Auto Sales Rev up in June As States Unlock Inventory Build-Up in Anticipation of Big July Offtake
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 significant risein enquiries and bookings and stepped up dispatches to deal- ers in June. The country’s largest car- maker, Maruti Suzuki 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 Honda Cars India dis- month. pared to 32,903 units in May. patching 4,767 units. Bajaj Auto 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 Tata Motors 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.
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