The sales of cars in India have been low for some companies this year despite a high buying sentiment among consumers. However, many carmakers registered a significant sales growth in India last month as compared to March 2021.
Tata Motors, Skoda and Kia India posted their highest ever monthly wholesales last month, while Maruti Suzuki and Hyundai Motor reported a decline in dispatches to dealers in March as a shortage of electronic components impacted production. The shortage of electronic components continued to impact auto production in the country.
“The ongoing crisis with regard to Russia and Ukraine could, however, impact semiconductor chip production, as Russia and Ukraine are both suppliers of raw materials used in semiconductor manufacturing, and remains monitorable. The impact of the crisis in the form of higher fuel and commodity prices also poses a risk to demand prospects, in case it materialises into a long-drawn-out war,” Rohan Kanwar Gupta, VP and sector head – Corporate Ratings, ICRA, said.
Tata Motors
- The company recorded the highest-ever annual sales of 3,70,372 units, up 67% over FY21.
- The total domestic sales of Tata Motors increased 30% from 66,462 units in March 2021 to 86,718 units in March 2022.
- Its passenger vehicle wholesales increased 43% from 29,654 units in March 2021 to 42,293 in March 2022.
- Its commercial vehicle sales increased from 40,462 units in March 2021 to 47,050 units in March 2022.
- The company’s EV sales touched 19106 units, a growth of 353% from FY21.
- They ended the financial year with the highest-ever monthly sales of 42,293 units.
“We posted the highest-ever annual, quarterly and monthly sales, supported by a strong demand for our New Forever range and agile actions taken on the supply side,” said Shailesh Chandra, Passenger Vehicles Managing Director, Tata Motors. Full Report
Ashok Leyland
- The company reported a 17 per cent year-on-year growth in its total vehicle sales, including exports, from 17,231 vehicles in March 2021, to 20,123 units in March 2022.
- Total Medium and heavy commercial vehicle (M&HCV) sales spiked 26% from 11,101 units in March 2021 to 13,990 units in March 2022.
- Total Light Commercial Vehicles (LCV) sales stood flat at 6,133 units in March 2022. During the same period last year it sold a total of 6,130 LCVs.
- The total domestic sales grew 18% from 15,761 units clocked in March 2021, to 18,556 units in March 2022. Full Report
Mahindra & Mahindra
- Mahindra & Mahindra (M&M) total sales increased by 35 per cent to 54,643 units in March 2022 as compared with 40,403 units in the year-ago period.
- It sold 27,603 passenger vehicles last month in the domestic market as compared with 16,700 units in March 2021.
- The company sold 23,880 commercial vehicles in the domestic market last month as against 21,577 units in the year-ago period.
- Its exports increased by 49% from 2,126 units in March 2021 to 3,160 units in March 2022. Full Report
Nissan India
- The automaker reported a 25 per cent decline in domestic wholesales from 4,012 units in March 2021 to 3,007 units in March 2022.
- The company’s domestic wholesales increased from 18,886 units in FY21 to 37,678 units in FY22.
- SUV Magnite has crossed a total of more than one lakh bookings in the domestic and export markets.
Rakesh Srivastava, Managing Director, Nissan Motor India said that the year ended March 2022 has been “a year of turnaround” for the company riding on the back of compact SUV Magnite. Full Report
Hyundai Motor India
- The company’s total sales declined 14 per cent from 64,621 units in March 2021 to 55,287 units in March 2022.
- The company reported total sales of 6,10,760 units for 2021-22 fiscal, up by 6 per cent from 5,75,877 units in 2020-21.
- Sales in the domestic market increased from 4,71,535 units in 2020-21 to 4,81,500 units in FY22.
- Exports increased by 24 per cent from 104,342 units in FY21 to 1,29,260 units in FY22. Full Report
Kia India
- The company’s wholesales increased by 18% in March 2022 to 22,622 units compared to the same month last year.
- In March, Seltos remained the company’s best-seller with 8,415 unit sales. The newly launchedCarens picked pace, registering 7,008 unit dispatches.
- The company recently crossed 5 lakh dispatches from the Anantapur plant, including 4 lakh domestic sales and 1 lakh exports to more than 91 countries.
“We are still in the recovery phase, as the semiconductor shortage remains a concern, which has affected our planned production. However, we assure our customers that we are vigilant of the trends globally and taking adequate measures to keep the waiting periods in check,” Hardeep Singh Brar, VP and Head of Sales & Marketing, Kia India said. Full Report
Maruti Suzuki
- The company clocked the highest-ever exports of 2.38 lakh units in FY22.
- It reported overseas shipments of 26,496 units in March 2022, its highest ever monthly number so far.
- The country’s largest carmaker Maruti Suzuki India reported a 2 per cent rise in total wholesales from 1,67,014 units in March 2021 to 1,70,395 units in March.
- the company’s domestic dispatches decreased from 1,55,417 units in March 2021, to 1,43,899 units in March 2022.
- The company posted a total sales of 16,52,653 units, a growth of 13 per cent over 2020-21. This includes domestic sales of 13,65,370 units, sales to other OEMs of 48,907 units and the highest ever exports of 2,38,376 units.
- Its domestic dispatches in March declined 7 per cent to 1,43,899 units from 1,55,417 units in March 2021.
“The shortage of electronic components had some impact on the production of vehicles in FY 2021-22. The company took all possible measures to minimise the impact. As the supply situation of electronic components continues to be unpredictable, it might have some impact on the production volume in FY 2022-23 as well,” the company said. Full Report
Toyota Kirloskar Motor
- The company reported total wholesales of 17,131 units in March, its best-ever monthly sales in five years.
- It registered a 58 per cent cumulative growth in FY2021-22 as wholesales increased from 78,262 units in FY21 to 1,23,770 units in FY22.
- The company’s dispatches rose by 14 per cent compared to 15,001 units in March 2021.
“We have been witnessing tremendous demand from the market and our March wholesales stand testimony to the current demand trends. Not only that, it also reiterates the kind of popularity all Toyota models enjoy in their respective segments and the fact that we have been able to offer products basis our customers’ expectations,” said Atul Sood, Associate Vice President, Toyota Kirloskar Motor. Full Report
Skoda Auto India
- The reported a five-fold increase in its sales from 1,159 units in March 2021 to 5,608 units in March 2022.
- The company sold 13,120 vehicles in the January to March quarter this year and this turned out to be the best for the company in terms of sales.
“The concerted efforts of the entire team to ensure the successful roll-out of the INDIA 2.0 project are bearing fruit. This project is not only about new platforms and products, but an entire rejuvenation of our business processes – enhancing the ownership experience, widening the reach of our network, getting closer to our customers and a variety of value-added services,” said Zac Hollis, Skoda Auto India Brand Director. Full Reports
