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Maruti Suzuki, Hyundai Sales Decline In February

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Maruti Suzuki, Hyundai Sales Decline In February
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Maruti Suzuki’s domestic sales declined in February 2022

New Delhi:

Maruti Suzuki India (MSI) has recorded a slight fall in its total wholesales, which stood at 1,64,056 units in February 2022. It had sold 1,64,469 units in February 2021, the company informed in a regulatory filing.

Hyundai Motors India too witnessed a fall in its total sales in February 2022.

Maruti’s domestic sales slipped by 8.46 per cent to 1,40,035 units in February 2022 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,” Maruti Suzuki said in the filing.

Sales of mini cars, comprising Alto and S-Presso, fell 17.81 per cent to 19,691 units as compared to 23,959 in the same month last year.

Similarly, sales in the compact segment, including models such as Swift, Celerio, Ignis, Baleno and Dzire, slumped 3.38 per cent to 77,795 units as against 80,517 cars in February 2021.

Sales of mid-sized sedan went up to 1,912 units as compared to 1,510 units in February 2021.

Utility vehicle sales, including Vitara Brezza, S-Cross and Ertiga, declined to 25,360 units as compared to 26,884 vehicles in the year-ago month, MSI said.

On a brighter side, Maruti’s exports jumped over two-folds to 24,021 units as against 11,486 units in the corresponding period of last year. 

Meanwhile Hyundai Motors India reported a 14 per cent decline in total sales at 53,159 units in February.

The company had sold 61,800 units in the same month last year, Hyundai Motor India said in a statement.

Domestic sales were down 14.6 per cent to 44,050 units last month as against 51,600 units in February 2021.

Exports declined by 10.7 per cent to 9,109 units last month as compared to 10,200 units in the year-ago period, the auto major said.

Tata Motors though witnessed a spurt in its total domestic sales, which increased by 27 per cent year-on-year to 73,875 units in February.

The company had dispatched 58,366 units in February 2021.

The auto major said its passenger vehicle sales in the domestic market last month rose by 47 per cent to 39,981 units compared to 27,225 units in the same month last year.

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