car sales will show a positive trend in July 2022, with companies finally semiconductor Production hurdles due to shortages. Experts suggest the improvement could be impacted by unprecedented interest rate hikes or commodity price inflation.
Considering semiconductor During the crisis, most manufacturers have been able to improve their production rates and are doing it well. Tata When Toyota, both posted record monthly sales, while Kia, Skoda and Mahindra posted significant growth. However, Kia Motors and MG Motor reported lower monthly sales.
India’s leading automobile manufacturer maruti suzuki On the other hand, Toyota’s sales of Innovacryster and Fortuner increased, recording the best results ever. Tata Motors’ sales were initially sluggish, but his EV sales this month surpassed his 4,000 units.
According to the July 2022 sales report, 14 manufacturers combined sold a total of 324,650 units, compared to 278,437 units sold in July 2021. Here’s how the top automakers performed in July 2022:
maruti suzuki sales recovery
India’s top automaker saw its sales surge by selling more than 129,802 units in July, helping it dominate the market. Most small cars make up more than half of Maruti Suzuki’s total sales. This category includes cars such as the Swift Dzire, WagonR, Baleno and Swift.
In addition, heavy-duty vehicles such as the Ertiga, Brezz, XL6 and S-Cross, and light-segment vehicles such as the S-Presso and Alto were also popular.
Toyota makes history
Japanese auto giant Toyota posted its best month ever with sales jumping 50% compared to July 2021. Innova Crista, Granza and Fortuner were some of the popular cars sold. All eyes are on his HyRyder next, who could score even better numbers in the coming months.
Toyota sold 19,693 vehicles, up 19% month-on-month. That number seems low compared to Maruti Suzuki, Tata and other brands, but they don’t make cheap cars, so that’s an achievement in itself.
Tata motors break 4000 units in EV segment
Interestingly, Tata Motors sales increased 57% with 81,790 units sold on July 22nd compared to 51,981 units on July 21st. The launch of the Nexon EV Max allowed Tata to cross the 4000 mark in the electric vehicle segment.
Overall, Tata’s July sales were down 1% due to lower commercial vehicle sales.
Bajaj and TVS report decent profits
Bajaj and TVS are the only two-wheel manufacturers on this list, but they report sizable back-to-back profits. However, Bajaj suffered a 4% loss due to declining exports.
Pulsar, CT100, Platinum and some entry-level motorcycles were Bajaj’s driving factors.
Kia rises year-on-year
The South Korean-based automaker did not perform well month-over-month in July 2022, as it sold only 22,022 units compared to 24,024 in June 2022.
However, in July 2022, the year-on-year performance was excellent as sales surged by 47%.
Mahindra sales rise
Mahindra and Mahindra were the worst hit auto brands after unfixed supply chain issues and failure to meet customer expectations, but their fortunes changed in July 2022.
In July 2022, it sold 24,238 against 23,000 in June 2022. Statistically, it grew 5% month-over-month and 38% year-over-year.
Hyundai sales improve
Hyundai was also hit hard last year. However, it recovered this year, reporting positive wholesale trends. The company sold 50,500 of his units, a 5% increase over the previous year.
On a month-to-month basis, sales increased 3%.
Rate of change (vs. previous month) %
|Mahindra and Mahindra||24,238||17,595||23,000||Five||38|
|Renault India||7,128||9,787||-9,317||-twenty three||-27|
https://www.business-standard.com/article/automobile/auto-sales-report-july-2022-toyota-breaks-their-sales-record-122080401145_1.html Auto Sales Report July 2022: Toyota Breaks Sales Record