Auto sales numbers for June ( India )

As expected Auto sales are down to a run rate of 160K for 4 wheelers but 2 wheelers continue to report an uptick. Bajaj has infact managed a 20% share in that for its sporty bikes in the monthly saga showing a unique cross segmentation from a good jobs, good pay economy running thru the channel of inflation pain and food supply chain destruction Maruti sales are back to 71K for domestic and Tata to 23k for the month of June. Further competition from Figo and now the Liva from Toyota will strain Maruti but it remains a profitable and efficient operation in a growing market and will also benefit from cars it makes for VW. Auto sales at both domestic champions are down almost 10% from May 2010,. In two wheelers Bajaj Auto is expected to maintain its sterling May numbers of 360,000 and a healthy MOM growth as well Hero Honda has already reported a yoy up tick of 20% to 420,000, with Honda following at 300,000 units

Update: Toyota and VW walked away with the honors in June more than doubling sales from ?June of last year but still together selling 17,431 cars and with Ford and GM likely contributing another 10,000 cars, this number is ahead of Tata Motors for the month. Despite a 10-day strike and a maintenance shutdown, Maruti primary sales for the month ticked down only 4% plus inventories would have been crawling back after the year end fest. Hyundai seems to still present the accurate picture of the market with 30,000 cars sld, 10% higher than June 2010. With most high income groups already possessing a four wheeler, he global big 4 share may nw continue to increase while investments in small town/rural India made by Hyundai and others may bear fruit too given higher incremental employment in those sectors and not in urban inda where banking and finance / consulting jobs have considerably cooled down and entrepreneurs are fighting the inflation monster

2 thoughts on “Auto sales numbers for June ( India )

Comments are closed.

Up ↑

%d bloggers like this: