Jul 4, 2022By: Rounak Jain
After middling performances over the last few months, Bajaj bounced back strongly with a 26 percent jump in sales to 3,47,004 units – but still only marginally better than last year.
India’s second largest two-wheeler maker, Hero MotoCorp’s sales remained flat compared to May at 4,84,867 units, and only marginally higher when compared to the previous year.
India’s largest car company reported a weak June month with sales of 1,55,857 units, a decline of 3 percent. However, its sales grew when compared to the previous year.
Despite the launch of XUV 700 and Scorpio-N this year, Mahindra’s auto sales reported a marginal decline over May at 51,319 units.
Tata Motors has remained steady with a growth of 8 percent in its sales to 82,570 units, reducing the gap with its rival Maruti Suzuki every month.
The launch of the new iQube and Jupiter 125 seem to have done little to help TVS grow its sales – the Chennai-headquartered company reported a growth of just 2 percent when compared to May.
Toyota sprung a surprise with a 62 percent growth in its sales to 16,512 units in June – a growth of 62 percent over May, and 88 percent over the same period last year.
Kia’s solid run continued with sales of 24,024 units. At a 28 percent growth over May, the South Korean car maker was the second-best performer in June.
Hyundai is closing in on Mahindra & Mahindra with a growth of 16 percent in its sales – at 49,001 units sold in June, Hyundai is the fourth largest car maker in India.
MG Motor’s ZS EV and the expanded portfolio of cars helped it sell over 4,500 units in June.
Escorts reported a surge in its sales when compared to May, but it is yet to reclaim its sale numbers from the previous year.