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Auto Sales
Domestic vehicle sales during June have been on a growth trajectory across most categories owing to the lower numbers posted by companies during same period last year. But the Society of Indian Automobile Manufacturers, which released the monthly sales report, cautioned of an impending slowdown in the coming months.
Passenger car sales languished, recording a growth of 6 per cent at 99,738 units. Maruti Suzuki sales marched marginally 2.41 per cent at 48,935 units and Hyundai grew 34 per cent at 21,877 units. Honda Siel Cars India sold 4,438 units of its car models like Civic, City and Accord grew 3.69 per cent. Car makers like Maruti, Tata Motors lowered discounts on select models as creeping interest rates, fuel prices and inflationary pressures failed to entice buyers.
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