Maruti, Hyundai & Tata sales fall, Mahindra & Toyota gain in June
The Indian automobile industry has witnessed a mixed bag of performances in June, with some major players recording a decline in sales while others have bucked the trend. Maruti Suzuki, India’s largest automaker, saw a significant decline in sales across all segments except mid-size sedans. Hyundai Motor India and Tata Motors also recorded a decline in passenger vehicle sales, while Mahindra & Mahindra and Toyota Kirloskar Motor reported an increase.
According to the latest sales data, Maruti Suzuki recorded a 13% year-on-year (YoY) decline in domestic passenger vehicle sales, which is a significant drop considering the company’s dominance in the Indian market. The decline was observed across all segments, except for mid-size sedans, which saw a 2% YoY growth. Maruti’s overall sales in June stood at 1,24,631 units, down from 1,43,169 units in the same month last year.
Hyundai Motor India also recorded a decline in sales, with a 12% YoY drop in domestic dispatches. The company sold 39,110 units in June, down from 44,411 units in the same month last year. Hyundai’s sales have been impacted by the ongoing semiconductor shortage and other global supply chain disruptions.
Tata Motors, another major player in the Indian market, recorded a 15% YoY drop in passenger vehicle sales. The company sold 24,544 units in June, down from 28,759 units in the same month last year. Tata’s sales have been impacted by the decline in demand for its hatchback and sedan offerings.
On the other hand, Mahindra & Mahindra, a leading utility vehicle manufacturer, saw an 18% YoY increase in utility vehicle sales. The company sold 22,364 units in June, up from 18,944 units in the same month last year. Mahindra’s sales have been driven by the growing demand for its SUV offerings, including the Bolero and Scorpio.
Toyota Kirloskar Motor, another major player in the Indian market, reported a 5% YoY sales increase. The company sold 12,411 units in June, up from 11,849 units in the same month last year. Toyota’s sales have been driven by the growing demand for its SUV offerings, including the Fortuner and Innova.
The decline in sales for Maruti, Hyundai, and Tata can be attributed to a number of factors, including the ongoing semiconductor shortage and other global supply chain disruptions, which have impacted production and inventory levels. Additionally, the decline in demand for hatchback and sedan offerings has also contributed to the decline in sales.
On the other hand, Mahindra’s focus on utility vehicles has paid off, with the company reporting a significant increase in sales. Mahindra’s utility vehicles, including the Bolero and Scorpio, have been popular among Indian consumers, who are increasingly opting for SUVs over hatchbacks and sedans.
Toyota’s focus on SUV offerings has also paid off, with the company reporting a significant increase in sales. Toyota’s Fortuner and Innova have been popular among Indian consumers, who are increasingly opting for SUVs over hatchbacks and sedans.
In conclusion, the Indian automobile industry has witnessed a mixed bag of performances in June, with some major players recording a decline in sales while others have bucked the trend. Maruti, Hyundai, and Tata have seen a decline in sales, while Mahindra and Toyota have reported an increase. The decline in sales for Maruti, Hyundai, and Tata can be attributed to a number of factors, including the ongoing semiconductor shortage and other global supply chain disruptions. On the other hand, Mahindra’s focus on utility vehicles and Toyota’s focus on SUV offerings have paid off, with both companies reporting a significant increase in sales.
