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HomeAutoVehicle Sales March 2022: Passenger vehicle sales improved, commercial vehicles sales better

Vehicle Sales March 2022: Passenger vehicle sales improved, commercial vehicles sales better

Passenger Vehicle Segment

Maruti Suzuki has dispatched 1,33,861 units of vehicles to its dealers in the month of March, which is 8% less than last year. Hyundai is again in second place, registering a decline of 15% in its sales. On the other hand, Tata Motors has shipped 42% more vehicles to dealers in the last month. It is followed by Mahindra and Kia, their sales have registered a growth of 65% and an increase of 18% respectively.

While the past month has not been good for Maruti Suzuki, Hyundai, Honda, Renault in India, companies like Kia Motors, Mahindra and Skoda along with Tata Motors have been selling well. The companies have informed that due to lack of chip, production has come down due to which the deliveries could not be done as per the estimates, although the companies are getting good bookings.

Last month, a total of 3.21 lakh vehicles were dispatched to the dealers, which is 0.33% higher than last March’s 3.20 lakh units. Let us tell you that all the companies have been affected due to the lack of chip, but Tata is engaged in solving this problem with its associate company, due to which the company has sold the third highest number of vehicles last month.

two wheeler segment

two wheeler segment

Presently the position of the two wheeler segment remains the same. Last month, 11,38,561 units were dispatched to the dealers in this segment which is 21% less than last year. All the big companies in this segment have registered a huge drop in sales and this is directly because of the lack of demand. Two wheeler customers have been affected the most due to rising petrol prices.

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Vehicle Sales March 2022: Passenger vehicle sales improved, commercial vehicles sales better

In such a situation, people are now avoiding buying two wheelers, its clear effect can be seen in the figures of Hero, Honda Motorcycle and TVS. Let us tell you that the situation of two wheeler sales in the country has not improved and sales have been decreasing for the last two years. An average of 14 lakh vehicles were sold in this segment, which has now come down to 11 lakh units per month.

commercial vehicle segment

commercial vehicle segment

After battling with sales crunch for a long time, this segment is slowly getting better. Last month, 19% more vehicles were dispatched to the dealers in this segment, with all the companies registering an increase in sales. A total of 90,969 units have been dispatched to the dealers in this segment in the last month, however the situation in this segment has not been as good.

Vehicle Sales March 2022: Passenger vehicle sales improved, commercial vehicles sales better

The condition of the auto market in the country has become bad, people are avoiding buying new vehicles in this. Due to the huge increase in the price of vehicles, people are giving preference to second hand vehicles, while due to rising fuel prices, they are turning to electric vehicles in the two-wheeler segment, due to which they have been sold well in the month of February.

DriveSpark Ideas

While the sales of passenger vehicles have come back on track, the sales of commercial vehicles are doing well but the two wheeler segment still remains a challenge. Despite big discounts, there has been no increase in sales, now it has to be seen how companies recover from this.

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