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Hindustan Times
14 hours ago
- Automotive
- Hindustan Times
Car sales in India dip again in June amid weak buyer sentiment, SUVs continue to thrive
The Indian passenger vehicle market, which was once driven by small cars, has evolved drastically over the last couple of years. Keeping in sync with the global trend, the Indian PV market has been witnessing continuously rising demand and sales for the larger utility vehicles such as crossovers, SUVs and MPVs. The demand is not only visible in the internal combustion engine (ICE) propelled segment, but in the electric vehicle (EV) domain as well. Also Read : Upcoming cars in India Weighed down by a slowdown in retail demand, car manufacturers reduced passenger vehicle supplies to the auto dealers in June. This resulted in a seven per cent year-on-year (YoY) decline in wholesale dispatch numbers. Seven of the country's largest car manufacturers, cumulatively accounting for 95 per cent of the domestic PV market, dispatched 300,226 units to their dealer networks last month. Owing to the subdued consumer sentiment, three of the top four passenger vehicle manufacturers in India posted YoY declines in June sales. Maruti Suzuki, Hyundai, Tata Motors: Small car woes continue Since 2019, the Indian PV industry's entry-level price point has increased by more than 70 per cent, which was largely driven by stricter safety and emission regulations. Over the same period, sales of small cars have dropped by more than 70 per cent. This has directly impacted the carmakers such as Maruti Suzuki, Hyundai and Tata Motors in an adverse manner. Maruti Suzuki, India's largest car manufacturer, registered its weakest domestic monthly sales in more than 18 months. The OEM that has the largest pool of small cars saw a 13 per cent YoY drop in wholesale volumes, down to 118,906 units in June 2025 compared to 137,160 units sold in June last year. The OEM grappling with this significant demand slump last month reflected broader challenges in the PV market, especially in the entry-level segment. The small car segment's decline reflects an affordability crisis despite 6.5 per cent GDP growth. For example, small cars like Alto K10 and S-Presso saw sales plummet to 6,414 units from 9,395 units. On the other hand, sales of compact models like Baleno, Celerio, WagonR, Swift, Ignis, and Dzire declined to 54,177 units from 64,049 units. For Maruti Suzuki, sales of utility vehicles, including Grand Vitara, Brezza, and Jimny, dropped to 47,947 units from 52,373 units, despite high demand for SUVs. Another major player in the Indian PV market with small cars on sale, Hyundai too reported a 12 per cent dip in wholesale numbers, with 44,024 units sold as compared to 50,103 units recorded last year. The South Korean auto giant that sells models like Grand i10, i20, Exter, Creta, Verna, etc, has blamed this on the geopolitical crisis and low consumer sentiment as key factors and anticipates recovery with lower repo rates, improving liquidity and the Talegaon plant production. Tata Motors too posted a steep decline, with its wholesale volume slumping 15 per cent YoY in June to 37,083 units, including electric vehicles. While demand for its ICE-powered models came under pressure, the homegrown auto company noted continued strength in its EV portfolio, where it sells models like Tiago EV, Tigor EV, Punch EV, Nexon EV, Curvv EV, and recently introduced Harrier EV. Among others, Kia recorded a three per cent YoY sales slump at 20,625 units in June 2025. Honda Cars India too reported a 22 per cent sales slump with 5,124 units in June 2025, comprising 4,618 units sold in the domestic market and 506 units exported. Domestic sales of the company dropped by 3.9 per cent, while exports saw a slump of 89.8 per cent YoY. Mahindra, Toyota, MG buck the slumping trend Mahinda is the only car manufacturer among the top four in the Indian passenger vehicle market that reported growth last month. The homegrown auto giant retained its second position in the sales chart last month. The SUV-specialist brand registered an 18 per cent YoY wholesale growth, ending the last month with 47,306 units. The OEM sells some of the popular SUVs like Thar, XUV 3XO, XUV700, Scorpio N, Bolero Neo, Scorpio Classic, Thar Roxx, etc. Toyota Kirloskar Motor too was able to buck the trend slightly. The automaker registered a modest three per cent YoY increase in June wholesales with 26,453 units. The carmaker sells popular models like the Innova Crysta, Fortuner, among others. JSW MG Motor India charted a 21 per cent YoY sales growth in June sales numbers, with 5,829 units sold. The automaker sells models like the Hector, ZS EV, Comet, Gloster, etc. However, since the launch of the Windsor EV, MG has been witnessing continuous growth in its PV sales. Check out Upcoming Cars in India 2024, Best SUVs in India. First Published Date: 02 Jul 2025, 12:15 PM IST


Mint
16 hours ago
- Automotive
- Mint
Maruti Suzuki share price edges higher despite 13.3% drop in domestic PV dispatches in June
Maruti Suzuki share price in focus today: Shares of Maruti Suzuki India, the country's largest automaker, edged up by nearly 1% in Wednesday's intraday trade to hit the day's high of ₹ 12,560 apiece, even as the company's June dispatches to dealers dropped to their lowest level since December 2023. The company on Tuesday reported a 13.3% year-on-year (YoY) decline in total domestic passenger vehicle (PV) sales to 1,18,906 units in June, compared to 1,37,160 units in the same month last year as weak demand from urban consumers continued to weigh on overall sales growth, with its largest segment—small cars sales, remaining under pressure. Sales of entry-level cars, typically smaller, simpler, and more fuel-efficient, dropped sharply by 32% in June. Dispatches of compact cars, including the Baleno, Celerio, Dzire, Ignis, Swift, and WagonR, also fell to 54,177 units, a decline of 15% YoY. In addition, utility vehicle sales including models such as the Brezza, Ertiga, Grand Vitara, and XL6 also dropped to 47,947 units from 52,373 units a year earlier. The Eeco van recorded sales of 9,340 units in June, compared to 10,771 units in the year-ago period, bringing total domestic sales for June to 1,18,906 units. The sharp drop in mini car sales has led the company to scale down production. It manufactured 7,097 mini cars, including the Alto and S-Presso, in June 2024, down from 10,133 units in the same month last year. Overall production in June stood at 1,27,545 units, compared to 1,33,095 units in the year-ago period. While domestic demand remains muted, the export market has held up well despite rising global economic uncertainty. Maruti Suzuki exported 37,842 units in June, registering a 22% YoY growth.


The Hindu
a day ago
- Automotive
- The Hindu
Maruti, Hyundai see double-digit fall in June sales amid demand slowdown
Automakers Maruti Suzuki and Hyundai Motor India reported a double-digit drop in vehicle dispatches in June amid a demand slowdown in the domestic market. Mahindra & Mahindra saw an increase in dispatches to dealers last month, while Tata Motors witnessed a dip compared to June last year. The country's largest carmaker Maruti Suzuki said its total domestic passenger vehicle dispatches to dealers dipped 13% to 1,18,906 units last month compared to 1,37,160 units in the year-ago period. Sales of mini-segment cars Alto and S-Presso declined to 6,414 units against 9,395 units in the same month last year. Sales of compact cars, including Baleno, Celerio, Dzire, Ignis, Swift, and WagonR, also fell to 54,177 units from 64,049 units in June 2024. Utility vehicles Grand Vitara, Brezza, Ertiga, XL6, and Jimny clocked sales of 47,947 units last month compared to 52,373 units earlier. 'The slowdown in passenger vehicle sales is largely due to a sharp decline in the smaller segment cars. Historically, passenger vehicle sales used to grow at 1.5 times the GDP growth. But now, even after 6.5% GDP growth, the car market is nearly flat,' MSI Senior Executive Officer Rahul Bharti said. 'This is because the once mass small car segment is not participating in the growth at all,' he added. 'This is clearly an affordability issue,' Mr. Bharti said. Hyundai Motor India said its dispatches to dealers in the domestic market declined 12% to 44,024 units in June compared to 50,103 units in the year-ago period. 'In the domestic market, the geopolitical situation continued to affect the market sentiment,' Tarun Garg, Whole-time Director and Chief Operating Officer, HMIL, said in a statement. As the company comes closer to the beginning of production at the Talegaon plant, it remains cautiously optimistic about a gradual recovery of demand, supported by a reduction in repo rates and improving liquidity on account of a cut in CRR, he added. 'We are closely watching the global geopolitical scenario and are committed to delivering value and innovation to our customers across both domestic and export markets,' Mr. Garg said. Mahindra & Mahindra reported an 18% increase in sales of utility vehicles to 47,306 units in the domestic market last month against 40,022 units a year ago. 'The quarter ended on a very positive note for us, marking the highest quarter ever for SUVs,' Nalinikanth Gollagunta, Mahindra & Mahindra (M&M) CEO - Automotive Division, said. Tata Motors said its passenger vehicle sales, including EVs, in the domestic market, were down 15% to 37,083 units compared to 43,524 units in the year-ago month. 'Looking ahead, while overall industry growth is expected to remain subdued, Tata Motors is well positioned to leverage its new launches to outperform across segments, including hatchbacks and SUVs, while continuing to build on the EV momentum,' Tata Motors Passenger Vehicles MD Shailesh Chandra said. Toyota Kirloskar Motor on Tuesday (July 1, 2025) said its sales increased 5% year-on-year to 28,869 units in June. The automaker dispatched 27,474 units in June 2024. JSW MG Motor India reported monthly sales of 5,829 units in June, registering a 21% year-on-year growth. In the two-wheeler space, Bajaj Auto said its total domestic sales, including commercial vehicles, fell 13% to 1,88,460 units last month compared to 2,16,451 units a year ago. Royal Enfield said its domestic sales increased 16% to 76,957 units last month against 66,117 units in June 2024. TVS Motor Company's two-wheeler sales in the domestic market witnessed a 10% year-on-year growth to 2,81,012 units in June.


NDTV
a day ago
- Automotive
- NDTV
Maruti Suzuki Sales Decline By 6.27 Percent In June 2025; Exports Hit All-Time High
Maruti Suzuki has announced its sales report for the month of June 2025. In the month Maruti Suzuki India Limited sold a total of 167,993 units. Total sales in the month include domestic sales of 121,339 units, sales to other OEMs of 8,812 units, and exports of 37,842 units. Notably, the exports reached an all-time monthly high. Rahul Bharti, Senior Executive Officer, Corporate Affairs, Maruti Suzuki, said- "The slowdown in passenger vehicle sales is largely due to a sharp decline in the smaller segment cars. Historically, passenger vehicle sales used to grow at 1.5 times the GDP growth. But now even after 6.5% GDP growth, the car market is nearly flattish. This is because the once mass small car segment is not participating in the growth at all. This is clearly an affordability issue. Since 2019, entry-level price point in the industry has jumped by over 70%, largely driven by stricter regulations and the sales of smaller cars have fallen by over 70%." The Maruti Suzuki sales report for June 2025 claims that the brand sold a total of 6,414 units of mini sub-segment cars, which include the Alto and S-Presso. In June 2024, the sub-segment registered 9,395 unit sales. Maruti Suzuki's compact sub-segment recorded sales of 54,177 units in June 2025, which earlier stood at 64,049 units in June 2024. The brand has cars like Baleno, Celerio, Dzire, Ignis, Swift, and WagonR under the segment. The Maruti Suzuki Ciaz witnessed a hike in sales, recording sales of 1,028 units in June 2025, compared to the 572 units sold in June 2024. The Indian car maker has seven utility vehicles in the portfolio, which include- Brezza, Ertiga, Fronx, Grand Vitara, Invicto, Jimny, and XL6. The segment registered sales of 47,947 units in June 2025, which is lower compared to the 52,373 units sold in June 2024. Talking about the export, Maruti Suzuki recorded export of 37,842 units in June 2025, which has witnessed a significant increase, compared to the 31,033 units exported in June 2024.


Time of India
a day ago
- Automotive
- Time of India
Maruti Suzuki sales dip 6 pc in June
Maruti Suzuki India on Tuesday reported a 6 per cent year-on-year decline in total sales to 1,67,993 units in June. The country's largest carmaker had sold a total of 1,79,228 units in June 2024. Its total domestic passenger vehicle dispatches to dealers stood at 1,18,906 units last month compared to 1,37,160 units in the year-ago period, a dip of 13 per cent, Maruti Suzuki India (MSI) said in a statement. "The slowdown in passenger vehicle sales is largely due to a sharp decline in the smaller segment cars. Historically, passenger vehicle sales used to grow at 1.5 times the GDP growth. But now, even after 6.5 per cent GDP growth, the car market is nearly flat," MSI Senior Executive Officer Rahul Bharti said. This is because the once mass small car segment is not participating in the growth at all, he added. Live Events "This is clearly an affordability issue," Bharti said. Since 2019, the entry-level price point in the industry has jumped by over 70 per cent, largely driven by stricter regulations, and sales of smaller cars have fallen by over 70 per cent. Sales of mini-segment cars Alto and S-Presso declined to 6,414 units against 9,395 units in the same month last year. Sales of compact cars, including Baleno, Celerio, Dzire, Ignis, Swift, and WagonR, also fell to 54,177 units from 64,049 units in June 2024. Utility vehicles Grand Vitara, Brezza, Ertiga, XL6, and Jimny clocked sales of 47,947 units last month compared to 52,373 units earlier. Sales of Eeco van stood at 9,340 units against 10,771 units. Light commercial vehicle Super Carry sales fell to 2,433 units from 2,758 units earlier. MSI said its exports last month stood at 37,842 units compared to 31,033 units in June 2024.