Automakers across segments continued their good run in February with most of them posting healthy year-on-year (YoY) growth.
Market leader, Maruti Suzuki India, sold 172,321 units comprising domestic sales of 150,823 units, sales to other OEMs (partner Toyota) totalling 4,291 units with exports taking up yhe balance 17,207 units. The company's overall tally in the same month last year was 164,056 units.
Hyundai Motor India was next in line with domestic sales of 47,001 units and exports of 10,850 units making up a total of 57,851 units for the month, a growth of 8.8%.
Tata Motors' was in the third spot with its passenger vehicle sales at 42,862 units, compared to 39,981 units in February 2022 and marking 7% growth. Mahindra & Mahindra, in its turn, sold 30,221 vehicles, despite disruptions in supplies of crash sensors and airbag ECUs following unavailability of semiconductors.
Kia India, part of the Hyundai Motor group, continued its growth momentum registering 24,600 units of domestic sales in February. The company recorded a high 35.8% growth from the tally of 18,121 units sold in the corresponding month last year. The Sonet was the top contributor with 9,836 unit diepatches, followed by the Seltos with 8,012 units.
Toyota Kirloskar Motor (TKM), which now has an ally in Maruti Suzuki, reported wholesales of 15,338 units, nearly twice as much from 8,745 units in February last year. MG Motor India, meanwhile, had retail sales of 4,193 units.
While the booking response for its Next-Gen Hector is positive, the supply situation of select variants is impacted. The carmaker is also focused on ramping up production of its premium SUV, MG Gloster, to meet market demand.
In the two-wheeler arena, TVS Motor Company registered sales of 267,026 units in February, down a tad from 267,625 units in the same period last year. Motorcycles registered sales of 126,243 units as against 143,523 units in 2022. Scooter sales increased by 21% from 86,616 units to 104,825 units in February 2023.
Electric scooter sales were the highest at 15,522 units, compared to 2,238 units last year. The company's domestic sales were up 28% from 173,198 units in 2022 to 221,402 units in February 2023.
Royal Enfield posted sales of 71,544 motorcycles in the month of February 2023 as against 59,160 motorcycles sold during the same month in the previous financial year. Royal Enfield exported 7,108 motorcycles during the month as compared to 7,025 during the same period last year.
Bajaj Auto sold 120,335 2W units in Feb 2023, as against 96,523 they had sold in the same month last year. However, the OEMs exports crashed fom 182,814 units to 115,021 YoY in feb 2023. HMSI's total sales stood at 247,175, including 227,064 domestic and 20,111 exports for the month.
Commercial Vehicles
As for the commercial vehicle segment, Tata Motors posted sales of 17,282 units (medium, heavy and intermediate), compared to 14,596 units in February last year. All in all, it sold 36,565 CVs, down from 37,552 units in the same month last year.
Ashok Leyland, meanwhile, sold 18,571 units, up from 14,657 units while VE Commercial Vehicles (the joint venture of Volvo and Eicher Motors) recorded sales of 7,289 units in February, compared to 5,856 units in the same month last year.
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