Last month, most cars on sale in India saw an upward price revision. Has that affected the sale figures of car manufacturers in the Indian automotive market? Find that out below.
Half a calendar year has passed by and the Indian car market is fairly populated with new launches. Manufacturers are introducing newer and exclusive variants of their cars and some are offering brand new products, which seem to have worked in their favour.
In contradiction, the prices of steel have been at an all-time high which in turn have compelled some manufacturers to increase the prices on a few of their products.
Following is the four-wheeler sales report for the month of July 2021, which will give us an idea of how auto-manufacturers have faired:
Skoda India has reported a Y-o-Y (year-on-year) growth of 234 per cent. The company sold 3,080 cars in July 2021, 2,158 units more, compared to 922 cars sold in July 2020. The sales in June 2021 stood at 734 units, which account for a 320 per cent increase in July 2021. Skoda India says most of its sales have come in via the new Kushaq buyers. The sales are expected to see a rise as the company will commence deliveries of the higher, 1.5-litre variant of the Kushaq this month.
Hyundai India sold a total of 60,249 units in July 2021, out of which 48,042 units account for domestic sales, and the rest 12,207 units make up the exports figure. The Y-o-Y growth is marked at 25.8 per cent as the company sold 38,200 units in July 2020. In June 2021, Hyundai India sold 40,496 units domestically. With respect to that, the M-o-M sales have gone up by 18.6 per cent. The Y-o-Y exports figure for July 2021 grew by 293.8 per cent as the company managed only 3,100 units in July 2020.
The July 2021 domestic sales for Tata Motors stand at 30,185 units. That is a Y-oY growth of 101.1 per cent compared to July 2020 when Tata motors sold 15,012 units. The M-o-M sales have seen a rise of 25 per cent as Tata Motors sold 24,111 units in July last year.
Including its commercial vehicle sales, domestically and internationally, the July 2021 sales figure stood at 54,119 units, compared to 27,711 units during July 2020.
Nissan India has reported the highest sales figure in the last three years. A total of 4,259 units have been sold domestically. Compared to its 784 units sales in July 2020, Nissan India has reported a hike of 443 per cent. The M-o-M sales figures have seen a bump as well. With 3,503 units sold in the month of June 2021, Nissan has reported a 21.6 per cent M-o-M hike.
Nissan India’s exports for July 2021 stood at 3897 units, showcasing a growth of 64 per cent over 2,375 units in July 2020. Also, since Magnite’s launch, Nissan has sold over 20,000 units in India.
MG Motors India
MG Motors India has sold 4,225 units domestically. That marks a 101 per cent growth of Y-o-Y sales figures as MG Motors sold 2,105 units in July 2020. The M-o-M sales are up by 18.7 per cent. In June 2021, MG Motors retailed 3,558 units domestically. The company has also added that its MG ZS EV has seen the highest number of bookings in July 2021, since its launch.