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Retail sales of vehicles pick up speed in June

Retail sales of vehicles pick up speed in June
Retail sales of vehicles pick up speed in June
Industry data suggests retail sales of passenger vehicles at 170,000 units in June, about 50,000 more than the estimated 116,000 cars and UVs that left factory gates.

Synopsis

Sales were down about 25% from a year earlier in June for passenger vehicle makers, after a wash-out in April when the country was in lockdown and weak sales in May when the government started easing curbs.

Mumbai: Retail sales of vehicles far outnumbered dispatches from factories to dealerships last month, suggesting a recovery in the market while also highlighting the supply constraints faced by manufacturers.Industry data suggests retail sales of passenger vehicles at 170,000 units in June, about 50,000 more than the estimated 116,000 cars and UVs that left factory gates. Some 1.2 million two-wheelers were delivered to customers in the past
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