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Demand for SUVs, electric vehicles boost auto sector sales in July

The July sales performance indicates that demand for sport utility vehicles continues to drive growth in the domestic passenger vehicle market, while rising exports and strong electric vehicle sales are providing additional momentum for automakers

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Representational Image. Pic: Pexels

Representational Image. Pic: Pexels

India's passenger vehicle industry witnessed robust growth in July as leading automakers posted strong year-on-year sales on Saturday, led by sustained demand for SUVs, a sharp rise in electric vehicle sales and healthy export momentum. 

Hyundai Motor India posted its highest-ever monthly sales since inception at 75,360 units in July -- a 25.4 per cent year-on-year growth. Domestic sales rose 23.3 per cent to 54,210 units -- its best-ever July performance -- while exports climbed 31.4 per cent to 21,150 units, the company's highest monthly export volume in more than 100 months.

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