- Suzuki registers its highest sales decline of 57.3% in September
- Tata Motors is the only brand in the top-five list to report growth in sales
In September, most major automakers in the country reported a drop in sales. Last month, the global shortage of semiconductors and Ford’s decision to exit the Indian market were low points.
Last month, Maruti Suzuki registered a 57.3 percent drop in sales with 63,111 units sold in the country compared to 1,47,912 units sold in the same period the previous year. The country’s second-highest seller, Hyundai, has also registered a significant drop in sales of 34.2 percent with 33,087-unit sales as compared to 50,313-unit sales in September 2020. The country’s third highest-selling automotive manufacturer, Tata Motors, holds the third position with 25,729 units sold in September 2021 compared to 21,200 units sold in the same period last year, with a growth of 21.4 percent. Interestingly, Tata Motors is the only one among the top five brands to report a growth in sales last month.
In terms of cumulative sales, Kia Motors and Mahindra hold the fourth and the fifth ranks, respectively. Kia India sold 14,441 units in the country last month compared to 18,676 units sold in the same period the previous year, thereby registering a 22.7 percent drop in sales. On the other hand, Mahindra reported a cumulative sale of 12,863 units compared to 14,663 units sold in September 2021, thereby registering a 12.3 percent drop in sales.
The semiconductor shortage is likely to continue in the days to come. However, the upcoming festivals of Navratri and Dusshera are expected to boost cars sales in the country.