auto makers saw a dip in sales in June-Rivals eat into Tata Motors, Maruti's sales in June
Rivals eat into Tata Motors, Maruti's sales in June Costlier loans, increased fuel prices and high inflation continue to deter buyers from queuing up for new cars, and the incumbents -- Tata Motors and Maruti Suzuki are feeling the heat. The two of India’s largest auto makers saw a dip in sales in June, even as new launches drove sales growth for Toyota and Ford. Maruti Suzuki, India’s largest passenger car maker, sold around 20,000 vehicles less than what it did in May, a drop of about 23%. Year-on-year sales fell 8.8% in June. This was more to do with the workers strike at its plant in Manesar, which hurt production of its SX4 and Swift D’zire sedans for 10.5 days. The company also took its planned maintenance shutdown at its Gurgaon plant for six days during the month. However, competition too is catching up on the market leader with recent launches by Toyota (Etios sedan and Liva hatchback), Ford (Figo), Nissan (Micra) among others putting pressure on sales of its vehicles....