Maruti, Hyundai & Tata sales fall, Mahindra & Toyota gain in June
The Indian auto industry has been witnessing a slump in sales for several months now, and the trend continued in June as well. The latest sales data released by various automakers reveals that Maruti Suzuki, Hyundai Motor India, and Tata Motors witnessed a decline in their domestic sales, while Mahindra & Mahindra and Toyota Kirloskar Motor bucked the trend with an increase in their sales.
Maruti Suzuki, the largest automaker in India, saw a year-on-year (YoY) decline in its sales across all segments except mid-size sedans. The company’s domestic passenger vehicle sales dropped by 13% YoY in June, with a total of 124,521 units sold. This decline can be attributed to the ongoing semiconductor shortage, which has impacted the production of new vehicles.
Hyundai Motor India was another major automaker that recorded a decline in its domestic sales. The company’s dispatches fell by 12% YoY in June, with a total of 34,510 units sold. This decline is a result of the slowdown in the market, which has been exacerbated by the ongoing pandemic.
Tata Motors, which has been struggling to regain its lost momentum in the passenger vehicle market, saw a 15% YoY drop in its passenger vehicle sales in June. The company sold a total of 24,833 units in the domestic market, which is a significant decline compared to the same period last year.
However, not all automakers were affected by the slowdown. Mahindra & Mahindra, which is known for its utility vehicles, saw a significant increase in its sales. The company’s utility vehicle sales rose by 18% YoY in June, with a total of 24,833 units sold. This increase can be attributed to the growing demand for SUVs and the company’s strong product portfolio.
Toyota Kirloskar Motor, which has been expanding its product lineup in recent years, saw a 5% YoY increase in its sales in June. The company sold a total of 11,833 units in the domestic market, which is a significant improvement compared to the same period last year.
The decline in sales of Maruti Suzuki, Hyundai Motor India, and Tata Motors can be attributed to various factors, including the ongoing semiconductor shortage, the slowdown in the economy, and the ongoing pandemic. The semiconductor shortage has impacted the production of new vehicles, leading to a decline in sales. The slowdown in the economy has also led to a decline in consumer spending, which has impacted the demand for new vehicles.
On the other hand, Mahindra & Mahindra’s success can be attributed to its strong product portfolio and the growing demand for SUVs. The company’s utility vehicles, such as the Bolero and the Scorpio, have been popular among consumers, and the company’s sales have benefited from this trend.
Toyota Kirloskar Motor’s success can be attributed to its expanding product lineup and the growing demand for its vehicles. The company has been expanding its product lineup in recent years, and its sales have benefited from this trend.
In conclusion, the June sales data reveals that Maruti Suzuki, Hyundai Motor India, and Tata Motors witnessed a decline in their domestic sales, while Mahindra & Mahindra and Toyota Kirloskar Motor bucked the trend with an increase in their sales. The decline in sales of the former three automakers can be attributed to various factors, including the ongoing semiconductor shortage, the slowdown in the economy, and the ongoing pandemic. On the other hand, Mahindra & Mahindra’s success can be attributed to its strong product portfolio and the growing demand for SUVs, while Toyota Kirloskar Motor’s success can be attributed to its expanding product lineup and the growing demand for its vehicles.
