Honda, MG and Nissan are the one carmakers to have recorded gross sales decline.
The passenger car market noticed a 29 % year-on-year progress in August 2022, fuelled by the continued easing of the semiconductor disaster, and extra importantly, the approaching of the festive season. With prospects preferring to make new car purchases throughout this time, carmakers usually hold their dealerships nicely stocked. The opposite progress driver, after all, stays the continued surge in demand for SUVs, which now account for almost 50 % of the general passenger car market.
|August 2022 Passenger Automotive gross sales|
|Carmaker||Aug’ 22||Aug’ 21||Y-o-Y Distinction||Jul’ 22||M-o-M Distinction|
The August 2022 gross sales figures, introduced by 10 carmakers, account for a complete of three,17,072 items, in comparison with 2,46,504 items bought in August 2021. Of those 10, three producers – Honda, MG Motor and Nissan – have reported decline in yearly gross sales. Here’s a detailed have a look at how the carmakers fared final month.
Maruti Suzuki: 1,34,166 items (+30 %)
Maruti Suzuki despatched a complete of 1,34,166 items, marking a 30 % progress in comparison with 1,03,187 items bought in August 2021. Maruti’s five-month tally of 6,46,170 items in April-August 2022 can be an excellent 22 % enchancment over the 5,29,981 items bought in April-August 2021.
The corporate is seeing gross sales progress for all its autos besides the Ciaz sedan. Importantly, demand is returning to its entry-level fashions. The Alto and S-Presso collectively account for 22,162 items, up 8.31 % year-on-year. Six of its fashions, comprising the Baleno, Celerio, Dzire (and Tour S), Ignis, Swift and Wagon R, contributed 71,557 items, which constitutes a 70 % year-on-year enhance. The UVs – new Brezza, Ertiga, S-Cross and XL6 – added one other 26,932 items, up 11 % year-on-year.
Maruti Suzuki India at the moment has a ‘drawback’ of a lot. It has new car bookings, which is up from round 2,80,000 items in Q1 FY2023. Robust buyer demand for the brand new Brezza compact SUV and the midsized Maruti Grand Vitara has elevated the backlog by one other 1,00,000-odd items. The order backlog additionally contains CNG variants, which account for 33 % or round 1,26,000 items.
Hyundai: 49,510 items (+5.6 %)
Hyundai reported despatches of 49,510 items, up 5.6 % on the year-ago tally of 46,866 items. The Creta continues to be the mainstay for the Korean carmaker, even because the Venue compact SUV delivers the products. For Hyundai, which is at the moment the fourth-placed UV maker in India, ramping up manufacturing to satisfy demand is vital. Tarun Garg, director of gross sales, advertising and repair, Hyundai Motor India, stated: “With the repeatedly bettering semi-conductor state of affairs, provides proceed to go up.”
Tata Motors: 47,166 items (+68 %)
Tata Motors reported wholesales of 47,166 autos, which interprets into 68 % year-on-year progress, and simply 339 items shy of the carmaker’s finest month-to-month gross sales determine: 47,505 items in July 2022.
Tata’s ICE-powered autos accounted for 43,321 items, marking a 60 % year-on-year enhance. In the meantime, Tata’s EVs accounted for 3,845 items, which corresponds to a 276 % year-on-year progress. The Nexon EV, Tigor EV and XPres-T EV account for Eight % of Tata’s total passenger car gross sales, establishing the significance of the first-mover benefit.
As is understood, Tata has focused manufacturing and sale of over 5,00,000 passenger vehicless this fiscal. Within the first 5 months of FY2023, it has averaged month-to-month gross sales of 44,959 items. If it maintains this progress trajectory, the half-a-million unit gross sales goal must be achievable.
Mahindra: 29,852 items (+87 %)
Mahindra, like Tata Motors, has recorded a really sturdy year-on-year progress final month. The corporate, which is driving the surging wave of demand for SUVs with a number of of its merchandise, reported wholesales of 29,852 items, up 87 % year-on-year in comparison with 15,973 items in August 2021; 98 % of those – 29,516 items – comprised SUVs.
Based on Veejay Nakra, president, automotive division, Mahindra, “August was a really thrilling month throughout many segments for us. Demand throughout our portfolio stays sturdy and is enhanced with launches of the Scorpio N and Scorpio Traditional. The provision chain state of affairs continues to stay dynamic for choose product strains and we’re taking acceptable actions to minimise influence.”
Kia: 22,232 items (+33.27 %)
Kia India clocked 22,322 items of wholesales in August 2022, a year-on-year progress of 33.27 %. The Seltos stays Kia’s bestseller in India with 8,652 items, accounting for 39 % of total gross sales final month. The Sonet, with 7,838 items, made up 35 % share, whereas the Carens, with 5,558 items, made up for 25 % share. Kia’s flagship – the Carnival MPV – bought 274 items, accounting for 1.23 % share.
Kia not too long ago up to date the Seltos with six airbags as normal, making it the primary SUV in its phase to take action. The Sonet additionally not too long ago obtained a brand new particular version model, known as the Sonet X-Line, which launched with a matte gray paint scheme.
Toyota: 14,959 items (+17 %)
Toyota reported wholesales of 14,959 items in August 2022, which marks a 17 % year-on-year progress in comparison with 12,722 items bought in August 2021. The corporate’s cumulative wholesales within the first 5 months of FY2023 are 76,073 items, which is a year-on-year enhance of 68 %, in comparison with 44,998 items bought in April-August 2021.
Atul Sood, affiliate VP, gross sales and strategic advertising, TKM, stated that the preliminary response to the soon-to-be-launched City Cruiser Hyryder electrical SUV “has been phenomenal”.
Toyota additionally not too long ago launched an announcement saying a short lived pause in bookings of certainly one of its bestsellers – the Innova Crysta diesel. The assertion didn’t make clear as to when the diesel variant shall be again on sale. Based on sellers, bookings for the Innova Crysta diesel have been halted as a result of semiconductor scarcity. It’s understood that the corporate will fulfill all bookings it obtained till early August 2022 for the diesel variant as per the stipulated time, however future bookings are more likely to be delayed by a number of months. Contemplating that the diesel-engined Innova Crysta is without doubt one of the firm’s highest sellers, its progress trajectory this fiscal might be impacted.
Honda – 7,769 items (-30 %)
Honda bought a complete of seven,769 items in August, registering a year-on-year decline of 30 % in comparison with the 11,177 items bought in August 2021. This, nevertheless, continues to be an enchancment over the 6,784 items bought in July 2022. Based on Honda, the chip scarcity is constant to influence its provides and the carmaker says that it’s seeking to align manufacturing to satisfy the demand within the shortest time.
Honda India’s portfolio at the moment consists of the Jazz, WR-V, Amaze, Metropolis Gen 4 and Metropolis Gen 5. By March 2023, Honda shall be axing the Jazz, WR-V and Metropolis Gen Four to make manner for a brand new compact SUV in 2023.
Skoda: 4,222 items (10 %)
Skoda India bought a complete of 4,222 items in August 2022, marking a 10 % year-on-year progress in comparison with 3,829 items that have been bought in August 2021. Unsurprisingly, the Kushaq and the Slavia have been the quantity drivers for Skoda.
Skoda not too long ago additionally introduced its gross sales efficiency for the primary eight months of 2022 in India, which, at 37,568 items, is the highest-ever recorded by the Czech carmaker within the nation. It’s, actually, greater than what the model has bought within the entirety of 2021 in India, and its highest since 2012, when it bought 34,678 autos. This has additionally made India the model’s third largest market globally, after Germany and the Czech Republic.
MG Motor: 3,823 items (-11 %)
MG clocked gross sales of three,823 items in August and is without doubt one of the few carmakers to have witnessed a year-on-year decline – 11 % in comparison with the 4,315 items bought in August 2021. Month on month too numbers have been down by 4.7 %. MG continued to quote causes of provide chain points which led to manufacturing challenges, however stated they’re working in direction of augmenting provides and assembly buyer demand – certainly one of which was the introduction of the brand new trimmed-down Government variants of choose fashions.
MG not too long ago launched the up to date Gloster with a number of beauty modifications and extra expertise and options. Subsequent in line for MG is the up to date Hector, with a 14-inch portrait-style touchscreen. Subsequent yr, MG will introduce a compact EV within the Indian market.
Nissan: 3,283 items (-10 %)
Nissan bought 3,283 items in August 2022, registering a 10 % decline in comparison with August 2021 when it bought 3,667 items. The decreased demand could be attributed to the truth that Nissan’s product portfolio consists of solely two fashions – the Magnite and the Kicks – of which solely the previous brings in respectable quantity.
Whereas its home gross sales have seen a decline, Nissan goes sturdy with its exports, having not too long ago exported its one-millionth made-in-India car. In truth, Nissan reported cumulative gross sales of 8,915 items in August 2022, of which 5,632 items have been earmarked for export. Total cumulative gross sales have been up month-on-month by about 7 %.