Amid high fuel prices, chip shortages, Indian auto sales rose in August
This year, though, lockdowns were more regional in character, with fewer limitations. Nonetheless, high gasoline prices and shortages of electrical components hindered sales and extended waiting times.
India's leading vehicle manufacturers reported good August sales figures despite rising fuel prices and a lack of electronic components. The pace of sales growth fell from July to August, although it was a quicker year on year owing to the base impact. Last year, the pandemic-caused countrywide lockdown from late March 2020 had a significant impact on the sector. This year, though, lockdowns were more regional in character, with fewer limitations. Nonetheless, high gasoline prices and shortages of electrical components hindered sales and extended waiting times.
In terms of sales, Maruti Suzuki's overall offtake in August increased to 130,699 units, up from 124,624 units sold in the same month the previous year. The overall sales for the month were 105,775 units sold domestically, 4,305 units sold to other OEMs, and 20,619 units exported. "Due to a scarcity of electronic components, the company's sales volume in August 2021 were impacted. The firm took all precautions necessary to mitigate the negative impact," the company stated.
Hyundai Motor India also recorded a rise in total sales in August. The company's August sales increased by more than 12.3 per cent year on year, climbing to 59,068 units last month from 52,609 units sold in August 2020. Domestic sales increased to 46,866 units, up from 45,809 units recorded in the same time last year. Similarly, in August, the business exported 12,202 units, up from 6,800 units sold overseas in the same month in 2020.
Mahindra & Mahindra's total car sales for August 2021 were 30,585 units. M&M's Chief Executive Officer, Automotive Division, Veejay Nakra, stated that the firm sold 30,585 automobiles overall and had a 17 per cent increase in the Passenger Vehicles category compared to the previous year. He said that demand for our whole product line is robust, with Thar, XUV 300, and our newly introduced Bolero Neo and Bolero Pik-up models seeing good bookings.
Tata Motors' overall August sales increased to 57,995 vehicles, up from 36,505 units sold in the same month the previous year. Its overall domestic sales increased by 53 per cent year on year to 54,190 units during the month under review.
Likewise, overall passenger car sales increased. The segment's offtake increased to 28,018 units in August 2020, up from 18,583 units.