Automakers Adjust Strategies Amid Declining Demand in September

Maruti Suzuki, Hyundai, and Tata Motors faced declines in wholesales for September as they adjusted dispatches to reduce inventory buildup amidst declining demand. Despite mixed performances across various segments, the industry anticipates some growth in the upcoming festive season. Notable performances included Mahindra's 24% increase and Toyota's 14% rise in wholesales.

Maruti Suzuki, Hyundai, and Tata Motors faced declines in wholesales for September as the companies curtailed dispatches to dealers to mitigate inventory buildup amidst a downturn in demand.

Maruti Suzuki India witnessed a 4% dip in total domestic passenger vehicle wholesales to 1,44,962 units compared to the previous year, while Hyundai Motor India's domestic dispatches decreased by 6% to 51,101 units.

Tata Motors saw an 8% drop in total passenger vehicle sales, including electric vehicles, in the domestic market to 41,063 units. However, Mahindra & Mahindra and Toyota Kirloskar Motor reported robust performances, with 24% and 14% increases, respectively, in wholesales.

(With inputs from agencies.)