Shares of
Maruti Suzuki
and
Hyundai Motor India
were also trading lower.
Maruti Suzuki reported a 6% decline in domestic passenger vehicle dispatches to dealers, which stood at 1,35,962 units last month, compared to 1,44,002 units in the same period last year.
Hyundai Motor India announced on Monday that its total sales fell by 8% year-on-year to 58,701 units in May. According to a statement from Hyundai Motor India Ltd (HMIL), the company had recorded total sales of 63,551 units in May of the previous year. The automaker also reported an 11% drop in domestic dealer dispatches, which fell to 43,861 units in May, down from 49,151 units during the same month last year.
