Mixed Sales Performance Among Major Automakers in July

Maruti Suzuki and Hyundai reported a decline in July wholesales while Tata Motors faced an 11% dip. Mahindra & Mahindra saw a 15% increase in passenger vehicle sales. Kia India and Bajaj Auto also experienced growth in sales. Two-wheeler companies such as Bajaj and TVS Motor witnessed an increase in sales numbers.

Leading carmakers Maruti Suzuki and Hyundai reported a decline in July wholesales as companies cut vehicle dispatches to dealers due to moderating demand. Maruti Suzuki India revealed a 9.64% drop in domestic passenger vehicle sales, totaling 1,37,463 units, as opposed to 1,52,126 units last July. The mini segment saw growth, but compact and utility vehicle sales decreased.

Similarly, Hyundai Motor India saw a 3% drop in domestic dispatches at 49,013 units last month. Tata Motors reported an 11% decline in total domestic sales, reaching 70,161 units. Conversely, Mahindra & Mahindra enjoyed a 15% rise in passenger vehicle sales, with 41,623 units sold.

Kia India saw a 2.5% increase in domestic sales, and Bajaj Auto's sales rose by 18%. Two-wheeler companies also fared well, with TVS Motor Company reporting an 8% increase and Honda Motorcycle & Scooter India seeing a 41% growth.