Hyundai, Maruti, and Honda observe a massive slump in April wholesales

Automobile manufacturer giants such as Maruti Suzuki India Limited and Hyundai Motor Company reported a plunge in vehicle dispatches in April due to production challenges that stemmed from supply chain issues. But carmakers like Toyota Kirloskar Motor Private Limited, Tata Motors Limited, and Škoda Auto, managed to witness robust growth in dispatching vehicles last month.

Maruti Suzuki’s domestic sales fell by 7% to 132,248 units as compared to 142,454 units delivered in April 2021, whereas sales of its mini cars such as the S-Presso and Alto fell by 32% to 17,137 units as against 25,041 units last year.

Moreover, sales of Maruti Suzuki’s compact car segment models like Celerio, Baleno, Swift, Ignis, and Dzire plunged by 18% to 59,184 units in comparison with 72,318 in April 2021. The carmaker cited that the electronic components shortage had a minor impact on the production of vehicles, especially domestic models.

Hyundai Motors India, meanwhile, reported a dip of 10% in wholesales in April at 44,001 units as compared to 49,002 units in the same month last year.

Honda Cars India Ltd. too reported a 13% year-over-year dip in domestic wholesales to 7,874 units in April. Yuichi Murata, the Director of Marketing & Sales at Honda Cars India cited that customer sentiment continues to reflect positivity and improvement through strong demand.

MG Motor India Private Limited’s retail sales also declined last month by 22% to 2,008 units in comparison with 2,565 units in April 2021. The production remained volatile and highly impacted due to global supply chain constraints given the unanticipated COVID-19 curbs in different parts of the world.

Interestingly, Tata Motors Limited reported a 66% increase whereas Toyota Kirloskar Motors claimed its wholesale increased by 57%. Skoda Auto India also confirmed that its sales surged over five-fold last month as compared to April 2021.

Source Credit:

By Tete Heigrujam

Armed with a post-graduate degree in English Literature, Tete Heigrujam takes a keen interest in exploring the ever-evolving content landscape. She holds several years’ worth of experience in the field and pens down articles on numerous topics like technology, business, and crypto for people.partilepep, blending her knowledge of the language and technical expertise in her pieces. A hardcore BTS fan, Tete spends her free time listening to music and cooking to her heart’s content.