New Delhi: Car sales data for the month of May 2024 showed that Maruti Suzuki’s wholesales declined 2 per cent year-on-year, while Hyundai Motor India’s sales jumped 7 per cent and Tata Motors’ wholesales were up 2 per cent. Overall car sales slowed down in May with the onset of the summer season and a heatwave , especially in northern India.
Tata Motors May sales
Tata Motors passenger vehicle sales rose 2 per cent to 47,075 units from 45,984 units during the same period a year ago.
Domestic sales were up 2 per cent to 75,173 units.
Maruti Suzuki May sales
Maruti Suzuki India’s monthly wholesales slipped 2 per cent to 1,74,551 units from 1,78,083 in May. However, the company’s domestic PV sales rose year-on-year to 1,44,002 units. While the utility segment witnessed a jump in sales, overall sales were moderated by a continued decline in the mini-segment, compact car segment and vans.
Segment
May sales
April sales
Mini segment
9902
12236
Compact cars
68206
71419
Utility vehicles
54204
46243
Vans
10960
12818
Hyundai Motor India units sold in May
Hyundai Motor India reported a 7 per cent jump in sales to 63,551 units from 59,601 units a year ago. Domestic despatches rose 1 per cent year-on-year.
Hyundai Motor India also mentioned SUVs as a continued growth driver accounting for 67 per cent of domestic sales, said HMIL COO Tarun Garg said.
M&M, Toyota, Kia India, and MG Motor
Mahindra and Mahindra reported a 17 per cent jump in sales to 71,682 units in May with PV sales surging 31 per cent year-on-year to 43,218 units.
Toyota Kirloskar Motors’ May monthly sales surged 24 per cent year-on-year to 25,273 units. The company has a rebadging agreement with Maruti Suzuki India.
Kia India’s May monthly wholesales were up 4 per cent to 19,500 units year-on-year led by an introduction of new competitive variants of existing models.
MG Motor India’s monthly sales in May dipped 5 per cent year-on-year to 4,769 units. The company’s EV segment saw positive traction in May contributing to a 36 per cent jump in overall monthly sales, the company said.
May 2024 Car sales snapshot
Company
Total sales
%age change
Maruti Suzuki
174551
-2.00%
Hyundai Motor India
59601
7.00%
Tata Motors
76766
2.00%
Mahindra and Mahindra
71682
17.00%
Toyota Motors
25273
24.00%
Kia India
18766
4.00%
MG Motor
4769
-5.00%
Tata Motors and Hyundai Motor India reported a nearly 2-7 per cent improvement in May monthly sales on a year-on-year basis. India’s largest carmaker, Maruti Suzuki India’s May monthly car sales moderated by 2 per cent with the mini, compact and van segments reporting continued sales decline. Biz News Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
