Overview
- Passenger vehicle wholesale volumes rose just 1.16% year-on-year in July to 348,000 units, reflecting continued softness in domestic demand.
- Maruti Suzuki’s exports jumped 32%, Bajaj Auto’s shipments climbed 28%, TVS Motor’s overseas deliveries surged 46%, and Mahindra & Mahindra posted an 83% rise in exports.
- Domestic mini-car and two-wheeler segments saw declines while SUVs powered 20% growth at Mahindra and accounted for nearly 72% of Hyundai’s sales mix.
- Tata Motors’ overall sales slipped 4% with a 12% drop in domestic car dispatches even as it recorded its highest-ever monthly EV volume at 7,124 units.
- Automakers are recalibrating dispatch strategies to manage elevated inventories and cost pressures from new norms, positioning for a festival-season uptick under an above-normal monsoon.