Car sales slash by 39 percent in first five months
Despite a 36 per cent month-on-month improvement in demand for cars, jeeps and pickups in November, the overall automobile sales slashed by 39 percent year-on-years in the first five months of the current fiscal year.
According to the data, the sale of vehicles in October was 13,502, which was 18,391 units in November, while the sale of vehicles in the first five months of the financial year 2022-23 was limited to 66,458 units compared to 108,635 units in the corresponding period last year.
During November to October, the sales of Suzuki Cults and Wagon R in the 1000cc segment did not increase, while the sales of vehicles in the less than 1000cc segment and above saw an increase.
In the first five months of FY2022-23, the sales of Honda Atlas Limited (HAL) decreased by 7,925 units from 13,215 units in the previous fiscal year, while Suzuki Swift sales soared to 5,712 from 495 units.
Sales of Toyota Corolla and Yaris also declined to 10,186 units from 23,975 units in FY2021-22.
In the first five months of the current financial year, the sales of Suzuki Cults and Wagon R increased from 2,899 to 4,888 units as against 8,768 to 13,105 units during the same period last year.
Suzuki Bolan and Alto660cc sales also suffered a drop to 1,973 and 20,719 units from 5,201 and 23,193 units in 5MFY22.
Jeeps and pick-up sales stood lower at 11,314 units in 5MFY23 from 18,332 in the same period last year. Toyota Fortuner and Revo sales fell to 5,298 from 7,883 followed by sales of 1,099 units of Honda BR-V and HR-V versus 1,625 units in 5MFY22.
Amid a depressed sales scenario, the Hyundai Tucson assembler surprisingly beat its rivals by selling 1,877 units in the first five months of the current fiscal, as against 1,911 units in the same period last year.
The overall sales of 2/3 wheelers in 5MFY23 shrank to 523,354 from 795,943 units in which the share of Honda stood at 437,708 as compared to 563,575 in 5MFY22.