Maruti Suzuki’s and Hyundai’s gross sales drop 10 % over final yr, however Tata sees a 66 % improve.
The scarcity of semiconductors, the Russia-Ukraine struggle, automobile worth hike, gas worth improve and different provide chain points proceed to overwhelm on purchaser sentiment throughout the passenger automobile market in India. By way of pure numbers, the low base impact has kicked in and most OEMs are within the inexperienced in comparison with the marginal gross sales seen final April because the nation tackled the scourge of COVID-19.
- Gas costs, Russia-Ukraine struggle including to carmakers’ woes
- Mahindra & Mahindra gross sales grew 23 %
- Innova, Fortuner assist Toyota’s gross sales develop by 57 %
Maruti Suzuki India: 1,21,995 items / -10 %
The most important automotive worth hikes final yr