Auto Sales Report: Wholesale sales of Maruti, Hyundai, Tata Motors reached a record level in the last financial year
[ad_1]
Auto Sales in March 2023: The country’s vehicle market has started recovering from the shock of Corona. After the Corona period, the number of passenger vehicles in the country is increasing rapidly. Indians are buying vehicles in record numbers. The huge sales increase comes at a time when semiconductor supplies have been much better than they have been in the past few years.
Major vehicle manufacturers – Maruti Suzuki, Hyundai and Tata Motors registered their best ever domestic wholesale sales in FY 2022-23, on the basis of which the domestic passenger vehicle industry achieved its best ever performance. The country’s largest carmaker Maruti Suzuki India registered the highest ever sales of 19,66,164 units in 2022-23, a growth of 19 percent, while the figure was 16,52,653 units in FY 2021-22. Maruti wholesaled 17,06,831 units in the domestic market in the ended financial year, which is 21 percent higher than the figure of 14,14,277 units in 2021-22.
Hyundai Motor India said that its total sales in the financial year 2022-23 stood at 7,20,565 units, which is 18 percent more than 6,10,760 units in 2021-22. According to the company, this is its highest sales figure in a financial year after starting operations in India. The company shipped 5,67,546 units to sellers domestically in 2022-23, up 18 percent from 4,81,500 units shipped in 2021-22.
Tata Motors’ total domestic sales during FY 2022-23 stood at 9,31,957 units, which is 35 percent higher than 6,92,554 units in FY 2021-22. In this financial year, Tata Motors passenger vehicle sales increased by 45 percent from 3,70,372 units to an all-time high of 5,38,640 units.
Kia India sold 2,69,229 units in FY 2022-23, a 44 percent increase, while in 2021-22 the company sold 1,86,787 units. In the January-March 2023 quarter, the company had the highest ever share of 7.4 percent in the vehicle industry sector.
Toyota Kirloskar Motor’s wholesale sales in FY 2022-23 increased by 41 percent to 1,74,015 units while in FY 2021-22 it sold 1,23,770 units.
Honda Cars India’s wholesale sales in the domestic market in 2022-23 increased by seven percent to 91,418 units, compared to 85,609 in 2021-22. The company exported 22,722 units in 2022-23, a 17 percent increase, while the figure was 19,401 in 2021-22.
The country’s leading two-wheeler manufacturer Hero MotoCorp sold over 51.55 lakh units in the domestic market during the financial year 2022-23, which is 11 percent higher than 46.43 lakh vehicles a year ago. However, its exports decreased from 3.0 lakh vehicles to 1.72 lakh units during this period.
TVS Motor Company sold 3,07,559 two-wheelers in March with a five percent increase, while in March 2022, 2,92,918 two-wheelers were sold. During this period, its domestic sales stood at 2,40,780 units with a growth of 22 percent.
Motorcycle maker Royal Enfield sold 72,235 units in March, a growth of seven per cent, as against 67,677 units in March last year. In the month under review, its domestic sales stood at 59,884 units with a growth of two percent. (with language input)
[ad_2]
Source link
