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Toyota, Mahindra post double-digit May sales growth as Tata Motors sales slide

Strong SUV demand alongside rising tractor purchases sustained growth in India’s auto market after a slow fiscal start.

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Overview

  • Toyota Kirloskar Motor sold 30,864 units in May, marking a 22% year-on-year increase fueled by strong SUV and MPV demand and solid performances from badge-engineered models.
  • Mahindra & Mahindra recorded 84,110 May sales, up 17% from last year with SUV volumes jumping 21% to 52,431 units and gains in light commercial vehicles and three-wheelers.
  • Mahindra’s farm equipment division saw domestic tractor sales rise 10% to 38,914 units on the back of favourable monsoon forecasts boosting rural demand.
  • Tata Motors’ total May deliveries fell 8.6% to 70,187 units, although its electric vehicle sales edged up 2% to 5,685 units.
  • Industry sentiment remains positive with expectations that SUV popularity and improved rural purchasing power will drive further auto market expansion in coming months.