Thanks to the goods and services tax being rolled out from 1st July, many decided to postpone their purchases and that has affected new car sales.
The biggest car-maker in India, Maruti Suzuki, had sales of 93263 units in June 2017 whereas in May it sold 130,676 units. In total it sold 394571 units in the quarter April-June 2017, growing 13.2% over the same period of last fiscal.
Hyundai registered domestic sales of 37,562 units for the month of June 2017 which is a 5 percent drop year on year. In comparison it had 42,007 units sold for the month of May 2017.
It sold 6,149 units in June as against 9,469 units in June last year.
It registered monthly domestic sales of 12,804 units in June 2017 against 11,407 units in corresponding month last year, registering a growth of 12.2%. In May 2017 it sold 11,278 units.
In terms of passenger vehicle sales it had 11,176 units in June while in terms of May it sold 10,855 units. However in June 2016, sales were higher with 12,509 units.
Words- Sunil Kumar