Maruti, Tata Motors, Mahindra Publish PV Gross sales Progress In November; Hyundai Information Decline
Passenger Automobile Gross sales In India: India’s passenger automobile market witnessed diversified efficiency throughout main automakers in November 2024. Whereas Maruti Suzuki, Mahindra & Mahindra, and Tata Motors posted year-on-year development, Hyundai confronted challenges in its home market.
Maruti Suzuki, the nation’s largest carmaker, reported sturdy development in complete passenger automobile gross sales, reaching 141,312 models through the month within the home market. This marked a rise from 134,158 models bought in November 2023. Nevertheless, the corporate’s gross sales in October 2024 have been larger at 159,591 models, indicating a month-on-month decline.
In November 2024, Maruti Suzuki India Restricted recorded complete automobile gross sales (together with mild industrial automobiles) of 181,531 models. This included home gross sales of 144,238 models, gross sales to different authentic tools producers (OEMs) of 8,660 models, and exports of 28,633 models.
Tata Motors additionally reported regular development in its home and worldwide markets. The corporate bought 74,753 automobiles in November 2024, up from 74,172 models in November 2023.
Within the passenger automobile (PV) section, together with electrical automobiles (EVs), Tata Motors achieved complete gross sales of 47,117 models, a 2 per cent year-on-year enhance from 46,143 models in November 2023.
However, Hyundai Motor India Restricted (HMIL) noticed a slight decline in its home gross sales. The corporate reported home gross sales of 48,246 models in November 2024, down by 2.4 per cent from 49,451 models bought in November 2023.
Nevertheless, its total efficiency, together with exports, remained strong. Hyundai recorded complete gross sales of 61,252 models in November 2024, comprising 48,246 home models and 13,006 export models. Yr-to-date (YTD) gross sales for Hyundai Motor India, masking the interval from January to November 2024, stood at 7,09,041 models, reflecting the model’s sturdy market presence.
Mahindra & Mahindra Ltd. (M&M Ltd.) total auto gross sales for November 2024 stood at 79,083 automobiles, together with exports. Within the Utility Automobiles section, Mahindra bought 46,222 automobiles within the home market, a development of 16 per cent, and total, 47,294 automobiles, together with exports.
These figures spotlight the combined dynamics within the Indian passenger automobile market. The car sector continues to navigate evolving shopper preferences, macroeconomic elements, and rising competitors, notably within the EV area, which is gaining traction. Lately, the sector has additionally been dealing with challenges because of the slowdown.
