Indian automakers delivered a strong performance across segments in June 2026, as healthy retail demand boosted sales, with brokerages highlighting that commercial vehicle wholesales strongly beat estimates.
Motilal Oswal Financial Services, in its note, highlighted that retail demand momentum remained healthy for passenger vehicles and tractors in June, while two-wheelers saw a revival after a tepid performance in May. Commercial vehicle retail, on the other hand, was relatively soft due to the ongoing geopolitical conditions. However, wholesale sales for the month came in strong, beating our estimates across the board.
