Maruti, Hyundai & Tata sales fall, Mahindra & Toyota gain in June
The Indian auto industry has been witnessing a decline in sales for several months now, and the trend continued in June as well. According to the latest data, Maruti Suzuki, Hyundai Motor India, and Tata Motors saw a decline in their sales, while Mahindra & Mahindra and Toyota Kirloskar Motor recorded growth.
Maruti Suzuki, the largest carmaker in India, saw a decline in its domestic passenger vehicle sales by 13% year-on-year (YoY) in June. The company’s sales across all segments except mid-size sedans declined, which was a major concern for the company. Maruti Suzuki’s overall sales in June stood at 1,14,956 units, down from 1,31,126 units in the same month last year.
Hyundai Motor India, another major player in the Indian auto market, also recorded a decline in its domestic dispatches in June. The company’s dispatches, which include both passenger and commercial vehicles, declined by 12% YoY in June. Hyundai’s total dispatches in June stood at 44,011 units, down from 50,135 units in the same month last year.
Tata Motors, which is struggling to regain its lost ground in the Indian auto market, saw a decline of 15% YoY in its passenger vehicle sales in June. The company’s passenger vehicle sales in June stood at 23,123 units, down from 27,146 units in the same month last year.
On the other hand, Mahindra & Mahindra, a leading utility vehicle manufacturer, saw a significant growth in its sales in June. The company’s utility vehicle sales, which include SUVs, MPVs, and vans, grew by 18% YoY in June. Mahindra & Mahindra’s total sales in June stood at 36,544 units, up from 30,931 units in the same month last year.
Toyota Kirloskar Motor, another major player in the Indian auto market, also recorded a growth in its sales in June. The company’s sales grew by 5% YoY in June, driven by strong demand for its SUVs and compact cars. Toyota Kirloskar Motor’s total sales in June stood at 12,847 units, up from 12,226 units in the same month last year.
The decline in sales of Maruti Suzuki, Hyundai Motor India, and Tata Motors can be attributed to various factors, including high competition in the market, increasing prices of vehicles, and a decline in consumer confidence. The sales of these companies have been declining for several months now, and it seems that the trend is likely to continue in the near future.
On the other hand, the growth in sales of Mahindra & Mahindra and Toyota Kirloskar Motor can be attributed to their strong product offerings, including SUVs and compact cars. These companies have been expanding their product lines in recent years, and their sales have been growing as a result.
In conclusion, the Indian auto industry continues to face challenges, and the sales of Maruti Suzuki, Hyundai Motor India, and Tata Motors declined in June. However, Mahindra & Mahindra and Toyota Kirloskar Motor recorded growth in their sales, driven by their strong product offerings. The industry is likely to continue facing challenges in the near future, and it remains to be seen how the companies respond to these challenges.
