Auto sales rev up in June as States unlock Inventory build-up in anticipation of big July offtake

OUR BUREAU New Delhi, July 1 With States steadily unlock- ing, automobile companies are seeing a significant risein enquiries and bookings and stepped up dispatches to deal- ers in June. The country’s largest car- maker, India (MSIL), on Thursday reported domestic sales soaring more than three and half times to units in May. So, did ‘City’ 1,59,561 units in the previous 1,24,280 units in June com- maker dis- month. pared to 32,903 units in May. patching 4,767 units. also reported Similarly, Hyundai Motor In- factory-gate sales jumping dia (HMIL) reported sales MG, Kia retail sales up two-and-half times to 1,55,640 jumping 62 per cent to 40,496 MG Motor India said it retail units from 60,342 units in May. units in June compared with sales trebled to 3,558 units in 25,001 in May. June from 1,016 units in May. CVs, tractors too reported a Similarly, Kia India registered In the commercial vehicle and growth of 59 per cent to 24,110 retail sales of 15,015 units tractor segments, also, com- units from 15,181 in May. against 11,050 units in May. panies reported multi-fold Shailesh Chandra, President, “The last few weeks have jump in their sales on Passenger Vehicles Business shown signs of improved cus- monthly basis. Unit, Tata Motors, said, “The PV tomer sentiment, and we con- According to Mitul Shah, industry’s sequential growth tinue to be optimistic about Head of Research at Reliance momentum got adversely im- the future. We, however, re- Securities, the significant pacted in the first quarter, ow- main cognisant of the ongo- month-on-month and year-on- ing to the lockdown across the ing situation and are review- year rise across categories is country... the industry is likely ing our operations due to low base. Inventory to record strong growth num- week-on-week, evaluating built up by manufacturers in bers off a low base on a year- measures to meet the demand anticipation of strong July on-year basis.” for our vehicles,” Tae-Jin Park, sales led to better wholesale Mahindra & Mahindra’s Chief Sales and Business volumes. The tractor segment wholesale more than doubled Strategy Officer, Kia India, said. outperformed strongly with to 16,913 units in June against close to 100 per cent month- 8,004 the previous month. Two-wheelers on the move on-month growth on the back also In the two-wheeler segment, of record high farm output reported multi-fold jump in Hero MotoCorp’s wholesale and better monsoon its wholesale numbers to jumped almost three times to prospects. 8,801units compared to 707 4,41,536 units in June against Also read p2