Economy

Car-makers report robust July sales as demand recovery holds

Our Bureau New Delhi | Updated on August 01, 2021

A representative image   -  Reuters

The commercial vehicle sales too jump in July.

Passenger car makers performed better in July, with most reporting double digit growth in domestic wholesales numbers on a month-on-month (MoM) basis.

Market leader Maruti Suzuki reported sales of 1,33,732 units in July, up around 8 per cent over June’s 1,24,280 units.

No 2 car-maker, Hyundai Motor India, reported a growth of more than 18 per cent MoM at 48,042 units (40,496).

“A positive growth momentum is clearly visible in the passenger vehicle industry with the stabilisation of macro-economic factors, good monsoons and increase in consumer shift towards personal mobility,” said Tarun Garg, Director (Sales, Marketing & Service), Hyundai Motor India.

Tata Motors sold 30,185 units in July, a jump of 25 per cent over June sales of 24,110 units in June.

‘Innova’ maker Toyota Kirloskar Motor reported 49 per cent growth on month-on-month despatching 13,105 units in July compared with 8,801 units in June.

Another Japanese subsidiary, Honda Cars India, reported sales of 6,055 units in July, a 27 per cent jump over 4,767 units sold in June.

Third shift at Nissan

Nissan Motor India, with its successful crossover SUV ‘Magnite’, also reported wholesales of 4,259 units during the month, a growth of 21 per cent against 3,503 units in June. “Customer sentiments have improved with opening of most of the markets. Nissan has achieved its highest sales in the last three years, we have increased the production of Nissan Magnite with the plant's third shift operations and are able to serve the pending bookings,” Rakesh Srivastava, Managing Director, Nissan Motor India. However, the challenge of shortage of semi-conductors and components is continuing, he said.

MG Motor, which gives out retail numbers (direct sales to customers), said that it sold 4,225 units in July compared to 3,558 in June.

Skoda Auto India, which has also started giving out its sales numbers, said that it sold 3,080 units in July compared to 734 in June.

Hero Motocorp down 3%

In the two-wheeler segment, market leader Hero MotoCorp reported a decline of 3 per cent on monthly basis to 4,29,208 units as against 4,41,536 units in June

Royal Enfield reported a sales growth of 10 per cent in July at 39,290 units from 35,815 units in June.

CV sales jump

In the commercial vehicle segment, Volvo Eicher reported a growth of 75 per cent, despatching 4,271 units in July against 2,438 in June. Tata Motors and Maruti Suzuki (Super Carry) also reported double-digit growth in their commercial vehicle sales during the month.

 

Published on August 01, 2021

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