Tata, Hyundai slip in February while Maruti holds ground, M&M, Toyota, Kia report double-digit growth in auto sales
The Hindu
Tata Motors and Hyundai report decline, while Maruti Suzuki sees marginal growth; Mahindra, Toyota, and Kia show strong growth.
Tata Motors and Hyundai Motor India in February reported a 8% and a 3% year on year (YoY) decline in total vehicle wholesale numbers respectively while market leader Maruti Suzuki reported a marginal growth of less than 1%. Mahindra & Mahindra, Toyota Kirloskar Motor and Kia put up a strong show with a growth of 15%, 13% and 24% respectively, data released by individual companies on Saturday show.
Maruti Suzuki reported wholesale of 1,99,400 units as compared with 1,97,471 units a year ago, up 0.97%. This includes domestic passenger vehicles (PV) wholesale of 1,60,791 (1,60,271) units.
Hyundai reported PV wholesales of 58,727 units as compared with 60,501 units a year ago, down 2.93%. This includes domestic PV sales of 47,727 units (50,201) units.
Tata Motors made a total wholesale of 79,344 units as compared with 86,406 units, down 8.17%. This volume includes domestic PV sales of 46,435 (51,267) units.
Mahindra & Mahindra reported total wholesale of 83,702 units as compared with 72,923 units a year ago, up 14.78%. This includes SUV sales of 50,420 units (42,401) units, up 19%.
Toyota Kirloskar Motor (TKM) has announced sales of 28,414 units in the month of February 2025 up 13% over the year ago period.
In the domestic market, TKM sold 26,414 units, while exports stood at 2,000 units.
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