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regular-article-logo Wednesday, 03 July 2024

Lok Sabha elections, heat wave in north India hit automobile sales for May

The industry wholesale figures stood at 3,50,257 units in May — a growth of only 4.4 per cent over the sales figure of 3,35,436 units in May 2023

Our Special Correspondent Calcutta Published 02.06.24, 10:46 AM
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The general elections in India and the heat wave in the northern part of the country have cast a shadow on the May sales of automobiles.

The industry wholesale figures stood at 3,50,257 units in May — a growth of only 4.4 per cent over the sales figure of 3,35,436 units in May 2023.

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Maruti Suzuki

Maruti Suzuki’s domestic sales stood at 1,57,184 units compared with 1,51,606 units in May 2023, a growth of 3.5 per cent. In exports, the company took a hit with only 17,367 units compared with 26,477 units in May 2023.

Describing the low exports as a “one off case”, Partho Banerjee, sales and marketing head of Maruti Suzuki, said: “We missed a shipment in May because of the Red Sea crisis. We will make up for it in the coming months.” The company has a network stock of 35-36 days, which Banerjee described as “okay”.

Tata Motors

Tata Motors’ sales in the domestic and international market for both passenger and commercial vehicles stood at 76,766 vehicles compared with 74,973 units in May 2023.

Domestic sales of passenger vehicles stood at 46,697 units compared with 45,878 units in May 2023 — a growth of 2 per cent.

Exports of passenger vehicles stood at 378 units compared with 106 units in May last year — a growth of 257 per cent. EV sales from the Tata stable in May stood at 5,558 units, including exports compared with 5,805 units in May last year — a contraction of 4 per cent.

M&M

Mahindra & Mahindra on Saturday said its total wholesales increased 17 per cent year-on-year to 71,682 units in May.

The company’s total dispatches to its dealers stood at 61,415 units in May 2023.

Kia India

South Korean auto giant Kia India registered a sales of 19,500 units in May 2024. The company recorded a y-o-y growth of over 3.9 per cent compared with 18,766 units in the corresponding month of the last year.

Launched in January, the new Sonet emerged as the highest-selling model with 7,433 units, closely followed by Seltos and Carens with 6,736 and 5,316 units, respectively.

Toyota Kirloskar

Toyota Kirloskar Motor (TKM) on Saturday reported 24 per cent year-on-year increase in total wholesales in May at 25,273 units. Last month, domestic sales stood at 23,959 units while exports were 1,314 units.

MG Motors

MG Motor India on Saturday reported 5 per cent dip in wholesales at 4,769 units in May compared with 5,006 units to dealers in May 2023.

Royal Enfield

Motorcycle maker Royal Enfield on Saturday reported an 8 per cent decline in total sales at 71,010 units in May as against 77,461 units sold in the same month a year ago.

Domestic sales were at 63,531 units against 70,795 units in the year-ago period.

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