Tata Motors’ sales in April increased by over two-thirds over the same period last year. Rivals Hyundai India and Maruti Suzuki did worse.
Tata Motors sold 72,468 units as of May 1, up 74 percent over April 2021 when it sold 41,729 units.
In April 2022, it sold 71,467 domestic units, including 30,838 commercial trucks and 41,587 passenger cars.
16 515 commercial vehicles and 25 095 passenger vehicles were sold last year.
Hyundai India sold 44,001 units domestically and 12,200 units abroad, bringing its cumulative sales to 56,201 units for April 2022.
On a YoY basis, foreign sales declined by 5 percent and domestic sales by 10 percent.
Suzuki’s April sales fell by 5.7 percent as well.
Setback For Maruti
It sold a total of 1.50 lakh units during the month as compared to 1.59 lakh units in the year-ago period.
Total domestic sales was recorded as 1.26 lakh units which is lower as compared to 1.37 lakh units sold in April 2021.
Domestic passenger vehicle sales came in at 1.21 lakh units last month, as compared to 1.35 lakh in the corresponding period last year.
Bread Without Butter
The numbers were reported a day after Maruti Suzuki Chairman RC Bhargava commented that the “butter” from the company’s “bread and butter” segment has gone away- a reference to the shrinking small car market.
According to him, because of regulatory changes, taxes levied by state governments, and a rise in commodity prices, the prices on the lower end of the market have increased.