Passenger vehicle dispatches see muted growth in June as high base effect kicks in

Passenger vehicle wholesales saw a marginal growth of 4% in June on account of high base effect and muted demand due to severe heatwave conditions in several parts of the country

Passenger vehicle wholesales saw a marginal growth of 4% in June on account of high base effect and muted demand due to severe heatwave conditions in several parts of the country.

Overall passenger vehicle dispatches last month stood at 3,40,784 units, a growth of 3.67% compared with 3,28,710 units in June 2023.

Market leader Maruti Suzuki India said its total domestic passenger vehicle sales stood at 1,37,160 units last month compared to 1,33,027 units in the year-ago month, a growth of 3%.

Sales of mini-segment cars, comprising Alto and S-Presso, declined to 9,395 units from 14,054 units in June 2023. Sales of compact cars, including Baleno, Celerio, Dzire, Ignis, Swift, Tour S and WagonR, stood at 64,049 units against 64,471 units in the year-ago month.

Utility vehicles, consisting of Brezza, Grand Vitara, Ertiga and XL6 clocked sales of 52,373 units last month compared to 43,404 units a year earlier. The company currently has a network stock of 37-38 days spread across the country, Maruti Suzuki India Senior Executive Officer (Marketing & Sales) Partho Banerjee said.

Rival Hyundai Motor India said its domestic sales remained flat at 50,103 units last month as compared to 50,001 units in the year-ago period.

Tata Motors said sales of passenger vehicles, including electric vehicles, in the domestic market, were lower by 8% at 43,624 units in June as compared with 47,359 units in the year-ago month.