Mahindra, Maruti Post June Growth on SUV Demand as EVs Gain Traction
June auto sales saw Mahindra and Maruti Suzuki log strong YoY growth on SUV demand, while Hyundai slipped on supply issues. Tata Motors EVs hit nearly 23% of sales, with one in three new bookings now electric.
June auto sales showed Mahindra and Maruti posting strong YoY growth on SUV demand, Hyundai declining on supply issues, while Tata Motors EVs hit nearly 23% of sales and one in three bookings.
Why this matters
The growth aligns with Mahindra's June momentum, with total sales up 37% to 106,207 units on SUV, CV and tractor demand, even as the company plans July price hikes on elevated input costs.
Retail-company signals are accelerating, up 478800% QoQ.