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Car sales: Car sales slow as parts bite

Sales of passenger vehicles remained subdued, despite strong demand in the local market, due to the global shortage of semiconductors which limited production by some of the country’s major automakers.

But even though market leaders Maruti Suzuki and Hyundai Motor India both reported a 10% drop in monthly sales to 121,995 units and 44,001 units, respectively, Tata Motors, Toyota Kirloskar Motor and Skoda Auto India fared well. to record robust volume growth on the back of new model launches and somewhat off a lower base. “The shortage of electronic components has had a minor impact on the production of vehicles, mainly domestic models,” Maruti Suzuki said in a statement, adding that the company had taken all possible measures to minimize the impact.

Yuichi Murata, Director (Marketing & Sales), Honda Cars India, explained that although customer sentiment continues to improve, supply chain issues remain a challenge impacting industry capacity. to meet growing demand. “We hope the situation will improve as soon as possible, so that the supply-demand equation can be more balanced,” Murata said. At Honda Cars India, wholesale volumes fell 13% to 7,874 units in April.

While local market traction is expected to continue, China’s Covid restrictions could still strain the supply chain, industry executives fear. MG Motor India said while demand for MG Hector, Astor and Gloster products continues to show positive momentum in inquiries and bookings, production has remained ‘volatile and immensely affected’ by chain constraints supply chain amid new lockdowns in different parts of the world.

“The brand is closely monitoring the situation caused by the new waves of Covid and aligning its efforts to deal with it,” the company added. MG Motor India sold 2,008 units, down 22% from the 2,565 units sold in the prior year period.

Local car giant Tata Motors bucked the trend to increase sales 66% to 41,587 units last month.

At Toyota Kirloskar Motor (TKM), volumes also increased by 57% to 15,085 units in April. Atul Sood, Associate VP (Sales & Strategic Marketing), TKM said, “Demand continues to peak in the new fiscal year as we close April with overall 57% growth over sales. roughly in April 2021. Along with the Crysta, Fortuner and Legender, the Camry Hybrid has also received very encouraging orders.”

Czech automaker Skoda also saw its volumes nearly quintuple to 5,152 units thanks to new launches – the Slavia sedan and the Kushaq SUV.