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GST Effect – Top Cars by sales – June 2017

GST Effect – Top Cars by sales – June 2017

Snapshot: Due to the implementation of GST, prices of cars dropped significantly. People postponed the purchase and as a result the sales in the month of June were quite poor. Here's the report.

Taking into account the discounts that most manufacturers were pouring in, we predicted in our last month’s article that, June would be a better month for car sales number. We could not have been more wrong since June proved to be quite the opposite. Among the top manufacturers, Maruti witnessed a drop of 28.6 percent in sales and recorded sales of 93057 against 130248 units last month. 

Hyundai and Mahindra were down too from 42007 and 18735 units to 37562 and 15020 this June (drop of 10.6% and 19.8% respectively). Surprisingly, Honda saw a gain and was up from 11278 units last month to 12804 units (13.5% increase). Toyota, which is normally in fifth or sixth spot was in the 10th spot with sales of 1973 units and was perhaps most affected with 81% drop in units. Tata maintained the spot with 5% increase in sales (10855 units in May, 11176 units in June).

Among top cars with respect to sales, Alto retains the crown, though sales were down from 23618 units to 14856 in June. In the second spot was the Hyundai Grand i10 with sale of 12317 units. Third and fourth spot were respectively occupied by Maruti Dzire and Maruti WagonR with sales of 12049 and 10668 respectively. Elite i20 was in fifth spot with 10609 units of sale. While every top-selling car saw a drop in sales, only Dzire saw a growth of 28%.

It’s expected with GST in place now, and updated prices announced by manufacturers, sales are expected to return to normal. Since most manufacturers have slashed prices on cars, it’s expected that July would be one of the best month this year.

Read – List of cars you can now buy for cheaper!      

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