While the high base effect of last year also resulted in modest growth in volumes, industry players reckon that new launches such as as Maruti Suzuki Swift, Hyundai Creta, etc., continued to contribute to incremental volumes
Auto exports remained weak for yet another month, while trend in the domestic market varied across companies.
With the virus showing little signs of abating, commuters in semi-urban and urban areas would shun public transport for some time. At the same time, salary cuts and concerns on job security may push consumers to opt for relatively low-priced options
Every single customer is satisfied with Dominar and the company expects to sell 10,000 units per month (domestic and export) by March 2018, said S Ravikumar, President - Business Development, Bajaj Auto.
"The growth in quarterly sales is despite the disruption in production during June 2016, due to the unfortunate incident of fire at Subros, a key vendor of the company," says Maruti in its filing.
Nomura expects heavy commercial vehicle segment to see 25 percent growth in June sales against 20 percent in the previous month and 2-wheeler sales growth to be at around 10-12 percent.
UBS believes risk-reward looks attractive for Tata Motors, as it expects Jaguar Land Rover (JLR) volumes growth to move back into double digits from Q3FY15 driven by the ramp-up of the Chery JV plant and new models – Jaguar XE, XF and Discovery Sport.
Market waited with baited breath for the June auto sales numbers because there was talk of a slowdown, both, in personal vehicles as well as in commercial vehicles. Mahindra & Mahindra’s June total sales numbers came as a breath of fresh air.