In July, India’s Light Vehicle (LV) wholesale figures increased by 9% month-on-month (MoM) to 398k units, translating to a modest 2% year-on-year (YoY) rise. This total consisted of 339k Passenger Vehicles (PVs) and 59k Light Commercial Vehicles (LCVs) with a gross vehicle weight of up to 6T, with PV volumes expanding by 8% MoM and 1% YoY, while LCV sales surged by 13% MoM and 8% YoY. Source: GlobalData Despite lackluster demand in urban markets, volumes were significantly bolstered by rural areas of t ...