Signalling a possible healing from the COVID-19 caused shock for the automobile sector, the nation’s largest cars and truck maker Maruti Suzuki published a year-on-year growth of 1%in domestic wholesale sales in July, while Hero MotoCorp, the two wheeler market leader, inched closer to the dispatch numbers of July 2019.
However, other manufacturers such as Mahindra and Mahindra, Honda Cars and Toyota Kirloskar Motor (TKM) continued to publish a double digit decline in domestic wholesale.
Maruti posts very first loss since 2003 as lockdown hits output
Rajesh Goel, senior vice-president and director, Marketing & Sales, Honda Cars India Ltd, stated, “July was action loaded for us as we launched 3 models– New WR-V, Civic BS-6 Diesel and All-New fifth Generation Honda City, which have actually assisted us create enjoyment in the market and improve purchasing sentiment … We slowly ramped up our production to 60%of the pre-COVID level in July and despatched the entir
