Maruti Suzuki posts decline in domestic sales
Passenger vehicle majors such as Hyundai, Tata Motors, M&M, Toyota Kirloskar and Honda on Wednesday reported growth in domestic sales in August riding on festive sentiments, although market leader Maruti Suzuki posted a decline amid a semiconductor shortage affecting the industry.
Maruti Suzuki India reported domestic sales of 110,080 units compared with 1,16,704 units in the same month last year, down 6 per cent, it added.
“Sales volume of the company in August 2021 was affected because of electronic components shortage. The company took all possible measures to limit the adverse impact,” it said.
On the other hand, Hyundai Motor India Ltd said its domestic sales were up 2 per cent to 46,866 units against 45,809 units in August 2020.
Tata Motors’ passenger vehicle sales in the domestic market stood at 28,018 units in August, up 51 per cent from 18,583 units in the same month last year. This included 1,022 units of electric vehicles.
“Semiconductor shortage continues to impact the auto industry globally. The recent lockdowns in East Asia have worsened the supply situation and, hence, Tata Motors is forced to moderate production and offtake volumes in the coming months,” Tata Motors said.
Kia India said its sales increased 55 per cent to 16,750 units last month against 10,845 units in August 2020.