Leading carmakers Maruti Suzuki, Hyundai, Toyota and Honda witnessed a drop in vehicle dispatches to dealers last month as the global semiconductor shortage continued to impact production.
Tata Motors, Mahindra & Mahindra, Skoda and MG Motor, on the other hand, reported an increase in wholesales in February as compared to the same month last year.
The country's largest carmaker Maruti Suzuki India (MSI) said its domestic sales slipped 8.46 per cent to 1,40,035 units as against 1,52,983 units in February 2021.
"The shortage of electronic components had a minor impact on the production of vehicles which are primarily sold in the domestic market. The company took all possible measures to minimise the impact," the auto major noted.
Sales of the company's mini cars, comprising Alto and S-Presso, fell 17.81 per cent to 19,691 units last month as compared to 23,959 in the same month last year.
Similarly, dispatch of compact models like Swift, Celerio, Ignis, Baleno and Dzire dipped 3.38 per cent to 77,795 units as against 80,517 cars in February 2021.
Sales of utility vehicles, including Vitara Brezza, S-Cross and Ertiga, also declined to 25,360 units from 26,884 vehicles earlier.
Similarly, Hyundai Motor India, the country's second largest carmaker, reported a 14.6 per cent drop in domestic sales to 44,050 units last month as against 51,600 in February 2021.
"As the industry continues to grapple with the semiconductor shortage situation, the company along with its partners is continuously exploring alternatives to ensure customers can take delivery of their most loved Hyundai cars at the earliest," it stated.
Toyota Kirloskar Motor said its domestic sales declined by 38 per cent to 8,745 units in February.
Similarly, Honda Cars reported a 23 per cent decline in domestic wholesales to 7,187 units for February.
"On the supply side, chip shortage continued to impact our production and despatches in Feb'22. We hope the situation improves in future so that we can meet the market demand more effectively," Honda Cars India Director (Marketing and Sales) Yuichi Murata said.
Tata Motors reported a 47 per cent increase in passenger vehicle sales in the domestic market in February at 39,981 units compared to 27,225 units in the same month last year.
Similarly, Mahindra & Mahindra said its passenger vehicle sales in the domestic market soared by 80 per cent to 27,663 units last month as against 15,391 units in February 2021.
"All segments showed robust growth including SUVs at 79 per cent, which registered the highest ever monthly volume. We expect demand to continue to remain strong as the Covid situation eases further.
"We continue to closely monitor the semiconductor-related parts supply and take corrective action as appropriate," M&M Automotive Division CEO Veejay Nakra noted.
Besides, Skoda Auto India reported an over five-fold surge in sales to 4,503 units last month, riding on the success of its mid-sized SUV Kushaq.
Similarly, MG Motor India said its retail sales increased 5 per cent year-on-year to 4,528 units in February. The automaker had retailed 4,329 units in February 2021.
Nissan India said it sold 2,456 units in the domestic market last month.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Dear Reader,
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.
Digital Editor
RECOMMENDED FOR YOU