India’s two largest carmakers post strong sales numbers

INDIA’S two largest carmakers post strong sales numbers on Sunday, November 1, giving hope to the country’s ailing economy ahead of its festival period.

The country’s biggest automaker, Maruti Suzuki, reportedly sold 182,448 vehicles in October 2020, which is an increase of nearly 19% over the same period last year, despite the company being hit hard in late March by a months-long lockdown.

In fact, business was so bad during that period that the company reported a quarterly loss in July representing the first time that has happened since its listing in 2003.

India’s second-largest carmaker Hyundai said that it also recorded its highest-ever domestic sales last month, selling 56,605 vehicles.

The previous highest monthly sales were in October 2018, when it sold around 52,000 cars.

With the pandemic shutdown leading to pent-up demand, some Indian businesses expect a boost in sales during the country’s largest shopping season, which is spread over the festival period of October and November.

Thank you for taking the time to read this news article “India’s two largest carmakers post strong sales numbers”. For more UK daily news, Spanish daily news and Global news stories, visit the Euro Weekly News home page.

Euro Weekly News is delighted to continue be able to bring you a range of News from around Spain in English and Global News live as it happens.

Euro Weekly News doesn’t cost you anything but your internet connection. Whether it’s bringing you the local Spanish news or the International news today, we’ve got you covered!

Euro Weekly News, the leading free local and national newspaper in Spain, the people’s paper, we lead others follow!

FacebookTwitterRedditWhatsAppTelegramLinkedInEmailCopy Link
Go Back
Written by

Matthew Roscoe

Originally from the UK, Matthew is based on the Costa Blanca and is a web reporter for The Euro Weekly News covering international and Spanish national news. Got a news story you want to share? Then get in touch at [email protected]


    Leave a comment

    Your email address will not be published.