Hyundai Motor India Ltd (HMIL) reported a 5.6% decline in domestic sales at 37,562 units in June. Tata Motors said its domestic passenger vehicles sales were impacted by the mixed reactions towards GST resulting in low buying sentiments. Passenger vehicle sales during the month were at 11,176 units, down 10% from 12,482 units in June 2016. Utility vehicle major Mahindra & Mahindra (M&M) also reported a 3% decline in domestic sales at 33,861 units last month. Commercial vehicle sales were, however, up 12% at 15,131 units in June against 13,538 units in the year-ago period.

Source: Mint July 01, 2017 14:37 UTC