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New Delhi, February 1
Most of the passenger vehicle (PV) manufacturers reported growth in the domestic wholesales (dispatches to dealers) in January on a year-on-year (y-o-) basis.
For instance, country’s largest PV maker Maruti Suzuki India reported a jump of 14 per cent y-o-y in its sales to 1,47,348 units in January as compared with 1,28,924 units in same month last year.
Similarly, Hyundai Motor India reported a growth of 14 per cent y-o- in its domestic sales to 50,106 units (44,022 units).
‘Nexon’ maker Tata Motors also reported a jump of 18 per cent y-o-y to 47,987 units (40,777 units).
Mahindra & Mahindra reported a growth of 65 per cent y-o-y to 33,040 units (19,964).
Kia India registered its highest-ever domestic monthly sales of 28,634 units in January, a 48 per cent jump, (19,319 units).
Similarly, Toyota Kirloskar Motor’s sales grew significantly to 12,835 units (7,328).
However, MG Motor India reported a four-per cent fall in vehicle sales at 4,114 units in January as against 4,306 units over the same month last year.
Two wheelers
In the two-wheeler segment, market leader Hero MotoCorp reported domestic sales of 3,49,437 units in January, a fall of around three per cent y-o-y as compared with 3,58,660 units in corresponding month last year.
However, TVS Motor Company registered growth of 29 per cent y-o-y in its domestic two-wheeler sales increasing from 167,795 units to 216,471 units in January 2023.
Royal Enfield also reported a growth of 36 per cent y-o-y to 67,702 units in January as compared with 49,726 units in January last year.
Similarly, Suzuki Motorcycle India registered a growth of nine-per cent y-o-y to 66,209 units as compared with 60,623 units in January 2022.
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