June is expected to be strong again for the medium and heavy commercial vehicles (MHCV) segment. Nomura expects 24 per cent y-o-y sales volume growth in the MHCV category. It said two-wheeler sales growth may be around 5 per cent but passenger vehicles growth could be flat. Auto majors, such as Ashok Leyland, M&M, Tata Motors, Maruti Suzuki, Eicher Motors, Escorts, Bajaj Auto, Hero MotoCorp and TVS Motor are likely to release their June sales data on Wednesday.
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.