Stock levels in the automobile industry at the end of July peaked to its highest ever in the last four years at 2,94,000 units, touching the previous highest stocks of September 2019.

The industry now has 30 days of stock in the pipeline. The wholesale figures in July of passenger vehicle sales stood at 3,52,492 units, a growth of 3.1 per cent over July 2022 figures of 3,41,000 units. The retail figures were at 3,35,000 units, a growth of 8 per cent over 3,19,500 units.

Industry sales from April to July 2023 stood at 13,48,466 units, a growth of 7.7 per cent, over last year’s 12,52,000 units.

Maruti Suzuki India sold a total of 181,630 units in July 2023. Hyundai Motor registered a total sales of 66,701 units in July 2023. M&M’s overall auto sales for the month of July 2023 stood at 66,124 vehicles, including exports.