Bajaj in top gear, Hero flat while Maruti declines – here’s how Indian auto cos performed in June 2022

Jul 4, 2022

By: Rounak Jain

Bajaj Auto

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.

Credit: Bajaj-Auto

Hero MotoCorp

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.

Credit: Hero-MotoCorp

Maruti Suzuki

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.

Credit: Maruti-Suzuki

Mahindra and Mahindra

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.

Credit: Mahindra

Tata Motors

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.

Credit: Tata-Motors

TVS

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.

Credit: TVS

Toyota

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.

Credit: Toyota

Kia

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.

Credit: Kia

Hyundai

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.

Credit: Hyundai

Mg Motor

MG Motor’s ZS EV and the expanded portfolio of cars helped it sell over 4,500 units in June.

Credit: Mg-Motor

Escorts

Escorts reported a surge in its sales when compared to May, but it is yet to reclaim its sale numbers from the previous year.

Credit: Escorts

Mutual funds tank up on financial services and retail stocks