India Auto Sector Posts Robust July Sales on SUV Demand

Hyundai Motor Group-owned Kia India also reported its best-ever July wholesale performance, with dispatches rising 27.4 per cent year-on-year to 28,200 units. Cumulative dispatches from January to July stood at 1,91,949 units, up 16.8 per cent from the corresponding period a year earlier.

Tata Motors Passenger Vehicles reported total sales of 63,760 units in the domestic and international markets in July, up 59 per cent from 40,175 units a year ago. Domestic passenger vehicle sales stood at 62,611 units, a 58 per cent increase. The company’s electric vehicle business continued to outperform, with EV sales more than doubling to 15,217 units from 7,124 units in the previous year.

Mahindra & Mahindra recorded a 26 per cent rise in total auto sales to 1,03,860 units. Domestic utility vehicle sales — the mainstay of its passenger vehicle business — increased 20 per cent year-on-year to 60,048 units.

Nissan Motor India also posted record monthly wholesale volumes, with total dispatches rising to 9,339 units. Domestic wholesales surged 218 per cent year-on-year to 4,518 units, while exports stood at 4,821 units. The company attributed the performance to the launch of its new TEKTON SUV, deliveries of which began during the month, expanding its SUV portfolio alongside the Magnite and Gravite.

The July figures indicate that demand for sport utility vehicles continues to drive growth in the domestic passenger vehicle market, while rising exports and strong electric vehicle sales are providing additional support for automakers.