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Maruti, Hyundai cut wholesale prices in January due to semiconductor shortage

Orders from factories to dealers fell in January due to a shortage of semiconductors, hampering production.

Via Automatic table HT
Update on:
February 2, 2022, 10:37 am

File images are used for representation purposes only (via REUTERS)
File images are used for representation purposes only (via REUTERS)

The country’s leading passenger vehicle manufacturers such as Maruti SuzukiHyundai, Mahindra & Mahindra, Toyota Kirloskar Motor and Honda all reported a drop in vehicle sales in January as the volume of vehicles from factories to dealerships fell due to a lack of semiconductors, hampering production.

However, automakers such as Tata Motors and Skoda Auto India posted a spike in their domestic wholesale sales last month despite pandemic-related woes and the global chip crisis.

Domestic sales of Maruti Suzuki India fell 8% to 1,36,442 units last month from 1,48,307 units in January 2021. The company said the shortage of electronic components had a small impact on the production of vehicles mainly sold in the domestic market. land. “The company has taken all possible measures to minimize the impact,” it said.

The same, similar, Hyundai Motor India also reported a 15.35% drop in its domestic sales at 44,022 units last month compared with 52,005 units in January 2021.

Homemade car manufacturer Mahindra & Mahindra also fell 3.25% as it sold 19,964 units in the domestic market last month compared with 20,634 units in January last year. “We continue to closely monitor the issue regarding the semiconductor division and take corrective action as appropriate,” said M&M Automotive Division CEO Veejay Nakra.

Also Toyota Kirloskar Motor (TKM) posted a 34% drop in domestic wholesale sales at 7,328 units in January compared to 11,126 units sold in January 2021.

The same, similar, Honda Automobiles India Ltd (HCIL) said its domestic sales stood at 10,427 units last month compared with 11,319 units in January 2021, a decrease of 7.88%. The company’s (Marketing and Sales) director Yuichi Murata said: “Sales sales for January 22 were partially affected by weekend closures in some cities but overall the situation was positive. looks positive and stable”.

In contrast to these companies, Tata Motors posted a 51.5% jump in sales of 40,777 units last month compared with the 26,978 units achieved in January 2021. The company’s sales of electric vehicles for the month increased nearly five times to 2,892 vehicles. compared with 514 units sold during the same period last year. .

Kia India also reported its sales increased by 1.38% to 19,319 units in January 2022 from 19,056 units in the previous month.

Likewise, Skoda Auto India reported a sales increase of nearly threefold to 3,009 units last month, based on its newly launched SUV. Kushaq. The company sold 1,004 units in the same month last year.

MG Motor India reported a 20% increase to 4,306 units in January compared to 3,602 units sold in the same period a year ago. “Supply remains impacted due to ongoing global semiconductor shortage, resulting in reduced output” MG Motor India said in a statement.

Date of first publication: February 2, 2022, 10:37 AM IST

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