The Indian passenger car phase gross sales appear to have began on a optimistic be aware however the provide chain constraint could hamper its development prospects.
Looking on the wholesales knowledge for the 9 automakers within the nation, the general gross sales got here at 287,746 models, which was 195 p.c increased albeit a low-year in the past base, and only a proportion increased in comparison with the month of April. It could also be famous that in 2021, the Covid-19 pandemic had resulted in muted development throughout the business.
The nation’s largest carmaker Maruti Suzuki India reported gross sales of 124,474 models, which was 2 p.c increased than the earlier month. Thanks to its dominance and unabated competitors within the entry-level phase, the place most OEMs appear to have thrown their hats out of their ring.
While the corporate has been in a position to push the SUV gross sales envelope and is planning a product offensive there, within the mid-size phase, the Ciaz appears to have been dropping out steam.
For Tata Motors’ the proverb ‘One man’s loss is one other man’s acquire’ appeared to be the mantra to surpass Hyundai Motor India to change into the second-largest carmaker (in wholesales) for the second time within the final six months. A mess of things has helped the Indian OEM beat its Korean counterpart. For May, Tata Motors reported gross sales of 43,441 models, in comparison with 41,587 models in April.
The OEM reported its highest-ever month-to-month gross sales of 43,341 models (since inception – PV and EV home mixed); highest month-to-month EV gross sales at 3,454 models; highest month-to-month gross sales for the Nexon SUV; and highest month-to-month gross sales for the Harrier and Safari.
Hyundai Motor India, reported gross sales of 42,293 models, up 69 p.c YoY, albeit a low-year in the past base, however 4 p.c decrease than the earlier month’s wholesales of 44,011 models. The Korean carmaker mentioned that its crops in Chennai noticed the scheduled bi-annual upkeep shut down resulting in no manufacturing for six days within the month (May 16-21), which “reduced the vehicle availability in the month affecting May sales numbers.”
Mahindra & Mahindra which is gearing up for the launch of the brand new Scorpio-N this month reported gross sales of 26,904 models, which was 19 p.c increased in comparison with the earlier month. Thanks to strong demand for its new vary of merchandise – Thar SUV, XUV700 – the OEM is seeking to benefit from the demand season, solely whether it is in a position to handle the supply-chain disruption. It is fascinating to notice, that regardless of a ready interval lasting as much as 24 months on choose fashions, the corporate says it continues to obtain wholesome bookings, with solely 10-12 p.c cancellation.
Kia Motor India with its Seltos, Sonet, and Carnival SUV play appears to have efficiently managed to make a definite mark for itself within the home market. With gross sales of 26,904 models, the corporate reported a wholesome development of 19 p.c over the earlier month of April. Now, with the launch of Kia EV6 the Korean carmaker will discover a powerplay within the premium e-SUV house.
Toyota Kirloskar Motor reported gross sales of 10,216 models within the home market, which may very well be in comparison with its pre-pandemic efficiency degree.
Atul Sood, affiliate VP – Sales, and Strategic Marketing, Toyota Kirloskar Motor mentioned, “Demand continues to peak as we have very encouraging booking orders and enquiries for all our models. The new Glanza has received an overwhelming response from our customers as it is their trust and faith in the brand that helps us perform better. Segment-leading models like the Innova Crysta and the Fortuner continue to perform well and generate healthy booking orders. The Camry Hybrid and the Vellfire, continue to garner strong demand and our focus going forward would be to meet the immediate needs of our customers.”
With this the Japanese carmaker can be seeking to develop its product providing with the introduction of the Urban Cruiser based mostly on the Maruti Vitara Brezza, a brand new mannequin co-developed with Suzuki Motor the Hyryder SUV, and the brand new technology of its hottest Innova SUV.
For Honda Cars India development of 4 p.c over April introduced its wholesales to eight,188 models. The City sedan continues to stay a preferred vendor for the Japanese carmaker, however it has misplaced out on competitors to its friends, particularly with no sturdy contender within the SUV phase.
Also learn: Tata Motors’ pips Hyundai to change into second largest carmaker in India
Yuichi Murata, director, Marketing and Sales, Honda Cars India mentioned, “The demand for Honda cars continued to stay strong as positive sentiments prevailed in the market but the prolonged supply chain-related issues still remain a hindrance and we are making all efforts to cater to the demand effectively. Our latest launch of a strong electric hybrid in the mainstream segment, the new City e:HEV has received an overwhelming response, far exceeding our initial plan, demonstrating that customers are showing a strong preference for such advanced technologies in the area of performance, environment-friendliness and safety.”
For Czech carmaker Skoda India, the wholesales got here at 4,604 models, which was 11 p.c decrease than the month of April 2022. It appears to be struggling to satisfy the demand for its new launches the Slavia and Kushaq which appeared to assist propel in achieving development within the Indian market. It can be vital to notice quite a bit many purchasers had taken to social media to specific their displeasure with the Czech carmaker’s plan to switch the 10-inch infotainment console with the globally delivered 8-inch infotainment as a method to work round provide chain disruption.
MG Motor India doubled its wholesales on an MoM foundation at 4,008 models, which it says demonstrates enchancment in chip availability. It hopes that the state of affairs will enhance additional within the subsequent months.
“Demand remains strong as MG maintains a healthy booking pace and experiences growth momentum although the production remains impacted due to the global Covid-19 lockdown. The brand is closely monitoring the situation caused by the global Covid lockdowns and is aligning its efforts to address the same,” mentioned the carmaker in a press release.
Company | May ’22 | May ’21 | Change (YoY) | Apr ’22 | Change (MoM) |
Maruti Suzuki India | 124,474 | 32,093 | 288% | 121,995 | 2% |
Tata Motors | 43,341 | 15,181 | 185% | 41,587 | 4% |
Hyundai Motors India | 42,293 | 25,001 | 69% | 44,001 | -4% |
Mahindra & Mahindra | 26,904 | 8,004 | 236% | 22,526 | 19% |
Kia India | 18,718 | 11,050 | 69% | 19,019 | -2% |
Toyota Kirloskar Motor | 10,216 | 707 | 1345% | 15,085 | -32% |
Honda Cars India | 8,188 | 2,032 | 303% | 7,874 | 4% |
Skoda India | 4,604 | 716 | 543% | 5,152 | -11% |
MG Motor India | 4,008 | 1,016 | 294% | 2,008 | 100% |
Total | 282,746 | 95,800 | 195% | 279,257 | 1% |
Source: www.financialexpress.com”