Chip shortage impacts passenger vehicle sales in December too – The Hindu BusinessLine

Clipped from: https://www.thehindubusinessline.com/companies/chip-shortage-impacts-passenger-vehicle-sales-in-december-too/article38086852.ece

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Tata Motors and M&M record sales growth during December despite semiconductor crisis   –  PTI

M&M, Tata Motors buck Dec sales dip trend; Tata Motors pips Hyundai in monthly sales to become No 2 player

Leading passenger vehicle makers such as Maruti Suzuki India (MSIL) and Hyundai Motor India (HMIL) continued to be impacted by the semiconductor shortage and reported a decline in December sales year-on-year.

Supply constraints

“Demand continued to be good, we are entering the New Year with one of the lowest stocks. We are cautiously optimistic about 2022,” Shashank Srivastava, Senior Executive Director, Marketing & Sales, MSIL told BusinessLine.

Hyundai Motor registered a decline of 32 per cent in its December sales to 32,312 units (47,400). However, for calendar 2021, the company recorded a growth of 21 per cent year-on-year at 5,05,033 (4,23,642).

Honda Cars India reported an 8 per cent dip in sales to 7,973 units last month compared with 8,638 units sold in December 2020. For the calendar, however, the company registered a cumulative growth of over 26 per cent, selling 89,152 units (70,593 units).

M&M, Tata Motors sales up

M&M said it sold 17,722 passenger vehicles in December, up 10 per cent over the 16,182 units sold in the same month last year.

Tata Motors reported a 50 per cent jump Y-o-Y to 35,299 units in December (23,545 units).

Two-wheeler space

In the two-wheeler segment, market leader Hero MotoCorp’s sales declined 12 per cent at3,74,485 units ( 4,25,033 units).

Royal Enfield also reported decline in sales YoY during the month. In the commercial vehicle segment, most companies including Volvo Eicher, Tata Motors and M&M reported positive growth.

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