Two-wheeler makers reported a brisk month-on-month sales and narrowed the year-on-year decline in July substantially, the sales data released by two-wheeler companies on 1 August revealed.
Fuelled by the need of personal transportation amid the pandemic, cumulative sales of Hero Moto Corp, Honda Motorcycle and Scooter India (HMSI), TVS Motor and Royal Enfield increased to 769,045 units in July from 632,349 units in June.
The year-on-year decline also narrowed to 4.4 per cent in July from the high double-digit decline in the previous month. Auto companies in India report dispatch to dealers as sales. The sequential recovery for three straight