Automakers witness new sales recovery in June
On Thursday, it was reported that there is healthy growth in passenger vehicles sales in June, which means that industry is recovering from the hurdles created by the second wave of Covid-19 by some of the major automakers, such as Maruti Suzuki, Kia, Hyundai, Toyota, Honda, Tata Motors and Mahindra & Mahindra.
The sales went up from 46,555 units in May to 1,47,368 units in June, posted by the country’s largest carmaker Maruti Suzuki India. The company’s sales of mini cars went up from 4,760 units in May to 17,439 units in June, which includes Alto and S-Presso. Similarly, compact segment vehicles rose from 20,343 units in May to 68,849 units in June, and these include Swift, Baleno, Celerio, Ignis and Dzire. On the other hand, rival Hyundai Motor India Ltd. reported a rise in sales from 30,703 units in May to 54,474 units in June.
Homegrown auto major Tata Motors reported that its passenger vehicle sales increased from 15,181 units in May to 24,110 units in June in the domestic market. In addition, Mahindra & Mahindra too reported an increase in the passenger vehicles from 8,004 units in May to 16,913 in June in the domestic market.