Auto Sales November 2021 Live: Chip Shortage Drags M&M, Tata Motors' Sales, Maruti Escapes
Maruti Suzuki Sales Rise Marginally As Chip Shortage Continues To Hurt Production.
Sales for India's largest carmaker, Maruti Suzuki India Ltd., rose marginally by 0.61% month-on-month to 1,39,184 units in November, the company said in a statement as the shortage of electronic components continued to hurt production.
The company in a statement added that chip shortage had a minor impact on the production of vehicles during the month, and the shortage primarily affected the production of vehicles sold in domestic market.
Sales Snapshot (MoM)
Exports rose 0.33% to 21,393 units.
Mini and compact vehicle segment sales rose 5.6% to 74,492 units.
Utility vehicle sales, however, fell 9.25% to 24,574 units.
M&M Auto, Tractor Sales Fall In November
Mahindra & Mahindra Ltd.'s auto segment posted an overall sales of 40,102 units in November, a drop of 4.3% over the preceding month, as chip shortage continue to hurt the supply.
M&M’s passenger car sales too fell 3.4% over October to 19,458 units in November.
"The issues around semiconductor-related parts continue to remain a challenge for the industry," Veejay Nakra, CEO of Automotive Division at M&M, said in the statement, adding that the company is closely monitoring the situation and is taking appropriate steps.
Nakra, however, added that the demand remains strong across its product portfolio of SUVs, Pickups, and small commercial vehicles.
The Farm Equipment segment sales also suffered a drop in sales as the tractor sales slumped 41% over the preceding month to 27,681 units in November.
Hemant Sikka, President of the Farm Equipment sector at M&M, said that the rural sentiments continue to remain positive on account of good Rabi sowing and high reservoir levels. "Escalation in procurement for Kharif crop will bring steady cash flows, which is expected to boost tractor demand.”
TVS Motor Company Sells 2.72 lakh Units In November
TVS Motor Company's total sales fell 23.19% over the preceding month to 2.72 lakh units in November, as sales of motorcycles and scooters tanked. The Chennai-based two and three-wheeler maker had sold a total of 3,55,033 units in October.
Sales snapshot (M-o-M)
The total two-wheeler sales during the month stood at 2,57,863 units as against 3,41,513 units last month.
Domestic two-wheeler sales fell 32% to 1,75,940 units.
Motorcycles sales fell 18% to 1,40,097 units.
Scooters sales tanked 33.6% to 75,022 units.
Three-wheeler sales too fell 9.6% to 14,839 units.
Ashok Leyland Sells 10,480 Units In November
Ashok Leyland Ltd.'s sales fell 5.4% over the previous month to 10,480 units in November as demand dropped, according to its exchange filing.
Domestic sales fell sharply to 9,364 units from 10,043 units last month.
Domestic medium and heavy commercial vehicle sales tanked 11.2% to 4,661 units.
Tata Motors Passenger Vehicle Sales Fall 12.2%
Tata Motors Ltd.’s passenger vehicle division sold 29,778 units in November, a 12.22% fall over the preceding month.
Sales Snapshot (MoM)
Tata Motors’ total domestic sales fell 12.18% to 58,073 units.
Total domestic commercial vehicle sales fell 4.43% to 32,245 units.
Commercial vehicle exports rose 61.3% to 3,950 units.