Seasonal Heatwave Impacts Passenger Vehicle Sales with Marginal Growth in June

Passenger vehicle wholesales in June observed a marginal growth of 4%, influenced by severe heatwaves. Brands like Maruti Suzuki, Hyundai, and Tata Motors reported varied sales figures. Despite recent slowdowns, strong customer enquiries hint at a potential recovery, helped by the upcoming festive season.

Amidst the sweltering heatwaves that gripped much of the country, passenger vehicle wholesales saw a modest 4% rise in June, driven largely by a high base effect. With dispatches totaling 3,40,784 units, market leaders like Maruti Suzuki saw a 3% growth in domestic sales to 1,37,160 units.

Hyundai Motor India reported stable sales with 50,103 units sold domestically, while Tata Motors faced an 8% decline in sales, totaling 43,624 units. According to Tata Motors Passenger Vehicles MD Shailesh Chandra, despite a decline in May and June attributed to heatwaves and the elections, the company expects a recovery due to strong customer inquiries.

Meanwhile, Mahindra & Mahindra achieved a 23% rise, with sales hitting 40,022 units. Toyota Kirloskar Motor marked its best-ever monthly sales at 27,474 units, reflecting a 40% increase. Two-wheeler makers like Bajaj Auto and TVS Motor also reported growth, indicating resilience in the face of adverse conditions.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)