June Auto Sales Set for Strong Month: Maruti, Tata, M&M and TVS to Lead
June wholesale auto sales expected to surge: PVs +26% YoY, two-wheelers +18%. Tata Motors PV jumps 71%, M&M PV +31%, Maruti +22%, while Bajaj and TVS each climb 26%. Hyundai bucks the trend with a 20% decline. EV momentum continues across segments.
June wholesale auto sales expected strong: PVs +26%, two-wheelers +18%. Tata Motors PV jumps 71%, M&M PV +31%, Maruti +22%, Bajaj and TVS +26% each, while Hyundai declines 20%. EV momentum continues.
Why this matters
Maruti's projected 22% June gain follows GST 2.0 cuts reviving small-car demand and up to Rs 90,000 in June discounts, supporting JPMorgan's 26% upside call on margin improvement.
Retail-company theme accelerating at +444300% QoQ.