New Delhi: Utility vehicles maker Mahindra & Mahindra (M&M) reported a YoY growth of 23 per cent in its domestic wholesales (dispatches to dealers) to 40,022 units in June against 32,588 units in the corresponding month last year.
“We sold a total of 40,022 SUVs in June, a growth of 23 per cent and 69,397 total vehicles, an 11 per cent growth over last year. June has been a momentous month, as we rolled out the 200,000th XUV700 from our facility. We also celebrated 25 years of Bolero Pik-Ups, a category creator and a market leader in the light commercial vehicle segment,” M&M said on Monday.
Toyota Kirloskar Motor (TKM) also has maintained its strong sales momentum and recorded a growth of 40 per cent in June 2024 by selling 27,474 units. This includes domestic wholesales of 25,752 units along with 1,722 units of exports, it said.
The company also reported a similar growth for the first six months of the calendar year compared to that of the same period last year, with a growth of 47 per cent.
Meanwhile, India’s largest passenger vehicles maker Maruti Suzuki India (MSIL) on Monday reported domestic wholesales (dispatches to dealers) of 1,37,160 units in June which is a year-on-year (YoY) growth of 3.10 per cent as compared with 1,33,027 units in the corresponding month last year.
In the compact cars (like Baleno, Swift, WagonR, Celerio) segment as well as in mini cars (Alto and S-Presso) segment, the company reported a decline in sales. However, utility vehicles segment (like Grand Vitara, Brezza and Ertiga) continued the growth momentum.
The company has reported its highest-ever exports in a month at 31,033 units during the month, which is a growth of 57 per cent YoY against 19,770 units in June 2023.
Similarly, second largest passenger vehicle manufacturer, Hyundai Motor India (HMIL) reported a marginal growth in its domestic wholesales to 50,103 units during the month as compared with 50,001 units in the same month last year.
