Sunday, April 11, 2021

Vehicle sales are booming

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Sales growth in the seventh month
Maruti sales jump 8.3%
Hyundai sales up 29%

New Delhi: The auto industry is recovering fast after the lockdown. Passenger car sales rose for the seventh month in a row. Sales of nearly 3.08 lakh cars and SUVs were recorded from the factory to the showroom. Passenger vehicle sales grew 23 percent year-on-year. This shows that people are giving more priority to their own vehicles than the public transport system. Last month, Maruti sold a maximum of 1.44 lakh cars, while Hyundai sold more than 51,000 cars.

Maruti Suzuki
Maruti Suzuki said the company sold a total of 1,44,761 cars last month. The company had grown by 8.3 per cent to 1,33,702 units during the same period last year. Toyota supplied 1,47,483 units domestically, 11,486 exports and 5,500 cars in the latest sales. Speaking of domestic sales, the company recorded a growth of 8.3 per cent year-on-year. Sales of mini cars (including S-Preso and Alto) fell 12.9 percent. The company sold 23,959 mini cars in February 2021, and a total of 27,499 mini cars were sold in February 2020.

The compact vehicle (Company Swift, Celerio, Ignis, Baleno, Desire) registered a profit of 15.3%. The company sold 80,517 cars in the segment in February 2021, compared to 69,828 in February 2020. The company recorded an 18.9% increase in sales of utility vehicles. These include Vitara Brezza, S-Cross, and Ertiga. The company sold 26,844 cars in the segment last month, compared to 22,604 in February 2020.

Hyundai Motors
South Korea’s Hyundai sold a total of 51,600 cars in the second month of this year. The company recorded 26.4% growth in total sales. The company sold 48,910 cars in May during the same period last year. Hyundai reported a 29% year-on-year increase in domestic sales. Hyundai sold a total of 51,600 cars in the Indian market while the company sold 40,101 cars in the domestic market during the same period last year. Hyundai exports grew by 14.6% year-on-year. The company exported 10,200 cars last month compared to 8,900 cars in the same period last year.

NG Motors
The company sold three times as many cars. The company sold a total of 4,329 cars last month. This is 3 times more than in February 2020. MG sold 1,376 cars during the same period last year. It recorded an annual growth of 215 percent. The company received more than 350 orders for the ZS last month, which has doubled since January.

Tata Motors
Tata Motors, the country’s third-largest carmaker, reported 119 per cent growth in February with 27,225 units. The company had sold 12,430 units during the same period last year. The company recorded the highest amount of sales in its nine-year history.

Escort tractor
Agricultural equipment maker Escort reported 30.6% year-over-year sales in tractor sales. The company sold 11,230 tractors last month, compared to 8,049 in the same period last year. The company also exported 540 tractors last year.

Ashok Leyland
Ashok Leyland sold a total of 13,703 vehicles last month. The company reported a 19% increase in sales year-on-year. In February 2020, the company sold a total of 11,475 vehicles. The company sold a total of 12,776 vehicles in the domestic market. It recorded an annual growth of 20%. In February 2020, the company sold 10,612 vehicles in the domestic market.

Kia Motors
Korean brand Kia Motors rose 7 percent to 16,702 units in February. The company had sold 15,644 units during the same period last year.

Maruti registers 8.3% domestic growth in february

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