Chip shortage also affects passenger vehicle sales in December

Major passenger vehicle manufacturers such as Maruti Suzuki India (MSIL) and Hyundai Motor India (HMIL) remain affected by the semiconductor shortage and reported declining year-on-year sales in December.

Maruti’s commercial vehicle sales improve

MSIL reported domestic sales of 1,23,016 units in December on Saturday, down 13% year-over-year from 1,40,754 units in December 2020.

The company’s sales only grew in the commercial vehicle segment (such as Vitara Brezza, Ertiga and XL6) to 26,982 units in December 2021 from 25,701 in the corresponding month of the previous year.

The shortage of electronic components mainly affected production of vehicles sold in the domestic market during the month, the company said.

“Demand has remained good, we are entering the new year with one of the lowest inventory in the network, this is the result of good retail sales to meet pent-up demand, including rural markets. We are cautiously optimistic for 2022 as there are supply side uncertainties as well as commodity price pressure, ”said Shashank Srivastava, Senior Executive Director, Marketing and Sales, MSIL. Activity area.

Hyundai sales up 22% in 2021

Likewise, HMIL recorded a 32% drop in sales in December to 32,312 units from 47,400 units in December 2020.

However, over the full calendar year, the company recorded 19% year-over-year (YoY) growth to 5.05.033 units in 2021 from 4.23.642 units in 2020.

“The Indian market has evolved rapidly, with discerning next-generation customers making smart mobility choices that resonate with HMI’s sales growth year on year. Despite the supply constraints of key components, HMI met the challenges of ensuring smooth deliveries of their favorite Hyundai cars to our beloved customers, ”said Tarun Garg, Director (Sales, Marketing and Service), HMIL.

The company also exported 1,30,380 units during the year, bringing total cumulative sales to 6,35,413 units during the year, an increase of about 22% year-over-year from 5,22 542 units in the 2020 calendar year.

Honda sales drop in December

Likewise, Honda Cars India (HCIL) reported an 8% drop to 7,973 units over the past month, down from 8,638 units in December 2020.

But, on a calendar year basis (Jan-Dec), the company saw cumulative growth of over 26% selling 89,152 units in 2021 compared to domestic sales of 70,593 units in 2020.

“2021 has continued to be a difficult year with the pandemic going on, but I think we’ve learned to deal with it a lot better. Despite challenges related to Covid and on the supply side, HCIL’s domestic volume increased by 26% in calendar year 2021 with strong performance from our bestsellers Amaze and City, ”said Yuichi Murata , Director of Marketing and Sales, HCIL.

Manufacturer ‘Hector’ MG Motor India also reported a 36% drop in sales to 2,550 units in December 4,010 units in December 2020

However, the two local companies – Mahindra & Mahindra (M&M) and Tata Motors – saw sales growth in December 2021.

M&M said it sold 17,722 units of passenger vehicles last month, up 10% from 16,182 units in December 2020.

“Safari” maker Tata Motors also reported 50% year-over-year growth to 35,299 units in the month, up from 23,545 units in the corresponding month a year earlier.

“Tata Motors’ PV business growth continued and set several new milestones during the quarter despite lower production due to the current semiconductor crisis. Electric vehicle sales also crossed the 2,000 monthly sales milestone for the first time in December 2021 (2,255 units), ”said Shailesh Chandra, President of the Passenger Vehicle Division of Tata Motors.

Going forward, semiconductor supplies will remain the main source of uncertainty, he said, adding that the impact of the new strain of Covid needs to be monitored closely.


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