Maruti, Hyundai & Tata sales fall, Mahindra & Toyota gain in June
The Indian auto industry has been witnessing a decline in sales for some time now, and the trend continued in June as well. Three of the largest automakers in the country, Maruti Suzuki, Hyundai Motor India, and Tata Motors, saw their sales decline year-on-year (YoY) in the month of June. On the other hand, Mahindra & Mahindra and Toyota Kirloskar Motor managed to buck the trend and post positive growth.
According to the latest figures released by the companies, Maruti Suzuki saw a YoY decline across all segments except mid-size sedans. The company’s domestic passenger vehicle sales declined by 13% YoY to 1,13,454 units in June. Maruti’s overall sales, including exports, stood at 1,37,796 units, down 12% YoY.
Hyundai Motor India also recorded a decline in domestic dispatches, with a YoY drop of 12% to 43,000 units. The company’s overall sales, including exports, stood at 54,000 units, down 10% YoY.
Tata Motors was the third major automaker to post a decline in passenger vehicle sales, with a YoY drop of 15% to 26,044 units. However, the company’s overall sales, including commercial vehicles and exports, stood at 1,02,454 units, up 4% YoY.
On the other hand, Mahindra & Mahindra saw a significant increase in utility vehicle sales, with a YoY growth of 18% to 24,445 units. The company’s overall sales, including commercial vehicles and exports, stood at 43,445 units, up 10% YoY.
Toyota Kirloskar Motor was the only other major automaker to post a positive growth in sales, with a YoY increase of 5% to 12,138 units. The company’s overall sales, including exports, stood at 13,444 units, up 5% YoY.
The decline in sales for Maruti, Hyundai, and Tata can be attributed to various factors such as high base effect, weak demand, and increased competition in the market. The Indian auto industry has been facing a slowdown for some time now, and the decline in sales is a reflection of this trend.
On the other hand, Mahindra’s growth in utility vehicle sales can be attributed to the increasing popularity of its SUVs, such as the XUV500 and the Bolero. Toyota’s growth in sales can be attributed to the success of its models such as the Innova and the Fortuner.
The decline in sales for the Indian auto industry has been a major concern for the government and the industry players. The government has been trying to boost demand through various measures such as incentives for buyers and increased spending on infrastructure development. The industry players are also trying to boost demand through various marketing campaigns and by introducing new models.
In conclusion, the Indian auto industry saw a decline in sales for Maruti, Hyundai, and Tata in June, while Mahindra and Toyota managed to buck the trend and post positive growth. The decline in sales can be attributed to various factors such as high base effect, weak demand, and increased competition in the market. The industry players are trying to boost demand through various measures, and it remains to be seen whether these efforts will be successful in reviving the industry.
