India's auto market back with a bang 🔥

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Jul 2, 2021

1 min read

June data shows a resounding comeback for India’s automotive industry, which had frozen in its track in May, now breathing some optimism into the markets.

Quick look:

  • Maruti Suzuki sold 1.47 lakh cars in June, nearly 3x’ing its volumes in June compared to May
  • Tata Motors saw a similar rebound, bit less enthusiastic, but a respectable 60% bump
  • Other passenger car sellers looked great too — MG doubled volumes, Mahindra grew by 89%, all hinting at consistent consumer improvement

Meanwhile in the commercial segment as well the party was promising — with Ashok Leyland as well as Mahindra’s farm biz blasting 100%+ growth rates!

Big picture — cars clearing from lots is not just great for the auto stocks, but reads well for downstream financial services, suppliers of parts, service providers, while signaling some consumer strength.

Here We Go Race GIF by MASTERPIECE | PBS
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