Overview

• Overall retail volumes reached 2.003 million units in June, marking a 4.84% year-on-year gain across all vehicle segments.
• Electric vehicles doubled year-on-year sales in June, lifting their share of passenger vehicle registrations to about 5%.
• Wholesale dispatches of passenger vehicles fell 6.4% year-on-year while retail sales rose 2.45%, contributing to dealer stockpiles of around 55 days.
• All major categories posted gains, led by construction equipment up 54.95%, tractors up 8.68%, and two-wheelers up 4.73%.
• Dealers caution that early monsoon rains, financing bottlenecks and geopolitical tensions threaten to strain supply chains and curb growth.