Companies

Maruti Suzuki, Hyundai, Toyota, Nissan see decline in monthly sales

Our Bureau New Delhi | Updated on September 01, 2021

Passenger vehicles sales posted robust growth in September 2020   -  REUTERS

Semiconductor shortages impact sales in August

The impact of semiconductor shortages is getting noted in the August auto sales numbers of companies such as Maruti Suzuki India (MSIL), Hyundai Motor India (HMIL), Toyota Kirloskar Motor (TKM) and Nissan India.

Country's largest passenger vehicles maker Maruti Suzuki India sold 1,03,187 units during the month, a decline of 24 per cent as compared with 1,33,732 units in July. While the second largest passenger vehicles manufacturer HMIL reported a decline of more than two per cent in its domestic wholesales on monthly basis to 46,866 units in August as compared with 48,042 units in July this year.

Vehicle retail sales grow to pre-Covid levels in July: FADA

Similarly, Toyota Kirloskar Motor said it has sold a total of 12,772 units in the month of August in the domestic market, down 2.5 per cent on month-on-month (MoM) basis as compared with wholesales of 13,105 units in July this year.

Nissan’s India domestic wholesales also declined by around 25 per cent MoM to 3209 vehicles during August as against 4,259 units in the previous month.  

The companies said the semiconductor shortages are hurting the companies in meeting the demand of the customers, especially with the start of the festive season.  “With the start of the festive season, customer sentiments are positive with increasing inflow of bookings, the challenge is on the supply side with shortages and increased lead time of semi-conductors supply impacting the availability of vehicles. We foresee this challenge to continue during the coming months,” Rakesh Srivastava, Managing Director, Nissan Motor India said.

However, Kia India recorded growth in its wholesales to 16,750 units in August as compared with 15,016 units in July.

"August was a month of multiple milestones for us and has given healthy sales numbers. Our products have been faring very well. The Carnival, our marquee product in India, has registered retail sales of 537 units this month, reflective of improving customer sentiment in the market. To cater to the pent-up and upcoming demand of our vehicles, we are taking appropriate measures to enhance the production output," Tae-Jin Park, Executive Director and Chief Sales and Business Strategy Officer, Kia India said.

Auto dealers staring at 30% drop in sales this festival season

MG Motor India has grown its retail sales marginally to 4,315 units during August as compared to 4,255 units in July.

With the success of Kushaq, Skoda Auto India also recorded higher sales to 3,829 units during the month as against 3,080 units in July.

According to analysts, the passenger vehicle (PV) volumes should fall sequentially due to supply challenges but may improve in comparison to 2019 levels. The recent supply issues are due to higher Covid-19 cases in Asian countries that are part of the semiconductor supply chain.  

In the two-wheeler segment, Bajaj Auto reported sales of 1,57,971 in the domestic market during the month as compared with 1,56,232 units in July.

 

Published on September 01, 2021

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