The highest three carmakers account for near 2.5 lakh models or 68 p.c of the gross sales.
Passenger car gross sales in India, which had slumped over the previous two years, have lastly recovered to pre-pandemic ranges. The truth is, September 2022 wholesale numbers have set a brand new month-to-month benchmark – 3,55,946 models – which constitutes a 26 p.c month-on-month progress (August 2022: 2,81,210).
September 2022’s report wholesale determine is healthier than July 2022’s 3,41,370 models by Four p.c, October 2020’s 3,34,411 models by 6.5 p.c, and March 2021’s 3,16,034 models by 12 p.c. Evaluating final month’s gross sales to September gross sales from the final two years, 2022’s report tally is a 121 p.c enhance over September 2021’s 1,60,070 models and 30 p.c over September 2020’s 2,72,027 models.
|September 2022 Passenger Automobile gross sales|
|Carmaker||Sept’ 2022||Sept’ 2021||Y-o-Y Development||Distinction|
Confirming the all-time month-to-month gross sales, Vinkesh Gulati, chairman of FADA India Analysis & Academy tweeted: “Automobile dispatches to sellers crossed 3.5 lakh in September 2022. It must be the most effective month for PV phase ever!”
Quite a lot of growth-enhancing components have led to the report wholesale figures, together with the easing semiconductor provide chain concern, elevated car manufacturing, elevated provides to sellers as manufacturing ramps up, and powerful buyer demand as a result of ongoing festive season.
Right here’s taking a look at 11 of 16 automotive producers wholesale figures – totalling 3,44,822 models – final month. 5 carmakers – Renault India, FCA India, PCA Motors India, Pressure Motors and Isuzu Motor India – have but to launch their September 2022 gross sales. These producers account for the stability 11,124 models, and, in August 2022, they’d accounted for 9,235 models.
Maruti Suzuki India: 1,48,380 models / 135% YoY
The passenger car market chief reported its finest month-to-month gross sales within the first six months of the continued fiscal 12 months. Maruti Suzuki’s September 2022 wholesale of 1,48,380 models, depict a 135 p.c progress over the identical month final 12 months, though that was on a decrease September 2021 determine of 63,111 models. Due to an enormous scarcity of semiconductors, Maruti Suzuki had slashed manufacturing by 60 p.c in September 2021, which in flip, led to a 57 p.c 12 months on 12 months decline in gross sales.
Whereas it wouldn’t be appropriate to check it with final 12 months’s progress, a comparability with August 2022 gives extra readability. In September 2022, the entry stage duo of the Alto and S Presso account for 29,574 models, up 33 p.c (August 2022: 22,162 models). Its six-pack comprising the Baleno, Celerio, Dzire (and Tour S), Ignis, Swift and Wagon R contributed 72,176 models, which is simply 0.86 p.c greater than August 2022’s 71,557 models.
The brand new Brezza, Ertiga, S Cross, XL6 and the brand new Grand Vitara contributed 32,574 models, up 21 p.c on August 2022’s 26,932 models. This robust double-digit progress might be attributed to the demand for the brand new Grand Vitara and Brezza.
Hyundai Motor India: 49,700 models / 50% YoY
Chennai-based Hyundai Motor India, with 49,700 models, recorded a powerful 50 p.c progress over final 12 months (September 2021: 33,087). Demand stays sturdy for flagship SUV, the Tucson, which, in accordance with Tarun Garg, director (Gross sales, Advertising and marketing & Service), has seen a 36 p.c enhance in bookings in September. In the meantime, the Venue, Venue N Line and Tucson are mentioned to have acquired “unprecedented buyer response.”
Tata Motors: 47,654 models / 85% YoY
Tata Motors, which is on a roll, is simply 2,964 models behind Hyundai, and it is just a matter of time earlier than the corporate surpasses the 50,000 month-to-month gross sales milestone.
Tata Motors, which grabbed headlines with the reveal of its Tiago EV at a sub-Rs 10 lakh value final week, has notched its best-ever month-to-month gross sales but. The carmaker’s 47,654 models in September 2022 beats its earlier better of 47,505 models in July 2022 by 149 models. The September numbers, which comprise 43,999 models of the interior combustion-engined automobiles – the month-to-month highest – and three,655 electrical autos, is a sturdy 85 p.c progress over September 2021’s 25,729 models.
Within the first half of this monetary 12 months, Tata Motors’ cumulative gross sales figures are 2,72,450 models, which is an 84 p.c enhance over the identical interval final 12 months (April-September 2021: 1,48,319). The corporate additionally recorded a 73 p.c enhance over its annual gross sales of three,73,138 models within the April 2021-March 2022 interval. Q2 FY2023 (July-September 2022) numbers at 1,42,325 models are up 9.37 p.c over Q1’s (April-June 2022) 1,20,842 models, indicating that client demand is accelerating for the corporate.
Tata Motors has a powerful benefit with its EV portfolio, and at current, Tata sells three fashions – the Nexon EV, Tigor EV and the fleet-only XPres-T EV – which with H1 FY2023 gross sales of 20,805 models is a 370 p.c enhance over final 12 months (H1 FY2022: 4,419 EVs).
The corporate, which is targetting manufacturing and gross sales of over 5,00,000 automobiles, together with 50,000 EVs, is effectively on observe in the direction of attaining its aim. Within the first half of FY2023, common month-to-month gross sales of 45,408 models – 41,940 ICE and three,468 EVs – augur effectively for the remainder of the 12 months.
Mahindra & Mahindra: 34,508 models / 163% YoY
Mahindra & Mahindra, whose utility car (UV)-laden portfolio contains of 11 UVs and the all-electric Verito sedan, is among the many producers benefitting from the surging wave of demand for SUVs in India. Subsequently, it isn’t stunning that the corporate continues to submit report numbers month after month. In September 2022, it registered wholesales of 34,508 models, up 163 p.c over final 12 months’s 13,134 models.
On the UV entrance, the corporate has bought 34,262 models in September 2022, which makes it the third consecutive month that the corporate has scaled a brand new excessive in its UV gross sales, after August 2022’s 29,519 models and July 2022’s 27,854 models.
Our sister publication Autocar Skilled learns that the bestselling mannequin is the flagship XUV700, adopted by the Scorpio, each in its N and Basic mannequin type, the XUV300, the Bolero and Bolero Neo. With improved provides of semiconductors and M&M judiciously managing its manufacturing operations, it’s anticipated that the ready durations for many high-selling SUVs will come down.
Six months into the fiscal, M&M has bought a complete of 1,67,052 UVs, which makes for an 82 p.c progress (H1 FY2022: 92,016 models). This complete is already 75 p.c of the corporate’s complete gross sales of two,23,682 UVs in FY2022, which was its finest ever. Given the robust market momentum, the unabating demand for SUVs and safer autos, M&M could possibly be headed to hit the three,50,000 UV gross sales mark for the primary time in FY2023.
Kia India: 25,857 models / 79% YoY
Kia India has reported its highest-ever month-to-month gross sales of 25,857 models, which is a 79 p.c progress over final 12 months’s gross sales of 14,441 models, and betters June 2022’s 24,024 models. Kia’s bestseller stays the Seltos midsize SUV with 11,000 models, adopted by the Sonet compact SUV with 9,251 models. The lately launched Carens MPV, with 5,233 models, is reflecting robust buyer demand, whereas the Carnival MPV bought 333 models final month.
Toyota Kirloskar Motor: 15,378 models / 66% YoY
Toyota Kirloskar Motor reported despatches of 15,378 models in September 2022. This constitutes a 66 p.c year-on-year progress (September 2021: 9,284 models), and a month-on-month progress of two.80 p.c (August 2022: 14,959 models). The corporate’s cumulative gross sales for the primary six months of FY2023 (April-September 2022) are 91,451 models, up 68 p.c over the identical interval final 12 months (April-September 2021: 54,282 models).
Honda Automobiles India: 8,714 models / 29%
Honda Automobiles India (HCIL) has registered wholesale gross sales of 8,714 models in September, a 29 p.c progress over September 2021’s 6,765 models. The carmaker, which launched the robust hybrid Metropolis eHEV sedan at Rs 19.49 lakh in India in Might, is constructive of demand growing this festive season.
Honda Automobiles India continues to depend on the Metropolis and Amaze compact sedan as its two bread-and-butter fashions in India. It would possible introduce a brand-new compact SUV – codename 3US – by March 2023.
Volkswagen India: 4,103 models / 69% YoY
Volkswagen passenger automobiles India despatched 4,103 models in September 2022, up 69 p.c on the year-ago 1,682 models. The corporate is seeing a resurgence of demand due to the Taigun midsize SUV and the lately launched Virtus sedan.
MG Motor India: 3,808 models / 17.5%
MG Motor India has reported retail gross sales of three,808 models in September 2022, up 17.5 p.c (September 2021: 3,241). Cumulative gross sales for the primary six months of FY2023 (April-September 2022) are 22,163 models, which is 17 p.c over April-September 2021’s 18,920 models.
The corporate, which launched the mildly up to date Gloster SUV a month in the past at Rs 31.99 lakh, says the mannequin has “acquired an encouraging response.” In the meantime, the all-new ZS EV has additionally carried out effectively, and its “retail numbers are highest on this 12 months to this point”, albeit particular numbers haven’t been launched.
MG Motor India is among the many automakers which continues to be impacted by provide chain constraints and has a ready interval between three to 6 months throughout some fashions, is presently capable of provide solely the Astor MT mannequin in the meanwhile. The corporate although “is hopeful about commencing deliveries of the Astor computerized variants quickly.”
Skoda Auto India: 3,543 models / 17% YoY
Skoda Auto India has reported wholesales of three,543 models in September 2022, up 17 p.c (September 2021: 3,027). Month-on-month, September 2022 gross sales are down 19 p.c on August 2022’s 4,222 models.
For the primary six months of FY2023, Skoda’s cumulative gross sales of 27,911 models are a 126 p.c enhance 12 months on 12 months (April-September: 12,347 models). This may be credited to a powerful market demand for its two new fashions – the Kushaq SUV and the Slavia sedan.
Nissan Motor India: 3,177 models / 9%
Nissan Motor India reported despatches of three,177 models within the home market and export of 4,088 models.
Development outlook: SUV-charged gross sales headed for report FY2023
September 2022’s report gross sales can solely spell excellent news for the Indian automotive business, and for the general automotive business, as the advantages percolate to a number of ancillary sectors. Importantly, regardless of the general recessionary tendencies in India, and globally, shoppers are making a beeline for the most effective offers in a market thronging with new fashions and scores of variants, obtainable at a number of price-points.
The surging demand for SUVs, which now account for almost one out of each two automobiles bought in India, is mirrored available in the market. Whereas the compact SUV phase stays excessive on the patron’s radar, the rising demand for midsize SUVs is clear, together with an uptick for govt sedans.
With cumulative April-September 2022 gross sales crossing the 1.84 million mark, and the market momentum being robust within the coming six months of FY2023, Indian producers could possibly be taking a look at their best-ever annual gross sales of over 3.5 million models.
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