BUSINESS

Maruti, Hyundai PV sales dip in March, but Tata, Kia, Toyota clock most practical doubtless-ever sales

Records


Two-wheelers calm within the behind lane as rural inquire of of is hit

Whereas market leaders Maruti Suzuki India (MSIL) and Hyundai Motor India (HMIL) reported a decline in their home passenger vehicles sales numbers in March, firms fancy Tata Motors, Kia India, Toyota Kirloskar Motor and Skoda Auto recorded most practical doubtless ever monthly sales correct thru the month.

MSIL reported a decline of larger than 8 per cent one year-on-one year (YoY) to 1,33,861 devices against 1,46,203 devices in March 2021.

The firm talked about the dearth of digital substances had some impact on the manufacturing of vehicles in 2021-22 and since the provision scenario of digital substances remains to be unpredictable, it will perchance need some impact on the manufacturing quantity in FY23 as properly.

As commodity costs are calm going up, MSIL talked about it used to be searching on the scenario and would protest a note hike accordingly.

“Commodity costs were high for a actually very prolonged time — whether it’s a ways steel or aluminium – the costs are almost doubled as in comparison with final one year. That’s clarification why auto firms saved rising the price for the final one-and-a-half of years, and we possess now also done four note hikes since January 2021 by as much as 9 per cent (cumulative). We’re searching on the scenario fastidiously,” Shashank Srivastava, Senior Govt Director (Advertising & Sales), MSIL, told BusinessLine.

‘Creta’ maker HMIL reported a decline of 19 per cent YoY to 44,600 devices in March in comparison with 52,600 devices in corresponding month final one year.

Honda Autos India, MG Motor India and Nissan India too reported decline in sales YoY correct thru the month.

However, dwelling-grown firms Mahindra & Mahindra and Tata Motors recorded high double-digit enhance of 65 per cent and 43 per cent respectively in their sales in March.

“Tata Motors net page several recent files in a now not easy one year, disrupted by two waves of Covid, semi-conductor crisis and steep enhance in commodity costs. We posted the most practical doubtless ever annual, quarterly and monthly sales, supported by a stable inquire of of for our Fresh Without a sign of ending differ and agile actions taken on the provision side,” Shailesh Chandra, Managing Director, Tata Motors Passenger Autos and Tata Passenger Electrical Mobility, talked about.

He talked about the firm ended the financial one year with the most practical doubtless-ever monthly sales of SUVs of 29,559 devices and EV sales continued to seek a like a flash enhance in inquire of of on the back of stable acceptance of Nexon EV and Tigor EV.

Kia India, which is in its third one year in India, also carried out its finest-ever monthly sales, registering 22,622 devices in March. The firm had sold 19,100 vehicles in March final one year.

Within the 2-wheeler segment, the enterprise calm continues to wrestle with negative sales correct thru the month.

Commercial vehicles, then again, showcased the correct performance with numerous the gamers including Ashok Leyland, Volvo Eicher, M&M and Tata Motors recording double-digit enhance correct thru final month.

Tractor makers including Escorts and M&M remained subdued correct thru the month as a result of high harmful of final one year.

Published on


April 01, 2022

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