Car sales grew 11 percent year-on-year last month, but fell 11 percent MoM compared to sales in July 2021
Passenger vehicle sales in August 2021 have increased significantly on the back of the upcoming festive season, improving market conditions, several new launches and rising demand from rural areas, which have experienced a good monsoon.
Taking into account the top 15 automakers, passenger vehicle sales stood at 2.6 lakh, up 11 per cent from 2.34 lakh sold in August 2020. However, this was a drop of 11 per cent as compared to sales in July 2021, which stood at 2,94,330 units.
Maruti, Hyundai Maintain Top 2
At the top of the sales chart, despite the decline, was Maruti Suzuki India Limited. Sales declined 8.7 per cent to 1,03,187 units from 1,13,033 units sold in August 2020. MoM de-growth stood at 22.8 per cent with 1,33,732 units sold in July 2021.
Maruti Suzuki has also seen its market share reduce to 8.5 per cent in the previous month from 48.3 per cent held in August 2020 to 39.8 per cent. The sales volume for August 2021 was impacted due to electronic component shortage, while the sales in August 2020 were impacted in view of the pandemic situation resulting from the lockdown during that period.
Hyundai Motors India stood at No. 2 at 46,866 units with a 2.3 per cent year-on-year growth in August 2021, up from 45,809 units sold in August 2020. While MoM sales declined 2.4 per cent from 48,042 units sold in July 2021, the market share also fell by 1.5 per cent. 19.6 percent in August 2020 compared to 18.1 percent in the previous month. Hyundai is now gearing up for the launch of the new Casper Micro SUV. Post launch, the new Casper will take on the likes of Tata Punch and Maruti Suzuki Ignis.
Tata, Kia and Mahindra
Tata Motors also reported a year-on-year growth of 50.8 per cent in sales. Sales which were 18,583 units in August 2020 increased to 28,017 units last month. Last month the best sellers were Nexon, Altroz and Tiago while Harrier and Safar. On MoM basis, however, the company faced a decline of 7.2 per cent as compared to 30,184 units sold in July 2021. The company’s market share increased from 7.9 per cent in August 2020 to 10.8 per cent in the previous month.
Tata Motors plans to cut production for the month of September in view of the lack of availability of semi-conductors. However, the company did not specify the quantum or dates of the production cuts.
Kia India saw sales of 16,750 units for August 2021. Seltos was its best selling model with 8,619 units, followed by Sonet and Carnival with 7,752 units and 379 units respectively. This was an increase of 54.3 per cent year-on-year as compared to 10,853 units sold in August 2020. On MoM basis also the company has registered growth which was 11.5 per cent higher as compared to 15,016 units sold in July 2021.
Mahindra has registered a growth of 17.7 per cent YoY at 15,786 units while MoM sales declined by 24.1 per cent as compared to 20,797 units sold in July 2021. Market share increased by 0.4 percent from 5.7 percent to 6.1 percent.
Toyota, Honda, Renault
Toyota and Renault posted MOM de-growth in August 2021, down 2.5 per cent and 0.9 per cent, respectively, while YoY sales grew 129.9 per cent and 20.4 per cent, respectively. Honda’s sales grew 48.6 per cent to 11,177 units in August 2021 from 7,509 units sold in August 2020. MoM sales grew by 84.6 per cent as compared to 6,005 units sold in July 202, while the year-on-year market share increased from 3.2 per cent to 1.1 per cent. 4.3 percent in the previous month from August 2020. The new Amaze and City sedan along with Jazz and WRV were the best performers in the last month.
At No. 9 and 11, MG Motor and Nissan also posted YoY growth, while sales declined on MoM basis. Skoda at number 10, on the other hand grew by 281.8 percent to 3,829 units. MoM sales also grew by 24.3 per cent as compared to 3,080 units sold in July 2021. Kushak accounted for 70 percent of Skoda sales. Skoda Kushak now commands a waiting period of 2 months and has already booked 6,000 units in August 2021.
Volkswagen and Jeep India sales also grew year-on-year, while Ford’s sales declined 68.1 per cent to 1,508 units in August 2021, down from 4,731 units sold in the same month last year.