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Auto Sales Surge: May Sets New Records
1 Jun
Summary
- Maruti Suzuki achieved its highest-ever monthly sales total.
- Bajaj Auto's exports jumped significantly by 34%.
- Supply chain issues constrained Mahindra's strong sales growth.
May proved to be an exceptionally strong month for the Indian automotive sector, with major manufacturers reporting record-breaking sales figures. Maruti Suzuki India led the charge, achieving its highest-ever monthly sales volume of 2,42,688 units, with domestic sales also reaching an all-time high.
Bajaj Auto demonstrated impressive export momentum, shipping 4,61,257 vehicles overall, a 34% increase driven by a substantial rise in international sales. The company's two-wheeler and commercial vehicle segments also saw healthy domestic growth.
Mahindra & Mahindra recorded a 20% sales gain, with strong performance in its SUV and commercial vehicle segments. However, the company's CEO indicated that supply chain challenges, stemming from supplier manpower shortages, are constraining demand fulfillment.
Other key players like Hyundai Motor India and Tata Motors also reported positive domestic sales growth for May, indicating broad-based strength across the industry. The overall export performance for May was a defining positive, with significant year-on-year increases reported by multiple manufacturers.
