Maruti Suzuki India and Hyundai reported single-digit sales growth in July, with the SUV section persevering with to drive general demand in the market.
Maruti Suzuki’s complete home passenger car sales stood at 1,52,126 models final month as in contrast with 1,42,850 models in the year-earlier month, a growth of 6%. Utility autos, consisting of Brezza, Ertiga, Fronx, Grand Vitara, Jimny and XL6, clocked sales of 62,049 models final month, a two-fold soar as in opposition to 23,272 models dispatched in the year-earlier interval.
The firm led the SUV house final month with sales quantity of 46,620 models. The section accounted for 49.1% of the general passenger car sales. However, Maruti Suzuki noticed sales of mini section automobiles, comprising Alto and S-Presso, dip to 9,590 models final month as in opposition to 20,333 models in July 2022.
Sales of compact automobiles, together with Baleno, Celerio, Dzire, Ignis, and Swift, fell 21% to 67,102 models as in contrast with 84,818 models in the year-ago interval.
Rival Hyundai reported a marginal improve in home sales at 50,701 models final month from 50,500 models in the year-earlier interval.
“Our domestic July sales volume of 50,000 plus units is backed by a strong SUV portfolio. This has been bolstered by the addition of Exter to an already strong SUV line-up,” Hyundai Motor India COO Tarun Garg stated. With the semiconductor provide points roughly behind, the automaker is all equipped for the upcoming festive season in India beginning with Onam in Kerala, he added.
Tata Motors reported a marginal improve in its passenger car dispatches final month at 47,628 models. Mahindra and Mahindra noticed a 29% soar in passenger car sales in July. The Mumbai-based automaker’s wholesales rose to 36,205 models in July from 28,053 models in the year-earlier interval.
“We are excited to clock the highest-ever SUV domestic sales of 36,205 units in a month. The XUV 700 tribe grew to 1 lakh strong, in a record time of 20 months.
“Also in July, the Scorpio brand achieved the highest sales in a month since its launch,” Mahindra & Mahindra (M&M) Automotive Division President Veejay Nakra stated.
The firm continues to see sturdy demand for its key manufacturers, he added.
Toyota Kirloskar Motor (TKM) reported its best-ever month-to-month sales in July at 21,911 models. Last month, the corporate’s home wholesales stood at 20,759 models, whereas exports accounted for 1,152 models.
TKM beforehand posted its greatest month-to-month wholesales in May 2023 by promoting 20,410 models.
MG Motor stated its retail sales grew by 25% to five,012 models in July. The firm had offered 4,013 models in July 2022.
The automaker stated EV sales accounted for 34% of the entire sales final month.
In the two-wheeler section, Bajaj Auto reported a 2% drop in home sales in July at 1,79,263 models from 1,82,956 models in July 2022.
Suzuki Motorcycle India stated it offered 80,309 models in the home market in July.
Royal Enfield reported a 42% improve in home sales at 66,062 models final month as in opposition to 46,529 models in July 2022.
“We’ve begun the second quarter on a strong note, after stellar performance in the first quarter of this year. We are preparing for some big launches in the forthcoming months, and continue to focus on our strategic long term goals,” Royal Enfield CEO B. Govindarajan stated.
