Auto Industry June Update: Mahindra, Maruti Grow While EVs Shine Across Markets

June auto sales reflected a mixed but largely positive trend for the Indian automobile industry. Mahindra & Mahindra and Maruti Suzuki posted strong year-on-year growth, supported by robust SUV demand and healthy export volumes, while Hyundai reported a decline due to temporary supply chain disruptions. JSW MG Motor and Skoda also delivered encouraging performances during the month. A key highlight came from Tata Motors, where electric vehicles accounted for nearly 23% of total sales, with one in every three new bookings being for an EV. The numbers suggest that demand for SUVs and electric vehicles continues to remain strong despite industry-wide challenges.