India has become the third largest automobile market in the world. India has achieved this feat leaving Japan behind. 4.02 million new vehicles were sold in Japan. Vehicle sales in India between January and November last year stood at over 40.12 lakh. Adding the sales of the country’s largest car maker Maruti Suzuki took the total figure to over 42.5 lakh vehicles.
Nikkei Asia reports that after receiving the commercial vehicle sales figures for the fourth quarter, the sales of vehicles in the country are expected to increase further. In the previous year, China was at the first position with sales of around 26.2 million vehicles. America was second with 1.54 crore vehicles and Japan was third with 4.44 million vehicles. In India last year more number of petrol and diesel driven vehicles including hybrids were sold. sale Hui. The report states that the sales of electric vehicles in the country are very low.
Sales of automobile companies have increased due to improvement in the supply of semiconductors last year. Apart from Maruti Suzuki, sales of Tata Motors and other Indian automobile companies have picked up. However, Maruti’s production declined by 17.96 per cent to 1,24,722 units in December. It was 1,52,029 units in the same month last year. company has reported that the shortage of electronic components has had some impact on the production of vehicles in the last month. The company has taken measures to reduce this impact.
Maruti’s production in the mini car and compact car segments fell by 21 percent to 83,753 units. It was 1,06,090 units in the same month last year. This segment includes cars like Alto, S-Presso, Baleno, Celerio, Dzire, Ignis, Swift and WagonR. Production of the light commercial vehicle Super Carry stood at 587 units last month. This was up from 3,262 units in the same month last year. The company’s wholesale sales declined by nearly nine percent to 1,39,347 units in December. The company plans to keep inventory levels low from this month. Maruti believes that the high taxes levied on vehicles in the country make them out of reach for most people.
