Overview
- Passenger vehicle wholesales dropped 7% year-on-year in June as small-car demand weakened and entry-level prices surged.
- Maruti Suzuki, Tata Motors and Hyundai Motor India each recorded 12–13% declines in June dispatches, reflecting sustained passenger car headwinds.
- Mahindra & Mahindra posted a 14% increase in total June sales, powered by an 18% jump in SUV volumes and its strongest quarterly SUV performance.
- TVS Motor Company’s sales rose 20% to 402,001 units in June while tractor wholesales jumped 10%, buoyed by monsoon-driven rural demand.
- Nomura estimates that mandatory ABS rollout could trim industry volumes by 2–4% as compliance costs rise.