Carmakers post sales growth in June as semiconductor woes show signs of easing out
The Hindu
The momentum in sales comes on the back of some ease in semiconductor availability
Major carmakers, including Maruti Suzuki, Hyundai, Tata Motors on Friday reported growth in their passenger vehicle sales in June as semiconductor shortage woes showed gradual signs of easing out.
Other manufacturers including Kia India, MG Motor India and Skoda Auto India also reported robust sales growth last month.
Maruti Suzuki India (MSI) reported 5.7% increase in total wholesales at 1,55,857 units in June as compared to 1,47,368 units to dealers in June 2021.
The company’s domestic sales increased 1.28% to 1,32,024 units, as against 1,30,348 units in June 2021, it added.
Rival Hyundai Motor India Ltd (HMIL) also reported 14.5% increase in total sales at 62,351 units in June. It had sold total 54,474 units in the same month last year.
Domestic sales stood at 49,001 units last month as compared with 40,496 units in June 2021 , a growth of 21%, it added.
“With the semiconductor situation showing signs of easing out, the sales numbers have again started showing a positive trend,” HMIL Director (Sales, Marketing and Service) Tarun Garg said.
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