On the back of new models and shorter waiting times, car sales in India increased last month, maintaining the momentum of growth in the first three months of the year.
In April, Maruti Suzuki India said that it shipped 160,529 units to dealers, an increase of 7% from the previous year. The largest automaker in the nation reported that domestic sales increased by 9% in April 2022 to 143,558 units from 132,248 units.
Maruti Suzuki and Hyundai on the rise
Vehicle production was affected in some way by a lack of electronic componens. On May 1, Maruti Suzuki issued a statement announcing that the company had taken every measure in its power to minimize the impact.
According to Hyundai Motor India, April’s total sales reached 58,201 vehicles, an increase of 3.5%. According to a statement released by Hyundai Motor India COO Tarun Garg, “This strong growth has been supported by a massive response to the just-released all-new Verna, which has nearly doubled its volumes compared to its previous version.”
In April, Tata Motors sold 47,007 passenger cars in the domestic market, including electric cars. This was 13% more than the 41,587 cars sold in the same month last year.
According to Hardeep Singh Brar, national head of sales and marketing at Kia India, “Our strategic business decision to establish leadership in iMT (intelligent manual transmission), is working well with the iMT models contributing 34 percent to the overall April sales.”
MG Engine India detailed an over twofold ascent in retail deals at 4,551 units in April from 2,008 units a year sooner. ICRA vice-president and sector head – corporate ratings Rohan Kanwar Gupta says that despite concerns about moderate demand due to rising ownership costs, wholesale passenger vehicle dispatches remained healthy in April.
He stated that although production levels remained healthy, a shortage of electronic components continued to have an impact.
