In keeping with the growth momentum, retail sales of automobiles in July posted a 10 per cent year-on-year (Y-o-Y) increase, with 1.77 million units sold, though they declined 5 per cent month-on-month (M-o-M) mainly due to heavy rain.
Three-wheelers took the lead with a record growth rate of 74 per cent Y-o-Y, according to the Federation of Automobile Dealers' Associations (Fada).
However, except threewheelers, which recorded 9 per cent growth, all other categories dipped M-o-M. Three-wheelers hit record sales in July at 94,148 units, surpassing the previous best of 86,857 units in March this year.
"It has been a good month. The best news is two-wheeler sales, which were lagging," said Manish Raj Singhania, president, Fada.
"Three-wheelers have recorded a historic hike. M-o-M July is normally the leanest for us due to rain. We are seeing excessive precipitation."
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