Auto Sales June 2024 LIVE: TVS Motor domestic two-wheeler sales rise 8%, Bajaj Auto clocks 7% growth; catch latest updates from other auto makers here
Auto sales India June 2024, car sales, two-wheeler sales, motorcycle sales, CV sales, EV sales: Auto majors - including Maruti Suzuki India, Tata Motors, Mahindra & Mahindra, Hero MotoCorp, Bajaj Auto, TVS Motor Company, Eicher Motors and Ashok Leyland - are all set to release their sales reports for the previous month starting July 1. Both investors and analysts closely track the monthly data sheets from key manufacturers across segments - ranging from passenger and commercial vehicles, to motorcycles, scooters, and electric vehicles - to gauge the overall health of the country's automobile sector.
Follow this space to catch the latest monthly sales data from Maruti Suzuki India, Tata Motors, Bajaj Auto, Hero MotoCorp, TVS Motor Company, Eicher Motors and other major auto makers:
Auto sales India June 2024, car sales, two-wheeler sales, motorcycle sales, CV sales, EV sales: Auto majors - including Maruti Suzuki India, Tata Motors, Mahindra & Mahindra, Hero MotoCorp, Bajaj Auto, TVS Motor Company, Eicher Motors and Ashok Leyland - are all set to release their sales reports for the previous month starting July 1. Both investors and analysts closely track the monthly data sheets from key manufacturers across segments - ranging from passenger and commercial vehicles, to motorcycles, scooters, and electric vehicles - to gauge the overall health of the country's automobile sector.
Follow this space to catch the latest monthly sales data from Maruti Suzuki India, Tata Motors, Bajaj Auto, Hero MotoCorp, TVS Motor Company, Eicher Motors and other major auto makers:
Latest Updates
Auto Sales June 2024: TVS exports decline 3.9%
The auto maker reports total exports of 76,074 units in June 2024 as against 79,144 units in June 2023.
Out of those, two-wheeler exports stand at 66,434 units in June 2024 as against 68,568 units in July 2023.
"Customer retails are robust. However, There have been challenges in container availability due to prevailing conditions in the Red Sea," according to TVS Motor Company.
Auto Sales June 2024: TVS Motor Company total two-wheeler sales up 6%
TVS Motor Company registers 6.0 per cent growth in total two-wheeler sales to 3,22,168 units in June 2024, out of which, domestic sales log growth of 8.0 per cent to 2,55,734 units.
The auto maker's overall sales stand at 3,33,646 units in June 2024 as against 3,16,411 units a year ago.
Auto Sales LIVE: Strong enquiry pipeline, onset of festive season from August augur well for PV industry, says Tata Motors' Shailesh Chandra
"Going forward, we foresee recovery of demand, as enquiries have remained strong despite low retails in the past two months," says Shailesh Chandra of Tata Motors.
"This strong enquiry pipeline, in addition to the onset of the festive season from August, augurs well for the industry. Tata Motors is fully geared up to leverage this growth opportunity on the back of strong demand for its SUV portfolio, especially Punch and Nexon, as well as new launches in the coming months," says Chandra.
Auto Sales LIVE: PV industry registrations saw a decline in May & June influenced by general elections, heatwaves, says Tata Motors' Shailesh Chandra
“In Q1 FY25, after a boost in demand in the first half of April, due to festivities in some parts of the country, the Passenger Vehicle industry saw a decline in retails (registrations) in the months of May and June, influenced by the general elections and heatwaves across the country. Tata Motors wholesales of 1,38,682 cars and SUVs in Q1 FY25 remained flat compared to Q1 FY24, as we readjusted our wholesales in line with retails to keep channel inventory under control," says Shailesh Chandra, Managing Director, Tata Motors Passenger Vehicles and Tata Passenger Electric Mobility.
"The Electric Vehicle industry was affected by the broader industry trend and the impact of significant preponement fleet sales in Q4FY24, due to expiry of FAME II subsidy in March 2024. Consequently, while the personal segment retails have grown slightly, there was a sharp decline witnessed in the fleet segment, which is expected to recover in the coming quarters," Chandra adds.