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Indian automakers posted good sales in October despite parts shortages

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With the holidays just around the corner, automakers, leading Maruti Suzuki India LtdOctober closed with good sales figures.



However, the shortage of electronic components had put a brake on overall sales.

According to Maruti Suzuki, by October 2022, it had sold a total of 167,520 units (domestic 143,250 units, sales to other automakers 3,822, exports 20,448 units) versus 138,335 units (domestic 112,788 units, sales to other automakers 4,225 units, exports 21,322 units).

Hyundai Motor India Ltd sold 58,006 units (domestic 48,001 units, export 10,005 units) last month against 43,556 units (domestic 37,021 units, export 6,535 units) sold in October 2021.

Major Mahindra and Mahindra Ltd said it had sold 32,298 passenger cars in the domestic market last month, up from 20,130 units sold in October 2021.

On the other hand, Tata Motors Ltd said it had sold 45,423 passenger cars last month (34,155 units sold in October 2021).

Interesting for Nissan Motor India was that last month exports exceeded domestic sales. The company had sold a total of 10,011 units, of which the export amounted to 6,950 units and the domestic sales amounted to 3,061 units.

Other car manufacturers like Toyota Kirloskar Motor said it had sold 13,143 units (12,440 units) last month. Honda Cars India Ltd sold 11,221 units (9,855 units) last month and MG Motor India, 4,367 units.

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