Domestic passenger vehicle sales could touch a record level of nearly 40 lakh units this year on strong demand and companies finding ways to enhance production despite semiconductor shortage, a senior Maruti Suzuki India official said on Monday. Even as the chip shortage issue has improved compared to a year back, the industry is estimated to have a pending order of around 7.5 lakh units of passenger vehicles with Maruti Suzuki India (MSI) alone having around 4.18 lakh units, company senior executive officer, marketing and sales, Shashank Srivastava told PTI. "I think it would be slightly below 4 million (units mark).
Dealers have stocked up vehicles in the run-up to a price hike, which is expected to be announced by leading players some time this month.
The passenger car segment, in comparison, remained sluggish and grew a modest 1.9 per cent to 162,566 units in April
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The ongoing elections and overall subdued market sentiment continue to affect the sales momentum
Passenger vehicle market leaders Maruti Suzuki and Hyundai on Saturday reported a decline in wholesales in December 2021, although homegrown majors Tata Motors and Mahindra & Mahindra reported growth, amid semiconductor shortage continuing to impact production. Other manufacturers Nissan and Skoda also reported an increase in December 2021 sales although Honda Cars India witnessed a decline last month. The country's largest carmaker Maruti Suzuki India (MSI) reported a 4 per cent fall in wholesales to 153,149 units in December 2021 as against 160,226 units a year ago.
Maruti Suzuki India said its domestic sales rose 10.6 per cent in May.
Clock 11% growth in the first 11 months of 2022.
Sales volume for compact sedan Dzire Tour came in at 2,068 units in June.
However, sales of mini segment cars, including Alto and WagonR, declined 7.9 per cent to 25,524 units from 27,712 in the year-ago month
The diesel car becomes too expensive with BS-VI and market assessment says the customer will not buy it at that price, says R C Bhargava, chairman, MSIL. He expects buyer preference to change swiftly in favour of petrol, CNG, and other alternative technologies.
A number of companies, including Maruti Suzuki, Renault and Nissan, are giving gold coins to buyers who book cars by the month-end. There are other benefits as well, reports Ajay Modi.
Around 23 per cent of all units sold by the company in the domestic market currently are diesel cars.
Almost every company launched a new product in FY16.
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The previous May peak was observed in 2018 when the domestic PV wholesales stood at 301,238 units.
Sales of four- and two-wheelers almost halved in August, compared to the equivalent month last year.
Leading automakers Maruti Suzuki India, Hyundai and Tata Motors reported a double-digit increase in dispatches to dealers in April as the demand remained robust especially for the sports utility vehicles. The country's largest car maker Maruti Suzuki India (MSI) said its domestic passenger vehicle wholesales rose 13 per cent to 137,320 units last month as against 121,995 units in April 2022. Sales of mini cars, comprising Alto and S-Presso, fell 18 per cent to 14,110 units as compared with 17,137 units a year ago.
Sales of the compact segment comprising Swift, Estilo, Ritz, Dzire and Baleno increased by 4.1 per cent to 50,362 units
The auto major is eyeing 20 per cent of the compact SUV market with the petrol and diesel variants of the XUV300, reports Shally Seth Mohile.
The country's largest carmaker Maruti Suzuki India on Thursday reported 14 per cent increase in total wholesales at 159,044 units in November. The company had dispatched 139,184 units to dealers in November 2021, MSI said in a statement. Last month, the company's domestic sales rose 18 per cent to 139,306 units as against 117,791 units in November 2021, it added.
The country's largest carmaker Maruti Suzuki India (MSI) on Monday reported a 11.8 per cent increase in wholesales to 164,469 units in February. The company had sold 147,110 units in February last year, Maruti Suzuki India (MSI) said in a statement. Domestic sales increased 11.8 per cent to 1,52,983 units last month, as against 1,36,849 units in February 2020, it added.
In the two wheeler segment, TVS Motor Company reported a 24 per cent increase in total sales at 304,795 units in April.
Market leader Maruti Suzuki is putting finishing touches to its plan of finding its feet in what is being hailed as a battle of epic proportions in India's fastest-growing passenger vehicle segment, reports Arindam Majumder.
In the two-wheeler segment, Bajaj Auto reported 31 per cent jump in total sales at 357,883 units in February against 273,513 units in the same month last year.
Leading carmakers Maruti Suzuki and Hyundai witnessed a double-digit drop in sales in October on account of the global semiconductor shortage impacting production. Kia India, Honda Cars and MG Motor also saw a fall in dispatches last month as compared with October 2020. However, companies like Tata Motors, Mahindra, Nissan and Skoda managed to post positive numbers last month despite the supply chain challenges.
Maruti Suzuki, Hyundai and M&M draw visitors with a range of concept cars.
For players like Toyota Kirloskar and Ford, the contribution of UVs to overall sales is now well over 60%.
Only five of India's top 20 car models have seen a reduction in wait times over the past year.
Maruti Suzuki and Hyundai would make the largest gain.
Maruti's sales of the compact segment comprising Swift, Estilo, Ritz, Dzire and Baleno went up by 9.9% to 45,579 units
The revised prices enhances the accessibility of these outstanding products, which offer segment-first safety features and class-leading technologies
'Some of the launches may get deferred due to the semiconductor shortage, which is unlikely to get resolved before the second half of 2022.'
India's passenger vehicle exports rose by 26 per cent in April-June 2022 aided by enhanced shipments to Latin America and Africa and a low base of the year-ago quarter that was hit by the second wave of COVID-19. As per the latest data released by the Society of Indian Automobile Manufacturers (SIAM), passenger vehicle shipments rose to 1,60,263 units in the April-June period of this fiscal as compared with 1,27,083 units in the same quarter of 2021-22. Passenger car shipments saw an 88 per cent year-on-year growth at 1,04,400 units while utility vehicle exports rose 18 per cent to 55,547 units during the period under review, SIAM data showed.
Amid better semiconductor chip supplies, the Indian automotive industry posted an 8 percent growth in production of vehicles across categories for the month of May, with three-wheelers (20 per cent) and passenger vehicles (16 per cent) leading the pack. Exports, however, dipped 21 per cent at an industry level. The industry also recorded its highest-ever May wholesales of domestic passenger vehicles (334,802 units), riding on high demand for sport utility vehicles (SUVs) and better supplies of semiconductor chips.
Maruti Suzuki, Hyundai, Honda Cars and Tata Motors posted single digit growth during the period under review while M&M reported decline in sales.
Dealers across brands are slashing prices by Rs 20,000 to over Rs 1 lakh, depending on the car model.
Various factors, including robust demand in rural markets and good response to new models, helped in driving the sales.
