Car sales witnessed an increase of 11 per cent Y-o-Y in the month of August though there was a decline of 11 per cent M-o-M over sales in July 2021
The healthy sales numbers are being attributed to a host of factors, including the upcoming festive season, improved market conditions, variety of new launches and rising demand from the rural sector.
Maruti Suzuki India Limited reported total sales, including domestic, exports, and sales to other OEMs, of 1,30,699 units during August compared to 1,24,624 units in the corresponding month last year, marking an increase of five per cent year-on-year.
The country’s largest carmaker stated that its sales volume last month was affected due to electronic components shortage. In a statement, MSIL said that vehicle production could face an adverse impact in September in Haryana and its contract manufacturing company, Suzuki Motor Gujarat Private Limited, in Gujarat. It estimates that the total vehicle production volume across both locations could be around 40 per cent of the normal production.
The number-two player, Hyundai Motors India, witnessed a 2.3 per cent Y-o-Y growth at 46,866 units, up from 45,809 units sold in August 2020. The company’s M-o-M sales, however, dipped 2.4 per cent over 48,042 units sold in July 2021
Tata Motors’ sales, which had stood at 18,583 units in August last year, increased to 28,017 units in the past month. The company’s bestsellers included Nexon, Altroz and Tiago. On M-o-M basis, the company suffered de-growth of 7.2 per cent over 30,184 units sold in July 2021. Media reports said that Tata Motors plans to cut down production in September in view of shortage in the availability of semi-conductors.
Kia India clocked 16,750 unit sales for August, a 54.3 per cent Y-o-Y increase over 10,853 units sold in August 2020. On M-o-M basis also, the company reported a growth of 11.5 per cent. Seltos was the company’s highest-selling model with 8,619 units sold followed by Sonet and Carnival with sales of 7,752 and 379 units respectively.
Mahindra & Mahindra reported growth of 17.7 per cent on Y-o-Y basis to 15,786 units while its M-o-M sales dipped 24.1 per cent. The company also saw a rise in its market share from 5.7 per cent to 6.1 per cent Y-o-Y.
Honda sales increased significantly by 48.6 per cent Y-o-Y to 11,177 units sold in August 2021 up from 7,509 units sold in August 2020. M-o-M sales increase stood at 84.6 per cent over 6,005 units sold in July 2020. The top performers for the Japanese brand were the new Amaze and City sedan along with Jazz and WRV.
MG Motor and Nissan posted Y-o-Y growth while their sales dipped on M-o-M basis. Volkswagen and Jeep India sales also increased Y-o-Y while Ford’s dipped 68.1 per cent Y-o-Y to 1,508 units in August.
