The monsoon rains in most parts of the country continue. This way, the government and the various industry-related businesses people are happy, but the nation’s car companies have not fully been terminated.
Indeed, in July, the last month has seen a remarkable increase in domestic sales of cars.Maruti, Hyundai, Ford, Mahindra, Renault’s car sales have plenty up.Now, companies feel that good monsoon will yield better.More people buy cars and two-wheelers in the rural market.Another significant monsoon excited because the car companies, the Seventh Pay Commission that government employees get salary increases.
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Car Dealers are Happy in This Year’s Season
According to the order of the central government, the first installment of arrears of salary is set to be given to employees in August. This is expected to impact car sales, potentially causing a dip in demand. Many companies are attempting to counter this by offering employees better options, making car purchases easier and more accessible.
In July, the country’s largest carmaker, Maruti Suzuki, sold 125,778 cars. The momentum was largely sustained by the success of the Cross and Brezza models launched last year, while the Ertiga has seen a steady increase in sales. Maruti’s small cars are well-known, but their sales have declined by seven percent. Compared to July 2015, however, the overall sales figure is nearly 14 percent higher. The company has never sold so many cars in a single month before.
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