The automakers continue to have a mixed bag of outcomes in January 2022. Although some manufacturers were able to deal with the chip problem that has been going on for the past two years, many automobile manufacturers also succumbed to it.
The Czech carmaker, Skoda Auto India, starts 2022 with a 200% increase in sales compared to January 2021. It sold 3,009 units in January 2022, increasing the 1,004 units sold in January 2021.
Following this, Tata Motors announced a 26% increase in domestic sales to 72,485 units in January 2022. It increased its PV segment sales by 51% YoY, selling 40,777 units, comprising both ICE and EV models, compared to 26,978 units sold at the same period last year. In the CV segment, the company increased sales by 7% YoY, selling 35,268 units in January 2022 versus 32,816 units in January 2021.
The Japanese carmaker, Nissan India, also projected growth with a total domestic sale of 4,250 vehicles in January 2022, representing a growth of 5.7% compared to 4,021 vehicle sales in the same month last year.
The SAIC owned MG Motors India retailed 4,306 units in the month under review, registering a growth of 20% over the corresponding month last year.
Furthermore, the Korean carmaker, Kia India, recorded monthly sales of 19,319 units in January 2022, making for a 1.4% Y-o-Y growth. The Seltos was the best-selling product in the portfolio, with 11,483 units sold. Moreover, the brand has sold close to 3.9 lakh units in just 30 months of sales operation in the country.
However, things were not looking so rosy for its sister brand Hyundai Motors India as it reported a 15.35% drop in the domestic sales to 44,022 units in January 2022 against 52,005 units in the same month last year. In January 2022, total sales were 53,427 units (60,105 units), witnessing 11.11% drop.
The Japanese carmaker, Toyota Kirloskar Motor, reported a 34.1% drop in sales YoY, selling 7,328 (11,126 )units during the period under review.
Honda Cars India recorded a total domestic sales of 10,427 units, a 7.8 % decrease from 11,319 units delivered in January 2021.
Maruti Suzuki India has reported a 7.2% drop in domestic passenger vehicle sales to 128,924 units in January 2022. In January 2021, the company sold 139,002 units.
Two-wheelers
In the two-wheeler segment, only Suzuki Motorcycle India reported a growth in sales amongst other competitors. The company recorded overall sales of 70,092 units in January 2022, witnessing 8% growth against the same month last year.
The sales for the largest two-wheeler maker in India, Hero MotoCorp saw a 21.6% drop in sales in January 2022 on a YoY basis. It sold 380,476 units in the month against 485,889 units in January 2021.
Honda Motorcycle and Scooter India also reported a 19.97% decline in sales to 354,209 in January 2022. In January 2021, it had sold 437,183 units.
Eicher owned Royal Enfield reported a 15% de-growth in sales by posting sales of 58,838 motorcycles in January this year, against 68,887 motorcycles in the same month last year.
Furthermore, Bajaj Auto recorded a 12% drop in overall domestic sales, including two-wheelers and commercial vehicles, in January 2022, to 149,656 units. Domestic two-wheeler sales in January of this year were 135,496 units, a 14% decrease from 157,404 units in the same month last year. On the other hand, domestic three-wheeler sales grew by 6% to 14,160 units in January 2022, up from 13,353 units in January 2021.
TVS Motor Company reported sales of 266,788 units in January 2022, compared to 307,149 units in January 2021. In January 2022, total two-wheeler sales were at 254,139 (294,596) units, and three-wheeler sales were at 12,649 (12,553) units.
Commercial Vehicles & Tractors
In the commercial vehicle segment, Ashok Leyland reported an increase of 6% in sales YoY. The company has sold 13,939 units in January 2022 as compared to 13126 units in the same time last year.
While the JV of Volvo Group and Eicher Motors recorded a de-growth of 4.7% on a YoY basis by selling 5,434 units, including 5325 units of the Eicher brand and 109 units of Volvo brand in January 2022 as compared to 5673 units in January 2021.
Escorts Agri Machinery (EAM) registered total sales of 5,707 tractors in January 2022, compared to 9,021 tractors sold in January 2021, witnessing a 36.7% decrease year on year.
While the homegrown automaker, Mahindra and Mahindra, announced that its overall auto sales for the month of January 2022 stood at 46,804 vehicles. It reported a 58% YoY growth in the CV segment by selling 21,111 units compared to 16,229 units sold in January 2021. On the contrary tough, in the PV segment, including the utility vehicle segment, the company sold 19,964 units in the first month of 2022, making for a 3% YoY drop as against 20,634 units sold in the same time last year.