Domestic car sales expand 19% in May; Maruti, Tata Motors led growth

The domestic passenger vehicle industry is estimated to have clocked high double-digit growth of 19 per cent in sales for the month of May, led by a strong performance by Maruti Suzuki, Tata Motors and Honda. Dealers have stocked vehicles in the run-up to a price hike, which is expected by leading players sometime this month. These are sales to dealerships and not to end-customers.

Market leader Maruti Suzuki led the growth with a 24 per cent year-on-year (y-o-y) increase in volume of passenger vehicles (cars, utility vehicles and vans). The company’s volume growth in May was driven by the