With a YoY positive sales growth of 22.3%, a total of 2,94,047 units were sold in India in November 2022 as opposed to 2,40,433 units during the same time last year.
This year has seen a burst of new car launches from major carmakers, which undoubtedly contributed to some impressive figures. Interestingly, Maruti Suzuki continues to dominate the sales statistics even for the month of November. The following is a segment-by-segment breakdown of vehicle dispatches for November 2022.
1. Maruti Suzuki
According to the firm, total sales during the month increased 14.4% year on year (YoY) to 1.59 lakh units, up from 1.39 lakh units in the same month last year. Total domestic sales for the manufacturer increased by 18.8% to 1.39 lakh units in November 2022, compared to 1.17 lakh units in November 2021. The automaker also stated that overall sales in November included 135,055 units sold domestically, 4,251 units sold to other original equipment manufacturers (OEMs), and 19,738 units exported.
Furthermore, Maruti Suzuki indicated that the lack of electronic components had only a minimal influence on vehicle manufacturing, primarily in domestic models. In a regulatory statement, the firm noted, "The company took all possible measures to minimise the impact." According to Maruti Suzuki, sales of mini segment cars like the Alto and S-Presso increased from 17,473 units in November 2021 to 18,251 units in November 2022, whereas sales of compact segment cars like the Baleno, Celerio, Dzire, Ignis, Swift, Tour S, and WagonR improved from 57,019 units to 72,844 units.
For the month of November 2022, Hyundai reported sales of 48,003 domestic units, 16,001 export units, and a total of 64,004 units. As a result, Hyundai's domestic sales increased by 29.7% YoY, while its overall sales rose by 36.4%.
Tarun Garg, Director (Sales, Marketing & Service), Hyundai Motor India Ltd., commented on sales for November 2022 and noted, “This year we have seen a sustained recovery and growth in demand for our most loved Hyundai cars. On the back of a strong festive season, we have achieved a high double-digit growth in domestic sales in the last couple of months when compared to the same period last year.”
3. Tata Motors
According to the figures released by Tata Motors India, the company sold 75,478 units in total in November 2022, including both commercial and passenger vehicles. This is a 21% increase from the same month the previous year. In November this year, the automaker sold 46,425 passenger vehicles. The number is up from the company's November 2021 sales of 29,947 units, representing a 55% increase year on year.
4. Mahindra & Mahindra
Mahindra & Mahindra, the Indian utility auto manufacturer, reported a 56% increase in sales in India in November 2022. Last month, the company sold 30,238 units, compared to 19,384 units in November 2021. Exports increased by 1% to 3,122 units in November 2022, up from 3,101 units during the same time last year.
Commenting on the sales figures, Veejay Nakra, President, Automotive Division, M&M Ltd., said, “Our sales volume continued to grow in November powered by robust demand across our portfolio. We sold 30,238 SUVs in November, registering a growth of 56 per cent. We have also registered a strong growth of 31 per cent in our commercial vehicles. The supply chain situation continues to be dynamic due to continuing international disruptions. We are keeping a close watch and are taking appropriate steps.”
11,765 vehicles were sold by Toyota Kirloskar Motor in November 2022, according to a statement released by the automaker. Since the firm sold 13,003 units less this year than it did during the same period last year, its sales are down by approximately 9.5%. The company recently stopped taking reservations for the diesel Innova Crysta MPV and discontinued production of the compact SUV Urban Cruiser, which is most likely the reason for the decline in sales.
Atul Sood, Associate Vice President of Sales and Strategic Marketing at TKM, remarked on the occasion, saying, "We began last month with demand soaring and positive sentiments building towards the unveil of the much awaited, all-new Innova Hycross. The Urban Cruiser Hyryder too, has been receiving good traction from the market. The cumulative wholesales from April to November 2022 registered a growth of 31 per cent when compared to cumulative wholesales in the same period last year."
Last month, Skoda recorded an impressive growth. The 4,433 units in November 2022 represent an increase of 102% from the 2,196 units in November 2021. Skoda's sales have increased by 137 percent so far this year over the same period last year thanks to the models like the Kushaq and the Slavia. Skoda sold 48,933 units in the first 11 months of 2022, which is more than the 23,858 units sold in the entire year 2021.
7. MG Motor
MG Motor announced retail sales of 4,079 units in November 2022, a 64.4% YoY increase over the 2,481 units it sold in November 2021. When compared to October 2022, monthly sales decreased by 288 units, or 6.6%. In October 2022, MG reported unit sales of 4,367.
Nissan recorded domestic market wholesales of 2,400 units in November 2022, a 9.46% decrease from the previous year. The total number of units sold from April to November 2022 is 23,344 units, a 6.45% decrease year on year. Since its debut in December 2020, the Nissan Magnite has sold 63,356 units through the end of October 2022. It sold 9,569 units in FY2021 and 33,905 units in FY2022.
|Brand Name||November 2022||November 2021||Growth %|
|Mahindra & Mahindra||30,392||19,458||56|