The 3rd generation Swift displayed at the Auto Expo 2018, in Delhi. (Photographer: Krishanu Mukherjee/BloombergQuint)

Auto Sales Improve But At A Slower Pace In May 

Automobile sales continued to grow in May but at a slower pace than same period year ago due to a high base, according to BloombergQuint’s survey of more than 35 dealers across the country.

Passenger vehicles fared better than two-wheelers in the traditionally lean month for sales ahead of monsoon, the survey found.

Key takeaways from the dealer survey:

Passenger Vehicles

Maruti Suzuki:

  • The company has managed to ramp-up production leading to better sales for most of its popular models like Swift, Baleno, Dzire and Brezza.
  • Also, customers are buying more since they expect a price hike next month. However, the company hasn’t announced any such plans.

M&M:

  • Except Bolero, most of the company’s offerings witness flat-to-marginally month-on-month growth.

Tata Motors:

  • Sales jumped on account of a low base.
  • Overall demand and increased presence helped volumes. The company’s advertising spend also boosted volumes as it was the official partner of the Indian Premier League 2018.

Two-Wheelers

Hero MotoCorp:

  • Strong demand in the entry-level segment.
  • Launched the Xtreme 200R in May.
  • Expect five new launches this financial year.

TVS Motor:

  • Strong demand for the company’s flagship scooter Ntorq and motorcycle Apache RR 310.

Bajaj Auto:

  • Sales rose year-on-year as the two-wheeler maker had witnessed a weak May last year.

Royal Enfield:

  • The firm’s Thunderbird 500X and 350X have a waiting period of two months.
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