains played havoc in multiple markets and impacted business accordingly. The drop in volumes has pushed OEMs to offer increased discounts to bring buyers to the brand. We saw Mahindra dropping the prices of XUV700 by Rs.1.5 Lakh in July'24 which was the highest discount offered on the model since launch! The production ramp-up by the OEMs has resulted in more wholesale billing (dispatch from OEMs to dealers) than retail (sale to end customer) in recent months. However, the onset of festive season in Aug'24 with Onam in Kerala shall support automakers to improve sales.