New Delhi:The first month of the second half of this year reflected a mixed bag of sales. Year-on-year, domestic sales in all segments remain in the green, with the exception of tractors.
However, on a monthly basis, two-wheeler sales improved slightly and CV makers reported a decline.
Going forward, OEMs are focusing on increasing production in August due to the onset of the festive season, which will continue through October and account for around 40% of overall industry sales.
The following is a report by segment of vehicle shipments to dealerships in July 2022.
Improved availability of semiconductor chips along with the excitement of new launches helped demand remain robust and passenger vehicle (PV) OEMs streamline their production schedules in July 2022. However, automakers still have backorders for popular models.
In July 2022, automotive market leader Maruti Suzuki recorded year-on-year domestic sales growth for its mini (Alto, S-Presso) and compact (Baleno, Celerio, Dzire, Ignis, Swift, Tour S, WagonR) car categories . However, sales of its intermediate Ciaz and utility vehicles (Brezza, Ertiga, S-Cross, XL6) are down compared to July 2021.
“The shortage of electronic components has had a minor impact on vehicle production, primarily in domestic models,” the Swift and WagonR automaker said.
Hyundai continued to maintain its second place in the Indian PV industry, but with a lead of around 3,000 units. Tarun Garg, Director (Sales, Marketing and Service) of Hyundai Motor India, said: “With the improvement in the semiconductor situation, the passenger vehicle segment is showing positive trends on green shoots of pent-up demand. and customers’ desire for personal mobility. .”
Electric vehicle maker Tata Motors continued its sequential growth trajectory with sales of 47,505 units in July 2022. This includes 43,483 units of ICE vehicles as well as 4,022 units of electric cars. With this, the Nexon maker has passed the 4,000 electric passenger vehicle sales mark in India.
Kia India, which has cemented its position in the Top 5 PV manufacturers in India, sold 8,451 units of Seltos, 7,215 units of Sonet, 5,978 units of Carens and 288 units of Carnival in July this year.
Toyota Kirloskar recorded 50% growth during the month. “These are the highest wholesale sales ever recorded by the manufacturer in a single month since its inception in India,” the company said in a statement.
On a monthly basis, Toyota recorded 19% growth from its wholesale sales of 16,500 units sold in June 2022.
Skoda Auto, which is betting big on its India 2.0 strategy, said the company will very soon record 2022 as “the biggest year yet for us in our two-decade legacy in India”.
Zac Hollis, the company’s Chief Brand Officer, said: “This is usually the time when big purchases are put on hold because it’s the monsoon and postponed until the start of the festive season. Still, we saw solid numbers on the back of our India made cars, the India 2.0”
According to Hero MotoCorp, “The normal monsoon in most parts of the country and the resulting agricultural harvest and upcoming festive season should keep feelings positive and help build momentum.”
The country’s largest two-wheeler maker sold a total of 421,288 motorcycles and 24,292 scooters in July 2022, marking a drop from July 2021 when it sold 424,126 motorcycles and 30,272 scooters during the month.
Utility vehicles and three-wheelers
Market leader Tata Motors derives much of its volume from the SCV cargo and light truck category, where it recorded sales of 15,022 units in July 2022. Tata’s M&HCV sales amounted to 8 522 units, followed by I&LCV sales at 4,475 units and passenger carrier sales at 3,454 units.
The bulk of Mahindra’s sales come from LCVs (2T-3.5T) which recorded sales of 16,445 units in July this year. Its three-wheelers recorded sales of 4,351 units and LCVs under 2T at 3,693 units. The company also sold 808 LCV units over 3.5T and M&HCV.
Hemant Sikka, President of Agricultural Equipment Sector, Mahindra & Mahindra, said: “July is traditionally a lean month as the land preparation phase, in which a tractor finds the greatest use, passes and farmers begin to sow their crops. The monsoon, which is a key determinant of agricultural growth, has stayed the course so far. Overall, rainfall has been above normal except for a few eastern states of the country, which have received insufficient rainfall so far.
“As these states are the main markets for paddy production in the country, the recovery of rainfall is crucial. With the festive season falling in the second half of August and sufficient rainfall in most areas will shape the industry in the coming months,” he said.
(This is a developing story. We’ll continue to update numbers as companies release their sales data).
Read also :