Tuesday, July 05, 2022
By Manoj Kumawat
Tata, Mahindra, And Hyundai Having Cut-Throat Competition
With the supply of semiconductor chips which badly affected the production of vehicles, coming back on track, car manufacturers in India have started witnessing a hike in their sales. According to sales statistics revealed by ten established car manufacturers in the country, they have sold 3,06,162 units of their vehicles, thus recording a growth of 26 per cent year-on-year growth. It would be interesting to know that these ten car manufacturers sold more vehicles in June 2022 than the number of 2,31,633 vehicles sold by the whole industry in June 2021.
The sales statistics disclosed by the top car manufacturers for June 2022 are briefed below:
Maruti Suzuki India: To begin with the country’s leading car manufacturing company Maruti Suzuki India, recorded a decline of 1,28 per cent in sales from the same period last year. In June 2021 the company had sold out 1,24, 280 units of its vehicles, whereas in June 2022 it sold out 1,22,685 units. The reasons behind this decline in sales may be a shortage in supply of semiconductor chips and a shut down by the company for annual maintenance.
Hyundai Motor India: Where the number one car manufacturing company in the country recorded a decline in its sales, the second largest car manufacturing company Hyundai Motor India recorded a growth of 21 per cent in June 2022. According to sales records the company sold 49,001 units in June 2022 as compared to 40,496 units in June 2021. Apart from Creta being the best seller, the compact SUV Venue also played an important role in increasing the sales figures of the Korean car maker.
Mahindra & Mahindra: The domestic car maker Mahindra & Mahindra recorded an impressive growth of 59% in June 2022 as compared to its sales in June 2021. In June 2022, the company sold 26, 620 units of vehicles whereas during the same period it sold out 16, 913 vehicles. The company’s flagship XUV700 succeeded in winning the award of Safer Choice from the Global NCAP authority. On Jun 27, 2022, it launched the upgraded version of its best-selling SUV Scorpio as Scorpio N in the Indian car market.
Tata Motors: Apart from Mahindra and Mahindra, the other home-grown car maker Tata Motors also recorded a massive hike of 87 per cent in June 2022. In June 2022 the company sold 45,197 units of its vehicle as compared to 24,110 units during the same month in 2021. With these impressive sales figures, the company has emerged as a strong contender for the second largest car manufacturing company in the country.
Skoda India: The Indian alliance of Czech car maker Skoda recorded a dynamic hike of 721 per cent in its sales in June 2022. By launching two of its new products the Salvia sedan and Kushaq compact SUV, the carmaker sold 6,290 units of its vehicles in June 2022.
Toyota Kirloskar Motor: TKM, the Indian alliance of Japanese carmaker Toyota Motors registered a growth of 87 per cent in June 2022. In June 2022 the company sold 16,500 units. Not only new initiatives of the company like Glanza receive an encouraging response from buyers, but the giant SUVs like Fortuner and Innova Crysta also succeed in impressing the buyers.
MG Motor India: The British car maker MG Motors is making slow and steady progress in the Indian car market. In June the company sold out 4,503 units of its vehicles in India, thus recording a growth of 26.56 per cent as compared to last year. The key players like Hector and ZS EV received more than 4,000 and 1,000 bookings respectively in June 2022.
