The Indian auto industry is regaining its sales momentum after severely being hit by the Covid-19 pandemic, supply chain constraints and semiconductor shortages. Demand has surpassed industry expectations and recorded its highest-ever sales- with 23 per cent growth as the manufacturers sold 3.793 million units in 2022, outperforming the previous record of 3.33 million units in 2018. Sales numbers are a sign of significant celebration not just for OEMs but also for its ancillaries. Here is the sales breakdown of how the brands performed in the calendar year 2022.
India's largest carmaker managed total sales (domestic+ export) of 1,451,237 units in FY 2022-23, an increase of 25 per cent more than in FY 2021-2022. However, the December sales numbers show a dip compared to the previous months, wherein the brand has managed domestic monthly sales of 113,535 units, a 9.91 per cent decline compared to December 2021. Maruti Suzuki accounts for the shortages of electronic components that had plugged the production capacity, subsequently hampering the sales growth. The brand had quite an eventful year with new launches. The most important is the Grand Vitara, which in its hybrid avatar, packs the potential to be the next game-changer for the B-segment SUV.
South Korean auto major Hyundai Motors has registered its highest-ever domestic sales at 5,52,511 units, with an increase of 9.4 per cent over 5,05,033 units in 2021. Exports also grew by 13.7 per cent compared to last year at 1,48,300 units. According to Hyundai, Creta has registered its highest-ever annual sales volume of 1,40,895 units in 2022 since its introduction in 2015. The company also registered monthly sales of 57,852 units, 18.2 per cent more than in December 2021. The year 2023 could charge up the fortunes of Hyundai with the launch of the World Car of The Year- Ioniq 5.
India's ‘THE’ fan-boy brand has tasted monumental success with its new-age vehicles. Tata motors sold 5,26,819 units in the year 2022, 59 per cent more than in 2021. In December 2022 alone, Tata reported sales at 40,043 units. Tata's EV segment is particularly booming, adding profitability to the brand. Tata Motors achieved the coveted 50,000 units of monthly retail for the first time.
Despite being new to the market, Hyundai's sister brand- Kia Motors, has gained a good hold in the Indian market with its feature-rich offerings. The brand managed sales of 3,36,619 units in 2022, a 47.7 percent gain compared with 2021. The domestic sales stood at 2,54,566 units, whereas the remaining 82,063 units were exported units. Kia reported total sales of 15,184 units in December 2022, a 94.74 per cent increase from 7,795 units in Dec 2021.
Skoda has two-fold growth in the calendar year 2022, with a total of 53,721 units sold as compared to 23,858 units sold in 2021. The brand's new-age cars are among the top picks among enthusiasts. Skoda India reported a 48 per cent growth at 4788 units, compared to 3234 units in December 2021.
Volkswagen India also expanded its presence in the Indian market with a 58 percent sales growth in 2022 compared to 2021. Brands' revamped strategies have helped them survive and strive in the Indian market. The upcoming models from VW are something to look for this year. Well, What do you think? What should be the next product you are expecting from German auto giants?
MG Motor has also encountered a comparatively successful year, with a total of 48063 units sold in 2022, a 19.34 per cent growth compared to 2021. MG Motor has registered sales of 3899 units, a 52.90 per cent YoY growth from 2,550 units sold in Dec 2021. However, the MoM sales have plunged by 180 units.
Toyota Motor clocks the highest sales figure with a total of 160,357 units, a growth of 23 per cent when compared to 2021. The best sales figures clocked by TKM were in 2012, with a total of 172,241 units. Regarding sales figures for December, TKM sold 10,421 units compared to 10,834 units sold in December 2021.
If any brand in the Indian automobile industry had a momentous year, then it would be M&M . The auto manufacturer has registered sales of 3,32,984 units, up by 65.63 per cent from 2,01,693 units sold in 2021. M&M had established itself quite firmly in the market thanks to its new-age SUVs. The brand sold 28,445 PV units in December 2022, a 60.51 per cent YoY growth compared to 17,722 units sold in December 2021.
Nissan India's cumulative sales figure stood at 34,565 units in the calendar year 2022, down from 36,173 units sold in 2021. Moreover, the sales unit of Dec 2022 was also down by 32 per cent, with a total of 2020 units sold compared to 3010 units sold in Dec 2021. Currently, Magnite is the only car running the show for the brand. Recently, they have showcased its plans for India by showcasing three new cars to be launched, thereby creating positive momentum.