GST impact: June may see muted growth in car sales, decline unlikely

GST impact: June may see muted growth in car sales, decline unlikely

Latest News – Car makers are unlikely to see a double digit growth in volumes during June but a YoY decline is ruled out even as dealers may end up taking some hit in transition to GST. This because last year June had a low base caused by a decline in volumes of Maruti Suzuki, which sells every second car in the country.

In June 2016, the industry sold 223,454 vehicles (cars, utility vehicles and vans) with a growth of just 2.6 per cent. Maruti’s volume had declined over ten per cent in that month to 92,133 units. Maruti sold 130,248 units in May this year. Even if it reports a sequential decline in June compared to May (owing to a week’s maintenance shutdown), it is certain to report a healthy growth over last June. The industry sold 251,642 vehicles in (Read More)

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