Auto Sales August 2022: How did Auto companies perform in August 2022?

Auto Sales August 2022: Overview

August was a positive month for auto companies as there were two major festivals in August and many other festivals. The two big festivals were Onam and Ganesh Chaturthi, while other festivals were Rakhi, Janmashtami, and Teej. It ensured the sales never dropped in August.

In August 2022, around 3,28,079 passenger vehicles (PV) were sold, a 26% growth compared to the year-ago period. Sequentially (July), the numbers were down by 3.8%. However, passenger vehicle sales crossed 3 lakh for the fifth month in this calendar year.

The consistent sales volumes highlight the ease in semiconductor supply and increased production capacity of the OEMs. Let us look at Auto sales numbers for August from top carmakers in India.

Below are updates from all major car-makers in India for August 2022:

Passenger Vehicle Sales in August 2022 in India

Maruti Suzuki Sales August 2022 - India's largest carmaker, Maruti Suzuki reported a growth in its domestic passenger vehicle (PV) to 1,34,166 units in August. In August 2021, the company sold 1,03,187 units. Sequentially, the sales decreased from 1,42,850 units in July. The export sales increased to 21,481 units in September 2022 compared to 20,619 units in August 2021.

Sales of mini cars, including S-Presso and Alto, increased to 22,162 units, against 20,461 in the same month last year. Similarly, sales in the compact segment, including models such as Swift, Celerio, Ignis, Baleno, and Dzire, increased more than 57% to 71,557 units against 45,577 cars in August 2021. Sequentially, the numbers for the mini and compact segments were down. Utility vehicle sales, including S-Cross, XL6, Vitara Brezza, and Ertiga, increased to 26,932 units from 24,337 vehicles in the year-ago month.

Hyundai Sales August 2022 - The company recorded a sales increase of 5% in August 2022 compared to last year. Hyundai sold 62,210 cars including exports in August 2022, compared to 59,068 cars in the same month last year. Sequentially, sales were up from 50,500 units at a volume gain of 11,710 units, representing 23.19% sales growth.

Hyundai also reported higher export numbers in August. From the year-ago period, the export sales increased 4% to 12,700 units. The company recently launched the 2022 Tucson SUV. The model has received robust booking numbers with strong customer responses. Hyundai is also scheduled to launch the Venue N-Line in the country on September 6.

Mahindra car Sales August 2022 - Mahindra's Passenger Vehicles segment (which includes Cars, UVs, and Vans) sold 29,852 vehicles in August 2022. In August 2021, the total passenger vehicles sold were 15,973, a jump of 87%. Utility vehicle sales increased 87%, while cars and vans sales increased 80% year-on-year. Sequentially, PV segment sales increased from 28,053 units. Exports for the month were 2912 vehicles.

Demand across the portfolio remains strong and is enhanced with blockbuster launches of Scorpio Classic, Scorpio-N, and the new Bolero MaXX Pik-up. The company registered the highest ever SUV Volume in August. The company said that the supply chain situation continues to remain dynamic for select product lines. The company is taking appropriate actions to minimize the impact.

Tata Motors Car Sales August 2022 - The third-largest car manufacturer, Tata Motors  has managed to sell 47,166 passenger vehicles in India in August 2022, a growth of 68% year-on-year. Sequentially, the total PV domestic sales declined marginally from 47,505 units.

In the PV ICE segment, Tata Motors sold 43,321 units, a growth of 60% year-on-year. The company’s electric vehicle PV business in August continues to shatter all previous records. Tata Motors sold 3,845 EVs in August 2022, registering a 276% year-on-year growth. In the year-ago period, it sold only 1,022 EVs.

Two Wheeler Sales in August 2022 in India

Hero MotoCorp Sales Figures August 2022 - With sales of 4.62 lakh units of motorcycles and scooters in August 2022 including exports, Hero MotoCorp registered a growth of 1.7% over the same month of the previous fiscal when it sold 4.54 lakh units. Motorcycles commanded a 93.12% share in August 2022, up from 92.67% held in August 2021. Scooter sales declined year-on-year to 31,809 units in August 2022 from 33,270 units sold in August 2021. Domestic sales increased by 4.4%, while exports declined by 47.82%. 

The company started the company’s two-wheeler resale platform called Wheels of Trust in a phygital avatar. They also inaugurated its first-ever ‘Xpulse Xperience Centre’ in the country. The company expects the momentum to build up in the coming months for multiple reasons: a healthy growth in the country's GDP, a better monsoon resulting in a decent agricultural harvest, a normal festive season after a gap of two years and positive consumer sentiments. 

TVS Sales August 2022 - For TVS, the total two-wheelers sales grew from 274,313 units in August 2021 to 315,539 units in August 2022 including exports. Domestic two-wheelers business registered a decent growth of 33%, with sales increasing to 239,325 units in August 2022 from 179,999 units in August 2021. 

The motorcycles segment registered sales of 1,57,118 units in August 2022, as against 1,33,789 units in August 2021, a growth of 17.4%. Scooter sales grew from 87,059 units in August 2021 to 1,21,866 units in August 2022, a growth of 40%. The Company is optimistic about the demand in the domestic two-wheeler market with positive market sentiments and the upcoming festive season. As the availability of semiconductors has supported reaching a balanced supply chain, the company is now geared up to swiftly meet the festive demand.

Bajaj Auto Sales August 2022 - In the two-wheeler space, Bajaj Auto's domestic sales stood at 2,33,838 units for August month, a growth of 48% when compared to 1,57,971 units in the year-ago period. The company made the highest ever sales of 'Platina'. During the same period, two-wheeler exports stood at 1,21,787 units, which is a decline in sales by 32% compared to August 2021, when Bajaj Auto exported 1,80,339 units.

Commercial Vehicle Sales in August 2022 in India

Tata Motors - Total domestic Commercial Vehicle sales for August 22 stood at 29,313 units compared to 29,781 units in August 2021, a growth of 6%. Domestic sales of MH&ICV in August 2022, including trucks and buses, stood at 12,069 units, compared to 8,962 units in August 2021. Total sales for MH&ICV Domestic and International in August 2022, including buses and trucks, stood at 12,846 units compared to 10,953 units in August 2021.

Mahindra - In the Commercial Vehicles segment, Mahindra sold 3896 LCV < 2T (125% growth year-on-year), 16940 LCV 2T - 3.5T (157% growth year-on-year) and 565 LCV > 3.5T + MHCV (28% growth year-on-year) in August 2022. Overall, Commercial Vehicles continue to deliver strong performance registering strong growth across segments.

Bajaj Auto - In the commercial vehicle segment, Bajaj sold 22,917 units in August in the domestic market compared to 14,624 units in August 2021, registering a good growth of 57%. Exports were up after some time as the company was able to export 23,053 units, a growth of 13% compared to the year-ago period. Bajaj’s overall commercial vehicle sales in August 2022 saw good growth of 31% compared to the previous year.

Tractors Sales in August 2022 in India

Mahindra - Total tractor sales (Domestic + Exports) during August 2022 were at 21,520 units, as against 21,360 units for the same period last year. Exports for August month stood at 1382 units.

Escorts - Escorts' total tractor sales increased 7.3% year-on-year to 6,111 units in August 2022 from 5,693 units sold in August 2021. Domestic tractor sales stood at 5,308 tractors in August 2022, as against 4,920 tractors sold in August 2021, registering a growth of 7.9% year on year. Export tractor sales were at 803 tractors in August 2022 as against 773 tractors sold in August 2021, a growth of 3.9%.