Mixed December – While Tata Motors, Hyundai sales rise, Maruti Suzuki reports in the slow lane

• Maruti Suzuki has reported a slight decline in sales year-on-year.
• Tata Motors and Hyundai have reported an increase in sales in December 2023.
• The overall passenger vehicles segment has reported an increase in sales in the last month of the year.

As the month of December comes to an end, the auto sales data is giving us an insight about the performance of major automakers in the country in the last month of the year. While the country’s leading automaker Maruti Suzuki has reported a slight decline in sales, Tata Motors and Hyundai have reported a rise in sales.

The overall passenger vehicle segment recorded an increase of 4.4% year-on-year, from 2,75,653 vehicles sold in December 2022 to 2,87,904 vehicles sold in December 2023.

Maruti Suzuki reports a decline

India’s leading carmaker Maruti Suzuki reported a slight decline in sales in December 2023. The company sold 1,37,551 vehicles in December 2023, down from 1,39,347 vehicles sold in December 2022, a decline of 1%. The company however managed to sell over 20 lakh vehicles in 2023.

Tata Motors and Hyundai report an increase in sales

Tata Motors and Hyundai Motor India (HMIL) reported an increase in sales.

Indian automaker Tata Motors sold 43,470 vehicles in December 2023, up from 40,043 vehicles sold in December 2022, recording a 9% increase in sales. With this, the company managed to occupy the second spot in India’s PV segment, behind Maruti Suzuki.

Tata Motors also reported a slight increase in sales of its commercial vehicles. The company sold 34,180 vehicles in December 2023, up from 33,949 vehicles sold in December 2022, recording an increase of 1%.

Hyundai takes the third spot with 42,740 vehicles sold in December 2023, up from 38,831 vehicles sold in December 2022, recording an increase of around 10%.

Hyundai has recorded sales of over 6 lakh vehicles in 2023, marking its highest ever domestic sales in the country.

Honda reports an increase in sales

Honda reported an increase in sales in December 2023, selling 7,902 cars in the country, up from 7,062 vehicles sold in December 2022, registering a growth of 12% year-on-year.

Mahindra and Mahindra sales rise by 24%

Indian automaker Mahindra and Mahindra recorded a sale of 35,174 cars in December 2023, up from 28,445 cars sold in December 2022, registering a 24$ increase in sales year-on-year.

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