City
Epaper

Maruti Suzuki India, Tata Motors log sales growth in April-June quarter

By IANS | Updated: July 1, 2024 16:30 IST

Mumbai, July 1 Maruti Suzuki India sold 179,228 units in June, compared to 159,418 units in the same ...

Open in App

Mumbai, July 1 Maruti Suzuki India sold 179,228 units in June, compared to 159,418 units in the same month last year, it said on Monday.

In the April-June period of the current fiscal (FY25), the company sold 521,868 vehicles, compared to 498,030 in the same period in the last fiscal (FY24).

Total sales in the month of June included domestic sales of 139,918 units, sales to other original equipment manufacturers (OEM) of 8,277 units and exports of 31,033 units, said the company.

Meanwhile, Tata Motors’ sales in the domestic and international market for the first quarter of the current fiscal (FY25) stood at 229,891 vehicles, compared to 226,245 units during Q1 of FY24.

“Tata Motors commercial vehicles domestic sales at 87,615 units in Q1 FY25 were 7 per cent higher than Q1 FY24 sales. Additionally, sales in June were 3 per cent higher compared to May 2024,” said Girish Wagh, Executive Director, Tata Motors Ltd.

The M&HCV segment led the growth with a 10 per cent rise in Q1 FY25 sales volumes versus Q1 FY24.

“While HCV demand held up well, market sentiment remained positive in the MCV segment with demand increasing in e-commerce, auto-aggregates and LPG segments,” said the company.

“Going forward, the forecast of a healthy monsoon, expectations of policy continuity and continuing thrust on infra-related developmental projects by the government are expected to improve the demand for commercial vehicles,” said Wagh.

The demand in staff, intercity, and stage carriage segments should also remain healthy despite the seasonal dip often seen in school transportation in Q2, he added.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Open in App

Related Stories

InternationalIDF strikes over 35 Hamas targets in Beit Hanoun

InternationalIDF, Shin Bet eliminate senior terror operative in Lebanon

InternationalFamilies' forum expresses concern over stalled talks in Doha

CricketI dream of playing shots like that: Rahul expresses his admiration for Pant

Cricket"Lot of us got starts, and we couldn't convert it": KL Rahul as India falls short of taking lead against England

Business Realted Stories

BusinessBillionaires gather in Sun Valley in US for Allen & Co.'s annual conference

BusinessAssam CM inaugurates nation's first ever Aqua Tech Park at Bagibari Sonapur

BusinessDonald Trump announces 30% import tariffs on EU and Mexico over trade and border issues

BusinessIndia Poised to Become Global Air Cargo Hub - ACFI & ASCELA Insights Chart Roadmap for 2030 in its Knowledge Paper

BusinessOne World Fusion 2025: A Musical Evening for a Cause by Abhijeeth Bhattacharjee Prodyut Mukherjee Sangitanjaly Foundation