NEW DELHI: Automobile trade might he heading for a slowdown, with high three firms (Maruti Suzuki, Hyundai and Tata Motors) lowering wholesale deliveries to dealerships in July (year-on-year), round two months earlier than begin of festive season. Maruti’s dispatch numbers have been down 10%, whereas for Hyundai the vendor gross sales have been decrease by 3%. Tata Motors was additionally within the purple, with July gross sales down 6%.Honda Vehicles was additionally down by 5%.
Whereas Mahindra & Mahindra and Toyota reported optimistic numbers in July, rising by 15% and 44% respectively, most of their dispatches are for finishing backlog deliveries which were pending. In two-wheelers, Hero Moto was down 6%, whereas HMSI was up 41%.
Whereas Mahindra & Mahindra and Toyota reported optimistic numbers in July, rising by 15% and 44% respectively, most of their dispatches are for finishing backlog deliveries which were pending. In two-wheelers, Hero Moto was down 6%, whereas HMSI was up 41%.
