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March auto sales sustain growth momentum

March auto sales sustain growth momentum

 After witnessing a boom in numbers over January and February, March too sustained the momentum buoyed with the aid of using a wholesome uptick in city markets, pent-up call for, forthcoming fee hike of automobiles because of the second one level of BSVI emission norms, the release of latest models, and easing of the chip scarcity.

Maruti Suzuki`s general income declined marginally to 1,70,071 devices remaining month in comparison with 1,70,395 devices in March 2022.  This consists of home income of 1,36,787 devices, income to home OEMs (three,a hundred sixty five devices), and exports (30,119 devices). Total dispatches withinside the home marketplace declined three percentage to 1,39,952 devices (home + OEM income) in comparison to 1,43,899 devices in March 2022.

“The scarcity of digital additives had a few effect at the manufacturing of automobiles in FY 2022-23. The enterprise took all feasible measures to minimise the effect,” MSIL stated in a statement.

Hyundai Motor India logged an eleven percentage boom in income at 61,500 devices remaining month, in comparison to 55,287 devices in March 2022. The enterprise`s home dispatches rose thirteen percentage in March 2023 to 50,six hundred devices, in comparison to 44,six hundred devices a 12 months in the past.

Tata Motors` passenger car (PV) income (which includes electric powered cars) withinside the home marketplace stood at 44,044 devices remaining month, a four percentage soar over 42,293 devices in March 2022. Its general PV income (comprising each the home and the worldwide business) additionally went up with the aid of using four percentage, with 44,425 devices offered remaining month instead of 42,466 devices in March 2022.

Shailesh Chandra, Managing Director, Tata Motors Passenger Vehicles and Tata Passenger Electric Mobility, stated, “FY22-23 has set a brand new document for passenger car income in India. The steep boom witnessed with the aid of using the enterprise became pushed with the aid of using post-Covid pent-up call for withinside the early a part of the 12 months, the release of numerous new automobiles, and easing of the semiconductor scarcity. While SUVs and EVs led this boom, customers` growing choice for secure automobiles and clever generation capabilities became similarly pronounced.”

Automaker Kia India on Saturday stated its income declined five percentage to 21,501 devices remaining month, in comparison to 22,622 devices in March 2022.

According to preliminary estimates, 2022-23 noticed income of 38.nine lakh devices, a 27 percentage boom over the 30.7 lakh devices sent in 2021-22.  Furthermore Maruti Suzuki, Hyundai, and Tata Motors said their highest-ever despatches to sellers remaining fiscal, permitting the home PV enterprise to log its best-ever overall performance until date.

In the two-wheeler space, Hero MotoCorp said a fifteen percentage upward push in general income at five,19,342 devices for March 2023, in comparison to four,50,154 devices withinside the identical month remaining 12 months. The enterprise`s home income remaining month stood at five,02,730 devices in opposition to four,15,764 devices in March 2022, registering a boom of 21 percentage, Hero MotoCorp stated in a statement.

At three,17,152 devices, TVS Motor Company said a three percentage boom in income throughout its two- and three-wheeler segments in March 2023, in opposition to three,07,954 devices offered withinside the identical month remaining 12 months. Its home two-wheeler income stood at 2,40,780 devices remaining month in comparison to 1,96,596 devices withinside the 12 months-in the past period, up 22 according to cent, the enterprise stated. Its overall (home + worldwide) two-wheelers income grew five percentage remaining month, to three,07,559 devices, in comparison to 2,92,918 devices in March 2022. The enterprise offered nine,593 three-wheelers this March in opposition to 15,036 devices in March 2022.

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