Well i would still not go into jubilation with Auto sales figures for primarily two reasons
1.April-May was zero sales as all showroom were closed , Plus April was when BS6 Implementation kicked in , So lots of cars which were booked in March would have got delivered in June when showrooms got open.So there is good chance of backlog orders rolling into next 3 months which is what August sales numbers look.
2. BS4 to BS6 there was still lots of old stock left out which dealers had to register and then sell it off so those numbers may be coming in the last 3 months
So i will wait and see the real growth numbers from now as September to November is always the peak season for Auto sales both 2 & 4 wheelers . If manufacturers are able to up their production levels to full capacity and then bring the stocks to match demand then we are in for some recovery
Indian Automobile industry is major contributor for our industrial growth in economy .
Also tractor sales is looking good in all last 3 months .
2.3L is pre-covid figure... super!