Auto Sales February 2022: M&M’s Sales Surged 89%, Tata Motors Increased 47%

Top automobile manufacturers recently reported their sales for the month of February 2022. A shortage in the supply of semiconductors has impacted the production and hence the sales of these companies.

Tata Motors Registered a 47% Growth 

Tata Motors registered a 47% sales growth in the passenger vehicle segment. It sold 39,981 units in February 2022 as compared to  27,225 units in 2021.

TVS Motor Sales Decline 5%

TVS Motor Company Limited posted a total sales of 2,81,714 units in February 2022, down by 5% as compared to 2,97,747 units in the same month, last year. 

The company said “The shortage in supply of semiconductors has impacted the production and sales of premium two-wheelers. We are cautiously optimistic that the supply of semiconductors will improve in the coming months.” 

Mahindra & Mahindra Sales Increased By 89%

Automotive manufacturer Mahindra & Mahindra’s sales surged by 89% to 54,455 units in February, as compared to 28,777 units in February last year.

“All segments showed robust growth including SUVs at 79 percent, which registered the highest ever monthly volume. We expect demand to continue to remain strong as the Covid situation eases further. We continue to closely monitor the semiconductor-related parts supply and take corrective action as appropriate,” M&M Automotive Division CEO Veejay Nakra said.

Ashok Leyland Reported A 7% Rise

Ashok Leyland, a Hinduja flagship company, reported a 7% rise in its commercial vehicle sales. It sold 14,657 units in February 2022 and 13,703 units in February 2021.

Maruti Suzuki’s Sales Decline By 8.46%

Maruti Suzuki, India’s largest car maker reported a marginal drop in total wholesales from 1,64,469 units in February 2021 to 1,64,056 units in February 2022. 

“The shortage of electronic components had a minor impact on the production of vehicles which are primarily sold in the domestic market. The company took all possible measures to minimize the impact,” it said.

Royal Enfield’s Sales Declines By 15%

Motorcycle maker Royal Enfield, a part of Eicher Motors, said that its total wholesales decreased by 15% in February 2022. The company had reported sales of 69,659 units in February 2021 as compared to 59,160 units in February this year.

“Supply chain constraints due to the shortage of semiconductor chips continued to persist during the month and the company is assiduously working with its supplier ecosystem to resolve the same,” the company said.