Auto sales clocked an impressive triple-digit growth in May with passenger vehicle market leader Maruti Suzuki India (MSIL) reporting a growth of 278 per cent year-on-year to 1,24,474 units during the month compared with 32,903 units in May last year.
Sales of Tata Motors jumped 185 per cent to 43,341 units in May against 15,181 units a year ago.
The impressive sales numbers when compared to a year ago is because of the low-base effect as there was a lockdown across the country in May 2021 due to Covid-19.
“The sales figures of May 2022 are not comparable with that of May 2021 as the operations of the company in May 2021 were significantly affected because of Covid-19 related disruptions,” MSIL said in a statement.
The company also added that the shortage of electronic components had a minor impact on the production of vehicles in May, especially domestic models, and it took all possible measures to minimise the impact.
Tata Motors said this was the highest ever monthly sales since its inception for both PV and electric vehicles (EV) combined. EV sales were at 3,454 units during the month against only 476 units in May 2021.
Mahindra & Mahindra’s sales grew 236 per cent to 26,904 units compared with 8,004 units in May last year.
“We are witnessing strong bookings and have a robust pipeline. We announced the launch of Scorpio-N, which is generating very high-interest levels and promises to be yet another blockbuster from Mahindra. We are closely monitoring the supply chain related issues, which continue to constraint volumes and are taking appropriate actions to mitigate the impact,” Veejay Nakra, president of the automotive division of M&M, said.
‘Seltos’ maker Kia India reported domestic sales of 18,718 units during last month, registering a YoY growth of 69 per cent as compared with 11,050 units in the same month last year.
MG Motor India grew 294 per cent YoY to 4,008 units (1,016 units). Skoda Auto India, with its new launches like Kushaq compact SUV and Slavia sedan, reported sales of 4,604 units (716 units).
In the two-wheelers segment, Chennai-based TVS Motor Company reported a growth of 267 per cent YoY to 1,91,482 units in May compared with 52,084 units in the same month last year. Bajaj Auto grew 59 per cent YoY to 96,102 units (60,342 units).
