The passenger vehicle (PV) sales in India rose about 4 per cent (year-on-year) at 3,50,000 units in the month of November, data showed on Monday. The total domestic PV wholesales stood at 335,954 units last month, driven by robust demand during the wedding season, increasing private consumption and SUV sales.
If we look at the January-November period, PV sales stood at 39,80,000 units, 4.1 per cent higher than 38,21,000 units sold in the same 11-month period in 2023.
In November, Maruti Suzuki India (NS:MRTI) sold a total of 181,531 units, including domestic sales of 144,238 units, against 1,34,158 units in the year-ago month which is a growth of 5.5 per cent.
As the nation's largest automaker put it, it was a combination of the momentum of October carried on to November, continued traction in in rural market, demand because of ongoing wedding season and increased sales of SUVs and good response for limited edition models.
Maruti Suzuki India's rural penetration improved to 48.7 percent in November -- 2.2 percentage points more than the same month last year.
Mahindra & Mahindra Ltd. (NS:MAHM) (M&M Ltd.) reported an overall auto sales of 79,083 vehicles for the month of November. In the Utility Vehicles segment, Mahindra sold 46,222 vehicles in the domestic market, up by 16 per cent.
Veejay Nakra, President, Automotive Division, M&M Ltd, said that the month witnessed the launch of electric origin SUVs – the BE6e and XEV9e.
The go-to-market for these electric origin SUVs will start in a phased manner in the later part of January 2025. Deliveries will commence towards the end of February or early March 2025," he informed.
Tata Motors (NS:TAMO) passenger vehicles sales were up by 2% year on year at 47,117 units. Hyundai Motor (KS:005380) in India's domestic sales stood at 48,246 units and export sales at 13,006 units during the month. The company recorded a slight fall in total sales.
Toyota (NYSE:TM) Kirloskar Motor (TKM) sold 25,586 units in November 2024. The company's sales volume increased by 44% from the same month last year where it sold 17,818 units.
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