Most car manufacturers like Maruti, Hyundai, Tata Motors, M&M reported single to high double digit growth in their car sales in July due to the supply of semi conductor chips. Other companies like Kia , Toyota, Honda, Skoda also reported robust growth in sales which is said to be recorded as the highest ever passenger vehicle wholesales in July.
Sales at Maruti rose 6.82% says the marketing and sales of Maruti, and overall sales stood at over 3.42 lakh units last month as compared with 2.94 units in July 2021. They also mentioned that this is the highest sales to be recorded by the company till date.
Sales at M&M rises to 33% to 23,053 units against 21,046 the previous year.
Hyundai Motors, India's second biggest carmaker said its sales were 5.1% higher at 50,000 units last month against 48,042 units sold in July last year. The increase in the supply of semi conductor chips in the market has shown a positive trend.
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