Indian passenger vehicle sales crosses 30 lakh mark after 4 years

While Maruti Suzuki and Hyundai registered a 3 and 2.1 percent increase in sales each, Tata Motors registered a 67 percent uptick year-on-year.

India’s passenger vehicle (PV) sales crossed the 3 million-unit mark in FY2022 with cumulative sales of key OEMs touching 30,45,465 units, a 12 percent year-on-year uptick compared to FY2021 figures – 27,11,457 units.

  • FY2022 witnessed a 12 percent increase in automobile sales
  • Maruti Suzuki and Hyundai sales were affected by the chip shortage
  • Russia-Ukraine crisis adding to the woes of manufacturers

The industry has breached the 3-million mark for the first time in four years as it last hit a tally of 33,77,436 units in FY2018 when the sector was firing on all cylinders. Then came the market slump – caused by price hikes and the transition to new safety and emission regulations – and COVID-19, which further impacted demand.

Maruti Suzuki sales

Maruti Suzuki India’s full-year domestic sales in FY22 closed at 13,31,558 units, but it could only manage a three percent year-on-year uptick – 12,93,840 units sold in FY2021. Despite trebling demand, the company had to cope with a global chip shortage, which affected and reduced its production by up to 51 percent in September last year.

While the situation eventually eased out later, and production returned to 90 percent normalcy in early 2022, unpredictability looms large again due to the ongoing Russia-Ukraine conflict, and “there could be some impact on production volumes in FY2023 as well,” the company said in a statement.

Hyundai sales 

The second largest contributor to the 3-million milestone was Hyundai, which clocked cumulative sales of 4,81,500 units, registering a 2.1 percent year-on-year uptick. The company also faced severe production challenges last fiscal, with some of its popular models like the Creta and Aura CNG having a wait time of over six months.

Tata sales

However, if there’s one company that has stolen the limelight from all players, it is homegrown manufacturer Tata Motors that takes the crown for its magnificent performance. The company sold 3,70,372 units for the entire fiscal – its best ever so far – registering a 67 percent year-on-year growth over the 2,22,025 units it sold last year. The achievement also includes an accelerated growth for its EV portfolio, which went home to 19,106 buyers, registering a near five-fold growth.

Tata Motors also pipped Hyundai to grab the second position in the market, by volumes, in December 2021. With an aggressive SUV-led product portfolio, the company also introduced products like the Punch subcompact crossover in October 2021, while also bringing in revisions to its existing models.

It also ventured into new segments with the all-electric Tigor EV as well as introducing factory-fitted CNG options in the Tiago and Tigor. EVs already comprise five percent of its volumes in FY2022, and the manufacturer is gearing up to launch new products like a long-range Nexon EV.

Passenger vehicle sales FY2022
Company FY2022 FY2021 Difference (%)
Maruti Suzuki 13,31,558 12,93,840 2.92%
Hyundai 4,81,500 4,71,535 2.11%
Tata Motors 3,70,372 2,22,025 66.82%
Mahinda & Mahindra 2,20,951 1,55,503 42.09%
Kia 1,86,787 1,55,686 19.98%
Toyota 1,23,770 78,262 58.15%
Honda 85,609 82,074 4.31%
Renault 87,475 92,268 -5.19%
MG 40,422 35,597 13.55%
Skoda 33,939 11,331 119.52%
Volkswagen 30,901 20,440 51.18%
Nissan 37,678 18,884 99.52%
Jeep 11,949 6,553 82.34%
Citroen 764
Total 30,43,675 26,43,998 15.12%

Also see: 

Maruti Suzuki Ertiga facelift launch by mid-April

 

Maruti Suzuki CNG, automatic models waiting periods on the rise

 

Tata Nexon EV, Tigor EV continue to lead EV sales charts

 

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