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Auto majors such as Maruti Suzuki, Bajaj Auto, Hero MotoCorp and Ashok Leyland will announce their June sales figures this week. Tata Motors, Mahindra & Mahindra and TVS Motor have already released theirs. Tata Motors reported a three per cent decline at 64,341 units against June 2011. Nevertheless, the number is flat compared with May figures of 64,347. M&M reported a 16 per cent rise at 41,322 units against 35,584 units in the same month last year. On a sequential basis, the figure is lower. In May, M&M sold 43,988 units. For TVS Motor, which is struggling to retain market share, the sales figures skidded sequentially as well as on a year-on-year basis. It sold 1,65,483 units in June against 1,76,012 units in May and 1,82,456 units sold June 2011. With an inventory pile-up forcing companies such as Tata Motors, and Bosh Ltd to shutdown productions temporarily, auto stocks will remain under pressure.
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