Auto sales in the fast lane
Financial Express Mumbai|May 02, 2023
Wholesales rise 13% in April, retail lags at 3.5% 
ROHIT VAID
Auto sales in the fast lane

FACTORY DISPATCHES OF passenger vehicles got off to a mixed start in the new financial year, with Maruti Suzuki, Hyundai Motor India and Tata Motors reporting double-digit increases in their dispatches to dealers in April, on the back of good demand for sports utility vehicles. Overall, the passenger vehicle industry wholesales rose 13% year-on-year to 331,000 units. However, retail sales were muted at 286,000 units, showing a growth of 3.5% compared to the same month last year.

Domestic passenger vehicle sales of Maruti Suzuki, the country's largest PV maker, was up 11% year-on-year to 139,519 units during the month. However, sales of mini cars, comprising the Alto and S-Presso, fell 18% to 14,110 units compared to the year-ago period.

Sales in the compact segment, including models such as the Swift, Celerio, Ignis, Baleno and Dzire rose 27% to 74,935 units. The company said its utility vehicle sales, comprising the Brezza, Grand Vitara and Ertiga, also rose 8% to 36,754 units.

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