March 1st 2025.
In the bustling city of New Delhi, the top players in the passenger vehicle industry shared their February sales reports. Maruti Suzuki, the leading manufacturer, saw a slight increase in sales, while Hyundai and Tata Motors faced a decline due to the ongoing market slowdown and low consumer demand.
On the other hand, Mahindra & Mahindra and Toyota Kirloskar Motor experienced double-digit growth, thanks to the popularity of their SUV and MPV models. Maruti Suzuki India reported a marginal year-on-year growth with 1,60,791 units sold domestically, compared to 1,60,271 units in the same month last year.
While the company's mini segment cars, including the popular Alto and S-Presso, saw a decline in sales, their compact cars such as Baleno, Celerio, Dzire, Ignis, Swift, and WagonR, saw a rise. The company's utility vehicles, consisting of the Grand Vitara Brezza, Ertiga, XL6, and Jimny, also showed an increase in sales at 65,033 units.
Hyundai Motor India, on the other hand, reported a 5% drop in domestic sales with 47,727 units sold to dealers last month. Despite challenges in the market, Hyundai's Whole-time Director and CEO, Tarun Garg, remains optimistic, citing proposed tax reforms and improved liquidity as potential boosters for the market.
Tata Motors also faced a decline in domestic passenger vehicle sales, including electric vehicles, with 46,435 units sold compared to 51,267 units in the same month last year. Meanwhile, M&M's utility vehicle sales in the domestic market saw a 19% growth, with 50,420 units sold.
M&M's Automotive Division President, Veejay Nakra, attributed this success to the growing demand for their SUV portfolio. Similarly, Toyota Kirloskar Motor reported an overall 13% growth with 28,414 units sold in February, driven by the popularity of their MPVs and SUVs.
According to the company's Vice President of Sales, Service, and Used Car Business, Varinder Wadhwa, models such as the Innova Crysta, Innova Hycross, Urban Cruiser Hyryder, Hilux, Fortuner, Legender, and Rumion were in high demand, reflecting the consumers' preference for reliable and quality products.
Kia India also saw a 23.8% rise in total sales with 25,026 units sold in February, thanks to strong customer demand and their commitment to providing cutting-edge mobility solutions. Senior Vice President and Head of Sales and Marketing, Hardeep Singh Brar, expressed their agility and precision in responding to the market's changing demands with their diverse product lineup.
In the two-wheeler segment, Royal Enfield reported a 19% growth in total sales with 90,670 units sold, compared to 75,935 units last year. Suzuki Motorcycle India Pvt Ltd, however, saw a decline in sales with only 90,206 units sold compared to 97,435 units in February last year.
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