Top Auto Companies Report Strong Sales Growth in September

Passenger vehicle wholesales grew in double digits in September, driven by strong demand from car buyers across multiple major companies.

Sales Numbers

Maruti Suzuki India sold 2,36,013 units in September, marking a 24.43% year-on-year growth compared to 1,81,665 units in the same month last year. That total included domestic sales of 1,85,252 units which rose by 36.5%, sales to other original equipment manufacturers of 6,542 units which fell by 44%, and exports of 44,219 units which grew by 5%. Hyundai Motor India reported wholesales of 77,916 units, up 10.8% year-on-year, with domestic sales rising 10.9% to 57,166 units and exports increasing 10.4% to 20,750 units. Tata Motors Passenger Vehicles recorded total wholesales of 70,210 units, up 15%, with domestic passenger vehicle sales at 68,810 units and exports at 1,400 units. Mahindra & Mahindra recorded SUV wholesales of 64,092 units, up 14%, while total vehicle sales including exports reached 1,14,874 units, up 15%. JSW MG Motor India reported 8,018 units with a 19% increase, Toyota Kirloskar Motor reported 28,218 units which was down 10%, and Kia India recorded 32,017 units up 41% year-on-year.

Context

Automobile wholesales track the number of vehicles shipped from factories to dealerships, serving as a key indicator of factory output and broader economic demand. Growth during this time of year often ramps up in anticipation of the upcoming festive season shopping period in India.