Leading carmakers Maruti Suzuki India (MSI) and Hyundai saw a double-digit decline in sales in October due to global semiconductor shortages affecting production. Kia India and Honda Cars also saw a drop in dispatches from a year ago.
Tata, M&M buck trends
However, companies like Tata Motors, Mahindra & Mahindra (M&M), Nissan and Skoda were able to show growth last month despite supply chain challenges.
The country’s largest carmaker (MSI) said domestic sales declined by 32% to 1,17,013 units last month from 1,72,862 units in October 2020. Rival Hyundai Motor India reported a 35% drop in domestic sales to 37,021 units. It had dispatched 56,605 units to dealers in October 2020.
The global semiconductor supply constraint remains a challenge, resulting in reduced production across the industry.
Kia India saw a 22% drop in wholesale sales to 16,331 units, while Honda Cars saw a 25% drop in domestic dispatches to 8,108.
M&M said domestic passenger vehicle sales rose 8% to 20,130 units. Tata Motors reported a 44 per cent jump in domestic passenger vehicles at 33,925 units in October as compared to 23,617 a year ago. Nissan India’s domestic wholesale sales jumped three-fold to 3,913 units, while Skoda reported a more than two-fold jump to 3,065 units.
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