auto sales in november 2021: November

New Delhi: Some had causes to cheer, and others not fairly, within the home auto business for the month that’s passed by. Two of the highest three passenger car OEMs, Maruti Suzuki and Hyundai, noticed a dip in volumes throughout November. Maruti Suzuki’s gross sales of 1.09 lakh models within the home market final month is nineteen% decrease than the 1.35 lakh models bought throughout November 2020. Hyundai’s volumes fell 24% y-o-y to 37,001 models throughout final month. Quantity three participant Tata Motors continues its turnaround drive with a 38% y-o-y rise to 29,778 models.

Of the numbers out there to this point, Toyota and Nissan reported progress in November, whereas one other Japanese main Honda noticed a decline in gross sales. Toyota’s progress stood at 53% (13,003 models) , whereas Nissan noticed its Magnite SUV solely drive the OEM’s volumes up by 160% (2651 models) on a small base. Honda reported gross sales of 5457 models, a forty five% drop from 9990 models in November 2020. MG Motor India additionally noticed a fall in gross sales, of 40%, throughout November, at 2481 models. Mahindra & Mahindra then again noticed its gross sales develop by 7% to 19,458 models.

On the industrial car facet, market chief Tata Motors’ volumes climbed 15% to 32245 models whereas the quantity two participant Ashok Leyland noticed a 4% dip in general volumes to 9364 models. Its M&HCV volumes, an indicator of infrastructure actions, grew by 5% to 4661 models.

The efficiency of the CV sector displays the economic system’s restoration at the same time as there are some rising considerations across the Coronavirus pandemic. The general demand within the PV market stays good, although the continuing semiconductor disaster hampers gross sales prospects of business gamers.

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PV volumes are more likely to take successful amongst chip shortages, although volumes must be barely higher month-on-month. On the CV entrance, the optimistic momentum is more likely to proceed.

Its passenger car gross sales within the home market had been at 29,778 models in November, up 38% from 21,641 models in the identical month final 12 months, the corporate stated.