Auto Sales Report July 2022: Toyota breaks their sales record

Auto Sales Report July 2022: Toyota and Maruti Suzuki showed positive growth, while Kia and MG Motors shows a negative trend. Check out the Auto sales report July 2022 insights

Auto sales showed positive trends in July 2022, indicating that companies have finally alleviated the Semiconductor shortage-induced production hurdle. Experts suggest that this improvement can be affected by any unprecedented hike in interest rates or commodity price inflation.

Considering the semiconductor crisis, most manufacturers have been able to improve their production rate and are doing it decently. Tata and Toyota, both recorded their highest-ever monthly sales, while Kia, Skoda and Mahindra recorded significant growth rates. However, Kia alongwith MG motor reported lower monthly sales.

India’s leading car manufacturer Maruti Suzuki showed positive growth, whereas Toyota registered