Maruti hits all-time monthly sales high; CNG bookings jump 40%, EV demand doubles
Maruti Suzuki achieved its highest-ever monthly sales in May, driven by strong performance across all segments, including a significant surge in small car and utility vehicle sales. Tata Motors also reported robust growth, setting a new record for...
“CNG vehicles are particularly in demand, with bookings rising by 40% last month,” said Banerjee. “EV bookings too doubled in this period,” he said, adding that demand momentum will continue if the Iran conflict is resolved.
Tata Motors, the second-largest carmaker, sold 59,090 units in May, rising 42% from a year earlier. The company recorded its highest-ever EV sales during the month at 10,517 units.
At Mahindra & Mahindra (M&M), sales rose 11% to 58,021 units. Meanwhile, Toyota grew volumes by 4% at 30,574 units last month.
Nalinikanth Gollagunta, CEO, Automotive Division, M&M, said, “sustained demand across our portfolio continues, (though the company is) constrained by supply chain challenges due to manpower shortages at select suppliers.”
Tarun Garg, MD & CEO, Hyundai Motor India, said the company continued its strong momentum of the year into May as well, achieving domestic sales of 47,837 units with 9.1% YoY growth and total sales of 61,137 units with 4.1% YoY growth.
The two-wheeler market witnessed steady demand during the month. While sales at Honda Motorcycle & Scooter India (HMSI) went up by 10% to 459,611 units last month, two-wheeler dispatches at TVS Motor Company grew 24% to 384,565 units. Midsize motorcycle maker Royal Enfield saw volumes rise 24% to 94,115 units in the month under review.
B Govindarajan, managing director, Eicher Motors and chief executive officer, Royal Enfield, said, “We are carrying our momentum in FY27 with continued growth in Q1, despite the prevailing macro-headwinds.”
In the commercial vehicle segment, market leader Tata Motors recorded 17% sales growth at 32,850 units in May. Chennai-based Ashok Leyland reported a 3% increase at 14,534 units. VECV posted a 9.1% growth at 7,375 units last month.
In the farm equipment sector, demand remained healthy with M&M recording 23% growth to sell 47,845 units last month. Veejay Nakra, president, farm equipment business at M&M, said: “This high growth was driven by timely completion of Rabi harvesting & favourable terms of trade for farmers.”
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