Dec gross sales: Maruti, Hyundai fall behind; Tata, M&M collect tempo

Supply aspect constraints because of the ongoing semiconductor scarcity impacted auto gross sales of high car producers Maruti Suzuki and Hyundai, which noticed a double-digit decline in wholesale despatches throughout December 2021, the fourth month in a row.
The fall in auto gross sales numbers was considerably anticipated as chip scarcity continues to affect provide chain of auto makers globally. Also, manufacturing cuts introduced by firms since mid of final yr is leading to low despatches.
On Saturday, solely 4 car producers — Maruti Suzuki, Hyundai India Motor, Mahindra and Mahindra (M&M) and Tata Motors —- declared their gross sales numbers. Amongst two-wheeler producers, Hero MotoCorp launched its numbers.
Maruti Suzuki bought 1,26,031 models in December, registering a decline of 14 per cent on a year-on-year (y-o-y) foundation. It once more missed its conventional common month-to-month gross sales of 1.5 lakh models. However, the gross sales recovered over November and have been up 11.5 per cent month-on-month (m-o-m).Maruti mentioned on Saturday that the semiconductor scarcity primarily affected the manufacturing of autos bought within the home market, although it took all attainable measures to minimise the affect.
Hyundai Motor India’s home gross sales declined by practically 32 per cent y-o-y to 32,312 models, which it attributed to the chip scarcity. This was a lot steeper than the 24.2 per cent y-o-y decline in wholesale despatches witnessed in November.
However, Tata Motors’ whole home wholesales have been up 24 per cent y-o-y to 66,307 models throughout December, which have been considerably equally distributed between passenger and industrial autos. Passenger car (PV) gross sales have been up a pointy 50 per cent y-o-y at 35,299 models — most in a decade — whereas industrial car (CV) gross sales have been up a mere 4 per cent on a y-o-y foundation. In November, the corporate had reported 21 per cent y-o-y rise in auto gross sales at 58,073 models. Further, it had posted 2021 calendar yr sale of three,31,178 models, the best ever because the inception of its PV enterprise.

M&M clocked whole home gross sales of 36,140 models in December, a rise of 9.6 per cent y-o-y. However, on a m-o-m foundation, the gross sales declined by 2.32 per cent. PV gross sales final month have been up 10 per cent y-o-y to 17,722 models. Veejay Nakra, CEO (automotive division), M&M, mentioned, “We have seen growth in business segments, including passenger vehicles, commercial vehicles and international operations, owing to continued strong demand across the product portfolio. The issues around semi-conductor related parts continue to be a challenge for the industry and remains a major focus area for us.”
Tractor gross sales at M&M continued within the gradual lane in December, struggling a 21 per cent y-o-y fall to 16,687 models. This was sharper than the y-o-y fall of 17 per cent in November. The firm has attributed this to final yr’s excessive base and constant rains in some states. Hemant Sikka, president (farm gear sector), M&M, mentioned, “De-growth in December has been on account of a combination of factors, including high base of last year and both delayed and very heavy rainfall in some geographies. We expect momentum to recover in the coming months on account of good progress of Kharif procurement bringing liquidity in the hands of farmers and Rabi acreage showing signs of growth over last year.”
Hero MotoCorp bought 3,74,485 bikes and scooters within the home market final month, which was a decline of practically 12 per cent on a y-o-y foundation, however a rise of practically 14 per cent on a m-o-m foundation. The firm mentioned it continues to watch the on-ground state of affairs, though localised restrictions imposed by sure states within the wake of rising Omicron instances will proceed to limit buyer motion.