Overview

• Mini and compact car segments remained weak, highlighted by a 31% year-on-year drop in Maruti Suzuki’s mini car sales to 6,822 units.
• Mahindra & Mahindra’s SUV volumes climbed 20% in July, driving a 26% overall sales increase to 83,691 units.
• Maruti Suzuki’s exports jumped 32% to 31,745 units while Bajaj Auto’s overseas shipments rose 28% to 182,857 units.
• Tata Motors achieved its highest-ever monthly EV sales at 7,124 units even as its total passenger vehicle sales fell 11%.
• OEMs are banking on festive season demand and anticipated RBI rate cuts to shore up soft domestic volumes against rising compliance costs.