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Main carmakers Maruti Suzuki India (MSI) and Hyundai witnessed a double-digit drop in gross sales in October on account of the worldwide semiconductor scarcity impacting manufacturing. Kia India and Honda Vehicles additionally noticed a fall in dispatches from a 12 months earlier.
Tata, M&M buck pattern
Nevertheless, firms comparable to Tata Motors, Mahindra & Mahindra (M&M), Nissan and Skoda managed to indicate development final month regardless of provide chain challenges.
The nation’s largest carmaker (MSI) stated home gross sales slipped 32% to 1,17,013 items final month as towards 1,72,862 items in October 2020. Rival Hyundai Motor India reported a 35% decline in home gross sales to 37,021 items. It had dispatched 56,605 items to sellers in October 2020.
The worldwide semiconductor provide constraint continues to be a problem, leading to decrease manufacturing throughout the trade, it stated.
Kia India witnessed a 22% decline in wholesales to 16,331 items, whereas Honda Vehicles noticed home dispatches slide 25% to eight,108.
M&M stated home passenger automobile gross sales rose 8% to twenty,130 items. Tata Motors reported a 44% leap in home passenger automobiles to 33,925 items in October in contrast with 23,617 a 12 months earlier. Nissan India’s home wholesales rose over threefold to three,913 items, whereas Skoda reported a greater than twofold leap to three,065 items.
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