First quarter down, three more to go. With estimated sales of over 800,000 units in April-June 2022, the best yet since Q1 FY2019, the Indian passenger vehicle industry could surpass the previous best of 3.3 million units in FY2019. July kicks off Q2 with happy tidings of strong wholesales numbers from PV manufacturers, both in June and for the first quarter (AprilJune) of FY2023.
The dark clouds of the past two-odd years have lifted and the green shoots of recovery are there to be seen. It’s the cause-and-effect relationship – a marked easing of supply chain issues, which have vexed OEMs, and enhanced reliability in the availability of semiconductor chips means assembly lines are humming and dealer showrooms getting their share of what they – and the customer – want. What’s not to like? The June 2022 sales numbers, as announced by 10 of 16 PV manufacturers in the first few days of this month, indicate cumulative wholesales of 306,162 units, which is a strong 26 percent YOY growth. Importantly, this 10-OEM tally betters the total PV industry sales of 231,633 units in June 2021 by 32 percent.
Top five OEMs set the pace
Market leader Maruti Suzuki had a subdued June with sales of 122,685 units, down 1.28 percent on June 2021’s 124,280 units. One can pin this marginal decline to the ongoing shortage of electronic components, which has had an impact on production, and it getting ready to roll out the new Brezza. Another production speed-breaker was its annual maintenance shutdown in mid-June. This meant the company rolled out 140,478 units – 13.56 percent less than the 163,037 units produced in June 2021.
Denne historien er fra 15th July 2022-utgaven av Autocar Professional.
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Denne historien er fra 15th July 2022-utgaven av Autocar Professional.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Spain's Fersa Group invests in India-based Delux Bearings
Besides theRs100 croreinvestment, the Indian company gets access toadvanced technologies and bearings with arange of applications that willhelpinits global growth strategy, writes Manobhava Baruah.
Tata Autocomp to open compact dual-clutch transmission plant
Amidthe country’s growing need for personal mobility with easy manoeuvrability, comes the demand for vehicles with automatic transmission. Tata AutoCompisready tomovein writes Shruti Mishra.
Pankaj Munjal-backed Hero Motors raises equity from GEF Cap
The company willinvest Rs1,500 crore over thenextthree years andit expects 60 percent ofits turnover to come fromelectric vehicle parts. Itaims to becomea Global EV Solutions Company from India
New age thermoplastics for next-generation EV batteries
Saudi-based global materials major SABIChas developed cutting edgein fire-resistant polymers and flame-retardant materials that comply with various EV battery safety standards across the world.
Switch Mobility to meet growing e-bus demand with fresh capex
Oncourse for abillion-dollar business, the company is exploringa possibility of operating satellite factories across the country to serve different geographies, write ShahkarAbidi and Ketan Thakkar.
Kia India to invest Rs 2,000 crore in EVS, to introduce new e-RV in 2025
New investmentto drive R&D, infrastructure development and manufacturing capabilities. The company willlocally produce EVsin India with possibility of exports as well, writes Mayank Dhingra.
"The government has given enough time for indigenisation but the industry has not taken it seriously"
Amitabh Saran, Founder and CEO, Altigreen, shares his views on problems inthe EV industry and battery localisation solutions with Amit Vijay M.
TATA MOTORS SEES ONE INTWO CARS SOLDAS EVS BY 2030
The company aims to offer wider choices withnew EVs that may straddle a pricebracket of Rs20to 40lakhinthe coming years, writes Ketan Thakkar.
MG Motor India in expansion drive, to invest $100 million
The investment willbe usedtoramp up existing production capacity from1.2to1.4-15lakh units per annum atthe automaker's Halol plantin Gujarat, writes Ketan Thakkar.
"Technology and its multiplier effect are driving business transformations and customer experiences"
Technical Centre India is one of Continental’s largest research and development centres in the world, andasa Centre of Competence’ it also develops customised products for the BRIC countries.