Business

Tata Motors, Kia Record Highest Sales Ever, While Maruti, Hyundai Wholesales Decline In March


Maruti, Hyundai reported declines, while Tata Motors, Skoda and Kia recorded record highs.

New Delhi:

The country’s leading carmakers Maruti Suzuki and Hyundai Motor reported declines in deliveries to dealers in March as a shortage of electronic components affected production.

In contrast, Tata Motors, Skoda and Kia India recorded their highest monthly wholesale sales last month.

Toyota Kirloskar Motor said its shipments in March were the highest in the past five years while Mahindra & Mahindra also reported a strong increase in its passenger vehicle shipments in March.

The country’s largest carmaker Maruti Suzuki India (MSI) said its domestic shipments in March fell 7 per cent to 1,43,899 units from 1,55,417 units last year.

For the full financial year 2021-22, the company recorded total sales of 16,52,653 units, a 13 percent growth over 2020-21.

“The shortage of electronic components has little impact on vehicle production in FY 2021-22. The company is taking all possible measures to minimize the impact. As the supply situation of electronic components continues to be unpredictable, it may have little impact on production volume in FY 2022-23 too, “MSI said.

Last month, sales of mini cars, including the Alto and S-Presso, dropped to 15,491 units from 24,653 in the same month last year.

Similarly, sales in the compact segment, including models such as the Swift, Celerio, Ignis, Baleno and Dzire, increased slightly to 82,314 units compared to 82,201 cars in March 2021.

Sales of utility vehicles, including the Vitara Brezza, S-Cross and Ertiga, declined to 25,001 units from 26,174 vehicles last month, MSI said.

Rival Hyundai Motor India said its total sales fell by 14 per cent to 55,287 units in March, compared to the same month last year.

The company has shipped 64,621 units to its distributors in March 2021.

Tata Motors said its passenger vehicle sales in March were the highest in a month.

The company reported wholesale sales of 42,293 units last month, up 43 percent, from 29,654 units in March 2021.

“We recorded the highest annual, quarterly and monthly sales ever, supported by strong demand for our New Forever range and agile action taken in terms of supply,” Tata Motors Passenger Vehicles MD Shailesh Chandra said in a statement.

Mahindra said its passenger vehicle shipments increased 65 per cent to 27,603 units last month in the domestic market compared to 16,700 units in March 2021.

“Demand remains strong, although we remain vigilant on the global supply chain and take appropriate action, as needed,” said M&M (Automotive Division) CEO Veejay Nakra.

Toyota Kirloskar Motor (TKM) reported a wholesale volume of 17,131 units in March, its best monthly sales in five years.

Last month, the company’s shipments rose 14 percent from 15,001 units in March 2021.

“We have seen tremendous demand from the market and our Mac wholesale sales are a testament to the current demand trend. Not only that, it also reiterates the kind of popularity enjoyed by all Toyota models in their respective segments and the fact that we have been able to offer products based on our customers’ expectations, “said TKM Associate Vice President (Strategic Sales and Marketing), Atul Sood.

Carmaker Kia reported its best monthly sales in March at 22,622 units.

The company said its wholesale sales last month rose 18 per cent to 22,622 units from the same month last year.

“Our growing sales volume can be attributed to the recently launched Carens, which has won the hearts of Indian customers. We expect this excellent positive trajectory to continue, supported by our revolutionary products and quality customer service experience,” VP and Chief Kia India Sales & Marketing Hardeep Singh Brar said.

Similarly, Skoda Auto reported a five -fold increase in its sales at 5,608 units in March compared to 1,159 units in the same month last year.

This is the highest sales volume ever recorded in a month by the carmaker in its two -decade history in India.

The company’s previous highest monthly level was recorded in June 2012 when it shipped 4,923 units.

“The concerted efforts of the entire team to ensure the successful implementation of the INDIA 2.0 project are bearing fruit. The project is not just about new platforms and products, but the overall rejuvenation of our business processes – improving the ownership experience, expanding our network reach, getting closer to our customers and a range of value services added, “said Skoda Auto India Brand Director Zac Hollis.

MG Motor India reported a 14.5 per cent decline in retail sales in March at 4,721 units, weighed down by supply chain constraints due to the new COVID-19 variant and the continuing global semiconductor chip shortage.

The company had sold 5,528 units in March last year.

Nissan India also reported a 25 per cent drop in domestic wholesale at 3,007 units in March.

The company has registered 4,012 units in domestic wholesale as of March 2021.

Agrasmartcity

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