Indian automakers reported mixed results for June 2024, with several companies showing growth in sales while others experienced declines. Bajaj Auto's total sales reached 3.58 lakh units, surpassing expectations and marking a 5.1% year-on-year increase. Mahindra Auto reported a 23% growth in SUV sales and an 11% increase in total volumes, reaching 69,397 units. Maruti Suzuki's total sales rose 12% year-on-year to 1.79 lakh units, while Hero MotoCorp saw a 15% increase to 5.03 lakh units. TVS Motor's total domestic sales grew by 5% to 3.3 lakh units, and Atul Auto's sales surged by 107.4% to 2,628 units. However, Ashok Leyland's sales declined by 2% to 14,940 units, and Eicher Motors' motorcycle sales fell by 5% to 73,141 units. Tata Motors reported a 7% increase in H1 2024 sales to 293,114 units, but faced a decline in April-June PV sales by 1% and Q1 2024 EV sales by 14%. Indian carmakers posted SUV-led June sales growth amid heat waves, with overall auto sales rising marginally by 3.67% to 3.40 lakh units.
#CitiResearch on Indian #Auto June sales. https://t.co/56zl7eEixB
#Auto sales rise marginally by 3.67% at 3.40 lakh units in June
Hero MotoCorp: Total June sales up 15% year-on-year to 5.03 lakh units. Domestic sales up 16% year-on-year to 4.91 lakh units. To expand its EV portfolio with new products in the mid and mass segments this fiscal.
TVS Motor: Total Auto sales at 3.34 lakh units compared to Nomura's estimate of 3.53 lakh units. Total two-wheeler sales up 6% to 3.22 lakh units from 3.04 lakh units. Domestic two-wheeler sales up 8% to 2.56 lakh units.
Tata Motors: Total domestic sales down 8% to 74,147 units. Total CV sales down 7%, while total PV sales down 8% to 43,624 units. Exports increased by 13% from last year to 1,457 units.
Tata Motors sells 293,114 cars & SUVs in H1 2024, up 7% - EV sales rise 5% to 37,219 units in Jan-June - Apr-June PV sales (138,104) down 1% - Q1 2024 EV sales (16,759) down 14% - Growing competition sees sales decline month-on-month from February to June
Maruti Suzuki registers wholesales of 137,160 units in June, up 3%; Q1 FY2025 dispatches at 419,114 up 1%. New Swift is the best-selling model in June (16,422 units), followed by the Ertiga (15,902 units) and Baleno (14,895 units). The Jimny sold 481 units
#EicherMotors' total motorcycle sales down 5% at 73,141 units year-on-year in June.
#HeroMotoCorp's total sales up 15% at 5.03 lakh units year-on-year in June.
#Maruti Suzuki registers wholesales of 137,160 units in June, up 3%; Q1 FY2025 dispatches at 419,114 up 1%. New Swift is the best-selling model in June (16,422 units), followed by the Ertiga (15,902 units) and Baleno (14,895 units). The Jimny sold 481 units
#TataMotors sells 293,114 cars & SUVs in H1 2024, up 7% - EV sales rise 5% to 37,219 units in Jan-June - Apr-June PV sales (138,104) down 1% - Q1 2024 EV sales (16,759) down 14% - Growing competition sees sales decline month-on-month from February to June
#AshokLeyland's total sales in June at 14,940 units, down 2% year-on-year.
#TVSMotor's June total domestic sales at 3.3 lakh units, up 5% year-on-year.
#MarutiSuzuki India reported a 12% increase in total wholesales to 1,79,228 units in June. The company had dispatched 1,59,418 units to its dealers in the same month last year. #automoblie #PassengerVehicles https://t.co/KJvRcHcBYm
#AtulAuto's total sales in June at 2,628 units, up 107.4% year-on-year.
#MarutiSuzuki's total sales in June at 1.79 lakh units , up 12% year-on-year.
Indian carmakers post SUV-led June sales growth amid heat waves https://t.co/HaYUN22j4j https://t.co/naxcR2IINF
#BAJAJAUTO Bajaj Auto gains 1% after June sales numbers. https://t.co/0kp4zsCRbx
#Mahindra Auto's June 2024 sales: 40,022 SUVs (23% growth) and 69,397 total volumes (11% growth). https://t.co/eACVoLf9QH
#BajajAuto's total sales in June at 3.58 lakh units, up 5.1% year-on-year.
Indian shares muted at the open; June auto sales in focus https://t.co/Ok8qeaSxoV https://t.co/a3dxEp1dEu
June auto sales- #BajajAuto total sales at 3.58 lk units vs ET NOW poll of 3.40 lk units
#Auto Stocks: To report sales figures for the month of June.