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Economy News

The Economic Times

Economy / The Economic Times

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Auto sales hit record 2.59 million units in July, rise 26% year-on-year

July saw vehicle registrations hit an all-time high, fueled by strong consumer demand after the GST cuts. Sales of two-wheelers climbed by twenty-eight percent, while other vehicle types also showed considerable improvement. Notably, rural markets outpaced urban areas in most categories. Additionally, electric vehicle sales reached new milestones within the two-wheeler and commercial sectors, and dealers are optimistic about ongoing growth leading into the festive season.

6 Aug 2026 9:45 pm