SUVs have contributed to over 48 % of passenger automobile gross sales since April 2021.
Because the semiconductor provide, which affected the trade for over two years, eases world wide automobile gross sales have additionally began displaying indicators of enchancment.
The June 2022 gross sales numbers as introduced by 10 of 16 passenger automobile producers is 3,06,162 models , a 26 % year-on-year development. Importantly, these 10 producers offered extra automobiles final month than the entire trade’s gross sales of two,31,633 models in June 2021, which is a 32 % enhance.
Right here’s how the highest carmakers fared final month.
Maruti Suzuki India: 1,22,685 models / -1.28 %
Maruti Suzuki had a subdued June with gross sales of 1,22,685 models, down 1.28 % on June 2021’s 1,24,280 models. One can pin this marginal decline on manufacturing speed-breakers like the continuing chip scarcity difficulty, Maruti Suzuki on the brink of roll out the brand new Brezza, and the automaker’s annual upkeep shutdown for a couple of days final month. In June 2022, the carmaker rolled out 1,40,478 models – 13.8 % lower than the 1,63,037 models produced in June 2021.
However, the flush-with-SUVs market will be unforgiving and Maruti Suzuki noticed its gross sales drop 34 % in June 2022. The carmaker, which has an order backlog of three,05,000 models within the home market, is quickly anticipated to extend its manufacturing .
Hyundai Motor India: 49,001 models / 21 %
India’s second largest carmaker by quantity, Hyundai, despatched a complete of 49,001 models, up 21 % from June 2021’s 40,496 models. Whereas the favored Creta continues to energy its numbers, the corporate is seeing recent traction for its new Venue facelift which was launched on June 16, priced at Rs 7,53,000 (ex-showroom). In Might 2022, the pre-facelift Venue drove previous the three-lakh gross sales determine,
Tata Motors: 45,197 models / 87 %
Tata Motors has been placing up a battle with Hyundai for the No. 2 spot with gross sales of 45,197 models in June 2022, an 87 % enhance over June 2021’s 24,110 models. Tata Motors grabbed the No. 3 place a couple of months in the past, with the Nexon being their star performer.
Given the booming SUV market, it’s not stunning that the corporate sees its SUV portfolio account for 68 % of its first-quarter gross sales this fiscal.
Electrical mobility is one other space the place Tata Motors is aggressively driving features. The Nexon EVwhich is India’s bestselling EV, offered 3,507 models in June 2022, up 433 % on the 658 models in June 2021 and a two % enhance over Might 2022.
“Demand for passenger automobiles continued to remain robust in Q1 FY23 at the same time as the provision aspect remained reasonably impacted because of the lockdown in China,” mentioned Shailesh Chandra, managing director, Tata Motors Passenger Autos and Tata Passenger Electrical Mobility. “Going ahead, we anticipate the provision aspect, together with that of vital digital parts, to progressively enhance.”
Mahindra & Mahindra: 26,620 models / 59 %
Mahindra & Mahindra continues to file robust development, with the corporate having despatched 26,620 models in June 2022, up a sizeable 59 % enhance over June 2021’s 16,913 models. Nevertheless, month on month, June gross sales was down by a marginal 0.08 %.
M&M was within the limelight in June for a few different causes too: its flagship XUV700 received World NCAP’s ‘Safer Selection’ award, the second Mahindra mannequin after the XUV300 to take action. And on June 27, it launched the second-generation of one in all its long-time bestsellers: the Scorpio N,
Kia India: 24,024 models / 60 %
Kia India is on a roll. The Korean carmaker recorded gross sales of 24,024 models in June 2022, its highest ever month-to-month gross sales, and notched 60 % YoY development. The Kia Seltos and Carens lead the gross sales momentum with 8,388 and seven,895 models offered, respectively, adopted by Sonet with 7,455 models and carnival with 285 models offered.
Kia India stays a key contribututor to the OEM’s world gross sales, and in June, the Indian market contributed 9 % (24,024 models) to Kia’s world gross sales of two,58,610 models. The Seltos offered 8,388 models in India, accounting for 41 % of the SUV’s gross sales exterior Korea (20,545 models).
Toyota Kirloskar Motor: 16,500 models / 87 %
Toyota (TKM) offered a complete of 16,500 models in June 2022, thereby registering a development of 87 % over June 2021. The corporate additionally clocked a 26 % development in cumulative gross sales from January to June 2022, when in comparison with the corresponding interval final yr. Actually, half yearly cumulative gross sales have been the best since 2019.
“The previous month witnessed big development when it comes to wholesales, because of the reserving orders that almost all of our fashions get pleasure from,” mentioned Atul Sood, affiliate vice chairman, Gross sales and Strategic Advertising and marketing, TKM. “The brand new Glanza has acquired super response from our clients and continues to clock promising reserving orders. Our self-charging hybrid electrical automobiles – the Camry and Vellfire – have additionally acquired super appreciation.”
Section leaders just like the Innova Crysta and Fortuner proceed to have demand, and buyer orders are on the rise. The Legender too continues to garner bookings.
Skoda India: 6,023 models / 721 %
New merchandise usually give carmakers a lift in a aggressive market. For Skoda Auto, nonetheless, the launch of its 2.0 merchandise – Slavia sedan and Kushaq SUV – have helped it enhance its gross sales by a whopping 721 % over the identical interval final yr. The Czech carmaker offered 6,023 models in June 2022. Not surprisingly, June numbers have set a brand new month-to-month gross sales file for Skoda in India.
“Each our India 2.0 merchandise have entered the market in a particularly difficult backdrop,” mentioned Zac Hollis, model director, Skoda Auto India. “A world pandemic, intermittent lockdowns, financial upheaval, geopolitical instability, and now, a continued semiconductor scarcity upsetting provide chain.”
MG Motor India: 4,503 models / 26 %
MG Motors has recorded gross sales of 4,503 models, up 26.56 %, with the Hector and ZS EV drawing month-to-month bookings of over 4,000 and 1,000 models, respectively. In accordance with the corporate, “The momentum in gross sales comes on the again of some ease in semiconductor availability, though the outlook stays constrained within the wake of supply-chain roadblocks and chronic logistical headwinds.”
The corporate says it’s taking all obligatory steps to handle the manufacturing and provide chain points and expects the state of affairs to step by step enhance within the second half of 2022.
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