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 unlocking, automobile companies are seeing a significant rise in enquiries and bookings and stepped up dispatches to dealers in June. The country’s largest carmaker, 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. Similarly, Hyundai Motor In- dia (HMIL) reported sales MG, Kia retail sales up Bajaj Auto also reported factory-gate sales jumping 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, comunits from 15,181 in May. against 11,050 units in May. Shailesh Chandra, President, “The last few weeks have jump in their sales on Passenger Vehicles Business shown signs of improved cus- monthly basis. panies reported multi-fold <ul style="display: flex;"><li style="flex:1">Unit, Tata Motors, said, “The PV tomer sentiment, and we con- </li><li style="flex:1">According to Mitul Shah, </li></ul>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 significant pacted in the first quarter, ow- main cognisant of the ongo- month-on-month and year-oning to the lockdown across the ing situation and are review- year rise across categories is country... the industry is likely ing to record strong growth num- week-on-week, <ul style="display: flex;"><li style="flex:1">our </li><li style="flex:1">operations due to low base. Inventory </li></ul>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 Officer, Kia India, said. outperformed strongly with to 16,913 units in June against 8,004 the previous month. Toyota Kirloskar Motor also In the two-wheeler segment, of record high farm output close to 100 per cent month- on-month growth on the back Two-wheelers on the move <ul style="display: flex;"><li style="flex:1">reported multi-fold jump in Hero MotoCorp’s wholesale and </li><li style="flex:1">better </li><li style="flex:1">monsoon </li></ul>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

Auto Sales Rev up in June As States Unlock Inventory Build-Up in Anticipation of Big July Offtake

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