It’s June 2024, and vehicle sales details for May 2024 will roll in today, Big OEMs such as Maruti Suzuki, Hyundai, Tata Motors, Royal Enfield, Mahindra, Suzuki, TVS, and others will share details today. Last month, most manufacturers saw a YoY growth in sales and this month, will the success story continue? Let’s find out.
The battle between Hyundai and Tata Motors is sure to continue for second place, while Maruti Suzuki will continue to dominate the Indian market in terms of car sales, while Hero MotoCorp will lead the two-wheeler segment. So here are all the live sales updates from May 2024.
Auto sales May 2024 highlights: Maruti Suzuki, Hyundai, Tata Motors, Hero MotoCorp, Bajaj, TVS, Royal Enfield and more
MG Motor claims positive traction for its Electric vehicles (EVs), with 36% of its overall monthly sales coming from EVs. Further, MG also claims the highest-ever monthly sales of ZS EV in May. Although, MG is yet to share the exact break up of sales for May 2024.
In April 2024, MG Motor India registered a sales figure of 4,485 units. It has resulted in a MoM growth of 6%.
MG Motor has clocked a monthly sales volume of 4769 units in May 2024, resulting in a YoY decline of 4.7%. During the same month last year, MG recorded a sales figure of 5,006 units.
Retail demand for both PVs and two-wheelers are likely to witness a slowdown due to multiple reasons like absence of marriage season dates, weak foot traffic, ongoing elections, and heatwave across the country.
Industry analysts predict 2-4% YoY growth in the two-wheeler segment. Southern regions likely to grow better than the Northern regions.
Industry analysts have predicted a 6-8% YoY sales increase in the passenger vehicle segment for May 2024.