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Maruti Suzuki India (MSIL), the country’s largest passenger vehicles maker, on Saturday reported total domestic wholesales (dispatches to dealers) of 1,44,002 units in May, a year-on-year (Y-o-Y) marginal growth as compared with 1,43,708 units in the same month last year.
“The industry volume during the month (for passenger vehicles) is 3,50,257 units and the last year, the industry volume was 3,35,436 units in May 2023, which is a growth of around 4.50 per cent,” Partho Banerjee, Senior Executive Officer, Marketing & Sales, MSIL, told reporters adding that the company has an inventory of around 1.68 lakh vehicles at the moment, which is a waiting period of 35-36 days.
Similarly, Hyundai Motor India (HMIL), registered YoY growth of 1.13 per cent in its domestic wholesales to 49,151 units in May, as compared with 48,601 units in same month last year.
“We have maintained a healthy total sales volume in May 2024, despite a week-long routine bi-annual maintenance shutdown at our Sriperumbudur factory. SUVs continue to be a growth driver for HMIL, accounting for more than 67 per cent of domestic sales last month. Our rural penetration stood at a healthy 20.1 per cent in May,” Tarun Garg, Chief Operating Officer, HMIL, said.
He said the company has a dealer stock of 44,774 units at the moment, which is around three weeks. “As we had mentioned earlier, the industry will be in low single digit (because of high base year) in this financial year, so the industry should be at 2-2.5 per cent in April-May over the same period last year,” Garg added.
Tata Motors also reported just a growth of two per cent YoY to 46,697 units last month as compared with 45,878 units in May 2023.
‘Seltos’ maker Kia India also registered single digit growth (5 per cent) in its sales to 19,500 units in May as compared with 18,766 units in the corresponding month last year.
Meanwhile, Mahindra & Mahindra (M&M) reported a Y-o-Y growth of 17 per cent to 43,218 units in May as compared with 32,883 units in the corresponding month last year. “We sold a total of 43,218 SUVs in May, a growth of 31 per cent and 71,682 total vehicles, a 17 per cent growth over last year,” Veejay Nakra, President, Automotive Division, M&M said.
Similarly, Toyota Kirloskar Motor (TKM) reported monthly sales of 25,273 units in May, representing a Y-o-Y growth of 24 per cent as compared to 20,410 units sold in May 2023.
However, ‘Comet’ maker MG Motor India said it sold 4,769 vehicles during the month, a Y-o-Y decline of five per cent as compared with 5,006 units in the corresponding month last year.
In the two-wheeler segment, TVS Motor company registered a growth of seven per cent Y-o-Y in its domestic sales to 2,71,140 units in May as against 2,52,690 units in May 2023.
Suzuki Motorcycle India also reported a YoY growth of 37 per cent in its sales during May. However, market leader Hero MotoCorp reported a decline of around six per cent YoY to 4,79,450 units in May as compared with 5,08,309 units in May 2023. Royal Enfield reported a decline of 10 per cent YoY to 63,531 units in May against 70,795 units in May 2023.
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