Indian automakers have recorded a 91 percent increase in sales in September 2022, Vinkesh Gulati, president of the Federation of Automobile Dealers Associations (FADA) revealed. Automakers such as Maruti, Hyundai, Tata, Mahindra and Mahindra, among several others, shipped a total of 3,54,956 passenger cars in September 2022, up from 1,85,908 units in September 2021.
India’s largest automaker Maruti, which sold the maximum number of passenger cars, reported sales growth of 135 percent in September 2022 from the previous year. The company shipped 1,48,380 units from the factory to dealers last month, up from 63,111 units in September 2021.
In addition, Maruti Suzuki India also reported more than doubling car production with 1,77,468 units in September 2022. The company produced a total of 81,278 units in the same month last year. Maruti Suzuki also revealed in a registration application that “the shortage of electronic components had a small impact on vehicle production during the month.”
On the other hand, homegrown SUV maker Mahindra reported the largest year-over-year growth of 163 percent, selling 34,508 units in September 2022, up from 13,134 units in the same month of the previous year. With nearly twofold growth, Mahindra has also emerged as the top player in the domestic SUV market.
In addition, in September, Mahindra recorded the highest-ever monthly wholesale trade of 64,486 vehicles, a double jump from the same period a year ago. It now ranks fourth among domestic automakers in terms of shipments to dealerships.
Hyundai emerged as the second largest automaker in the country, selling 49,700 units in September 2022, a 50 percent increase from last year. The company sold 33,087 units in September 2021. The company also revealed that its Creta SUV continues to dominate the center of the SUV space with a 36 percent increase in bookings for September over the past year.
Tata Motors, currently the third largest passenger car manufacturer in India and top electric vehicle player, sold 47,654 passenger cars in September 2022, an increase of 85 percent from last year. The Tata group company sold 25,730 cars in September 2021.
Shailesh Chandra, Managing Director of Tata Motors Passenger Vehicles, said the company achieved its highest-ever monthly revenue last month, led by record sales from Nexon and Punch.
South Korean company Kia recorded sales growth of 79 percent and sold 25,857 units in September 2022. The company sold 14,441 cars in the same month last year.
MG Motor India managed to deliver 3,808 units in September 2022, up from 3,241 in September 2021. Toyota Kirloskar posted domestic sales of 15,387 units in September 2022, an increase of 66 percent compared to 9,284 units in the same period last year.
In September 2022, Skoda Auto registered a growth of 17 percent and sold 3,543 units against 3,027 in September 2021. Honda realized a growth of 29 percent and sent 8,714 vehicles in September this year. It sold 6,765 cars in September 2021.
French carmaker Renault sent 7,623 cars last month, compared to 7,326 in September last year.