Latest Car News in India

With the increasing supply of semiconductor chips, automakers across the country have started increasing their production units. This has helped in improving their sales figures. According to the latest sales statistics revealed by the major carmaker in the country for July 2022, the Indian carmaker Tata Motors and the Japanese carmaker Toyota have for the first time recorded the highest growth on monthly basis for the first time. Other carmakers like Kia, Mahindra, and Skoda also recorded impressive growth in their sales. However, some carmakers are still struggling to witness a hike in their sales.

 

Below are the details of sales figures revealed by different carmakers for July 2022.

 

Maruti Suzuki India Limited: To begin with the country’s leading car-making company the Indo-Japanese group Maruti Suzuki India Limited recorded sales of 1,42,850 units compared to 1,33,732 units sold during the same month last year. Thus recording a yearly growth of almost 7%. According to sources of the company, the shortage of semiconductor chips had not much effect on its production activities. The models like Brezza, S-Cross, XL6, and Ertiga recorded a massive decline of 28%. It is believed that this is a temporary phase which may be due to the recent launch of second generation Brezza.

 

Hyundai Motors India Limited: The Indian alliance of the Korean carmaker Hyundai Motors also recorded a growth of 5.1 per cent. This year the carmaker sold 50,500 units of its products. Once the compact SUV Creta emerged as the key player with the highest demand and a waiting period of more than nine months.

 

Mahindra & Mahindra: The domestic carmaker Mahindra recorded a growth of 38 per cent compared to its sales for the same period in 2021. According to the company sources, it has more than 1,43,000 orders pending.

 

Tata Motors: Another homegrown carmaker Tata Motors recorded a dynamic growth of 57% in July 2022 compared to its sales during the same month last year. The company sold 47,505 units this year. With the increasing supply of semiconductor chips, the company has succeeded in witnessing massive growth in its sales.

 

 

Toyota Motors: Like the Indian carmaker Tata Motors, the Japanese carmaker Toyota Motors recorded a growth of 50% in sales during July this year. It is the first in the history of the Japanese carmaker after its debut in the Indian car market in 1999, it witnessed a growth in sales for the first time.

 

Kia India: The Korean carmaker also recorded an encouraging growth of 47% in its sales during July 2022, compared to its sales in July 2021. With 8,542 the compact SUV Seltos is the major contributor to increase the sales of the company. The second position is held by the Sonet.

 

Apart from these carmakers, the manufacturers like Renault, Honda Motors, MG, Skoda Motors, Nissan and others also recorded a growth in their sales in July 2022.