August 2022 has brought some cheers to the Indian auto market as all, but a few automakers posted a healthy growth yearly.
Except for MG Motors India and Honda Cars India, every automaker has seen positive growth in the month compared to the corresponding month last year. This comes in as the industry witnesses a slight relief from the chip shortage which grabbed the industry since the start of the pandemic.
However, MG Motor stated that the volatility in supply chains continues to cause many production challenges, continuing that the situation is likely to convert positive from next month onwards.
Meanwhile, Skoda Auto India has witnessed its best year since its journey started 22 years ago in India. The carmaker has clocked cumulative sales of 37,568 units in the first eight months of CY22, up by 8.33% as compared to the previous annual best of 34,678 units which it achieved in CY12.
Leading Indian carmaker, MSIL has reported YoY growth of 30% to close the month with sales of 134,166 compared to 103,187 units sold in August last year.
Meanwhile the other Indian carmaker, Tata Motors and Mahindra & Mahindra managed to grow by 41% and 87%, respectively on a YoY basis. During the month, Tata Motors managed sales of 43,321 units, while M&M closed the month with sales of 15,973 units.
The German carmaker Skoda India grew by 10% as it reported wholesales of 4,222 cars in August 2022. Notably, the carmaker’s cumulative wholesales for the first five months of FY23 stood at 24,448 units, representing a 162% YoY increase.
Besides, Toyota Kirloskar Motor continues its growth streak as it managed to retail 14,959 units in August 2022, registering a growth of 17% over 12,772 units sold in the same time last year.
Nissan India also posted an uptick of 2% as it managed cumulative wholesales of 8,915 units in August 2022 compared to 6,224 units in August 2021.
Meanwhile, MG Motor India reported a drop of 11.4% as it retails 3,823 units in August 2022 against 4,315 units in August 2021. While Honda Cars posted a de-growth of 30.5% as it closed the month with retails of 7,769 units.
Bajaj Auto reported sales of 355,625 units in August 2022, translating to a 5% YoY growth, while TVS Motor reported a 15% growth in August 2022 as it closed the month with retails of 333,787 units as against 290,694 units in August 2021.
Royal Enfield, meanwhile, reported a YoY growth of 53%, with wholesale figures of 70,112 units in August 2022 as compared to 45,860 units in the corresponding month last year. Honda 2Wheelers on the other hand registered a 7% YoY growth as it closes the month with retails of 462,523 units as against 431,594 units in August 21.
Ather, on the other hand, closed the month with retails of 6,410 units compared to 1,611 units sold in August 2021, translating to a 297% growth.
Three-wheeler sales of TVS Motors grew by 11%, from 16,381 units registered in August 2021 to 18,248 units in August 2022. Meanwhile, Bajaj Auto registered a 31% YoY growth with its 3W business as its retailed 45,970 units of the vehicle type in August 2022.
Commercial Vehicles, Agriculture Machines
Escorts Kubota's total tractor sales for the month were up by 7.3%, with total sales at 6,111 units against 5,693 units sold in August 2021. Meanwhile, M&M’s farm equipment sector grew by 0.7%, with retails of 21,520 units in the month of August 2022.
The Indian CV maker, Tata Motors registered a growth of 12% with sales of 29,313 units in August 2022 as against 26,172 units in August 2021, while another Indian CV maker, M&M, posted a 149% YoY growth with sales of 21,492 units in August 2022 compared to 8,841 units in August 2021.
Ashok Leyland, on the other hand, posted a 51% jump in sales as it closed the month by dispatching 14,121 units against 9,360 units dispatched in the corresponding month last year.