Main automakers comparable to Maruti Suzuki, Hyundai, and Tata Motors have introduced robust gross sales figures for February, largely pushed by sustained demand for sports activities utility autos (SUVs). Alongside, Mahindra & Mahindra, Toyota Kirloskar Motor, and Honda Automobiles additionally skilled elevated car dispatches to sellers all through the earlier month.
February marked the third-highest gross sales month on file for the trade. January of this 12 months witnessed the highest-ever wholesale of passenger autos in a single month, with 394,500 models dispatched. This was adopted intently by October 2023, recording wholesales of 391,811 models.
Maruti Suzuki India reported a 9 per cent enhance in complete home passenger car gross sales for February, reaching 160,271 models in comparison with 147,467 models in the identical interval final 12 months.
Notably, gross sales of utility autos, together with fashions comparable to Brezza, Ertiga, Grand Vitara, and XL6, surged by 82 per cent to 61,234 models, up from 33,550 models in February 2023. Nonetheless, mini phase automobile dispatches, comprising fashions like Alto and S-Presso, declined to 14,782 models from 21,875 models in February 2023.
Equally, gross sales of compact automobiles, together with Baleno, Celerio, Dzire, Ignis, Swift, Tour S, and WagonR, noticed a ten per cent drop to 71,627 models in comparison with 79,898 models in the identical month final 12 months.
In a digital press briefing, Maruti Suzuki India’s Senior Government Officer (Advertising and Gross sales), Shashank Srivastava, highlighted that February marked the all time month-to-month gross sales efficiency for the passenger car trade, persevering with a streak of 14 consecutive months of file gross sales.
Srivastava additionally talked about that the corporate surpassed 1.6 million gross sales in the course of the present fiscal 12 months in February, whereas estimating the trade’s complete gross sales for the fiscal 12 months 2023-24 at 42.1 million models, with SUVs contributing roughly 50.5% of this determine, barely down from February’s estimate of 51.5 per cent.
Tata Motors claimed the second spot by way of passenger car gross sales, with a dispatch of 51,321 models, representing a 19 per cent year-on-year progress in comparison with February 2023.
Hyundai Motor India reported a 7 per cent enhance in home wholesales to 50,201 models from 47,001 models in the identical interval final 12 months. The corporate’s COO, Tarun Garg, highlighted the continued success of SUV gross sales, constituting 67% of total gross sales in February, with rural gross sales accounting for 20 per cent of complete dispatches.
Mahindra & Mahindra witnessed a 40 per cent year-on-year rise in home passenger car gross sales to 42,401 models in February.
Different automakers comparable to Toyota Kirloskar Motor, Honda Automobiles, MG Motor India, Hero MotoCorp, Honda Motorbike & Scooter India, TVS Motor Firm, Royal Enfield, and Suzuki Motorbike India additionally reported optimistic gross sales figures for February, indicating a promising pattern throughout the automotive trade.
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