Seasonal Heatwave Impacts Passenger Vehicle Sales with Marginal Growth in June

Passenger vehicle wholesales in June observed a marginal growth of 4%, influenced by severe heatwaves. Brands like Maruti Suzuki, Hyundai, and Tata Motors reported varied sales figures. Despite recent slowdowns, strong customer enquiries hint at a potential recovery, helped by the upcoming festive season.

Amidst the sweltering heatwaves that gripped much of the country, passenger vehicle wholesales saw a modest 4% rise in June, driven largely by a high base effect. With dispatches totaling 3,40,784 units, market leaders like Maruti Suzuki saw a 3% growth in domestic sales to 1,37,160 units.

Hyundai Motor India reported stable sales with 50,103 units sold domestically, while Tata Motors faced an 8% decline in sales, totaling 43,624 units. According to Tata Motors Passenger Vehicles MD Shailesh Chandra, despite a decline in May and June attributed to heatwaves and the elections, the company expects a recovery due to strong customer inquiries.

Meanwhile, Mahindra & Mahindra achieved a 23% rise, with sales hitting 40,022 units. Toyota Kirloskar Motor marked its best-ever monthly sales at 27,474 units, reflecting a 40% increase. Two-wheeler makers like Bajaj Auto and TVS Motor also reported growth, indicating resilience in the face of adverse conditions.