Weakness in the China market has hurt global automakers that are looking to China to propel sales growth.
After a very discouraging first quarter (Q1FY21), Indian automakers have recorded a major revival in their July sales numbers.
June sales of gasoline-electric hybrid and pure-electric vehicles fell 33.1% from a year earlier to 104,000, according to CAAM.
At the end of the June many companies indicated utilisation touching 70-90 per cent of pre-COVID level.
The company further said its total two-wheeler sales were down 69 per cent at 1,12,798 units as compared to 3,65,068 units in the year-ago month.
The two-wheeler sales in the domestic market were at 1,57,796 units last month against 203,358 units in January 2019, down 22.4 per cent.
The sharp drop came even as the industry was offering best offers to uplift sentiment and combat slowdown.
Despite a host of year-end discounts on passenger vehicles (PVs), its sales declined 1.2 per cent to 235,786 units in December, according to the data released by SIAM.
In the commercial vehicle segment, the company sold 17,384 units in November as against 19,673 units in the same month a year ago, down 12 per cent.
Major automobile makers today reported robust sales growth across segments driven by price reductions and restocking of vehicles at dealerships post GST implementation.