Country’s largest passenger vehicle maker, Maruti Suzuki India on Saturday reported a marginal growth in its domestic wholesales (dispatches to dealers) of 1,60,791 units in February, as compared with 1,60,271 units in the corresponding month last year.
Mahindra & Mahindra (M&M) reported domestic wholesales of 50,420 units in February, a growth of 19 per cent year-on-year (y-o-y) as compared with 42,401 units in the same month last year.
“In February, we clocked sports utility vehicle (SUV) sales of 50,420, a growth of 19 per cent and 83,702 total vehicles, a growth of 15 per cent. This strong performance is a result of a continued positive momentum for our SUV portfolio,”Veejay Nakra, President, Automotive Division, M&M, said.
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‘Fortuner’ maker Toyota Kirloskar Motor (TKM) also reported a growth of 13 per cent y-o-y to 26,414 units in domestic sales during the month as compared with 23,293 units in February 2024.
“Multi-purpose vehicles (MPVs) and SUVs continue to be the primary growth drivers, contributing 68 per cent to overall sales. The strong demand for models such as the Innova Crysta, Innova Hycross, Urban Cruiser Hyryder, Hilux, Fortuner, Legender, and Rumion reflects the growing preference for reliable and quality products,”Varinder Wadhwa, Vice President, Sales-Service-Used Car Business, TKM, said.
However, Hyundai Motor India (HMIL) reported a decline of five per cent y-o-y in its domestic sales to 47,727 units in February as compared with 50,201 units in the corresponding month last year.
“We are witnessing increasing global demand for our Made-in-India products, reflecting Hyundai’s strong acceptance worldwide. By optimising exports, we will continue to reinforce HMIL’s position as a key export hub for Hyundai Motor Company. On the domestic sales front, despite geopolitical challenges, we remain optimistic that the proposed tax reforms in the Union Budget 2025 and improved liquidity will provide the much-needed demand boost to the market,”Tarun Garg, Whole-time Director and Chief Operating Officer, HMIL, said.