{"id":13237,"date":"2023-03-02T14:38:23","date_gmt":"2023-03-02T09:08:23","guid":{"rendered":"https:\/\/univest.in\/blogs\/?p=13237"},"modified":"2023-03-02T14:56:53","modified_gmt":"2023-03-02T09:26:53","slug":"feb-2023-vs-feb-2022-brief-summary-of-car-sales","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/feb-2023-vs-feb-2022-brief-summary-of-car-sales\/","title":{"rendered":"Feb 2023 vs Feb 2022: Brief summary of Auto sales"},"content":{"rendered":"<p>[vc_row type=&#8221;in_container&#8221; full_screen_row_position=&#8221;middle&#8221; column_margin=&#8221;default&#8221; column_direction=&#8221;default&#8221; column_direction_tablet=&#8221;default&#8221; column_direction_phone=&#8221;default&#8221; scene_position=&#8221;center&#8221; text_color=&#8221;dark&#8221; text_align=&#8221;left&#8221; row_border_radius=&#8221;none&#8221; row_border_radius_applies=&#8221;bg&#8221; overflow=&#8221;visible&#8221; overlay_strength=&#8221;0.3&#8243; gradient_direction=&#8221;left_to_right&#8221; shape_divider_position=&#8221;bottom&#8221; bg_image_animation=&#8221;none&#8221;][vc_column column_padding=&#8221;no-extra-padding&#8221; column_padding_tablet=&#8221;inherit&#8221; column_padding_phone=&#8221;inherit&#8221; column_padding_position=&#8221;all&#8221; column_element_spacing=&#8221;default&#8221; background_color_opacity=&#8221;1&#8243; background_hover_color_opacity=&#8221;1&#8243; column_shadow=&#8221;none&#8221; column_border_radius=&#8221;none&#8221; column_link_target=&#8221;_self&#8221; column_position=&#8221;default&#8221; gradient_direction=&#8221;left_to_right&#8221; overlay_strength=&#8221;0.3&#8243; width=&#8221;1\/1&#8243; tablet_width_inherit=&#8221;default&#8221; tablet_text_alignment=&#8221;default&#8221; phone_text_alignment=&#8221;default&#8221; animation_type=&#8221;default&#8221; bg_image_animation=&#8221;none&#8221; border_type=&#8221;simple&#8221; column_border_width=&#8221;none&#8221; column_border_style=&#8221;solid&#8221;][vc_column_text css=&#8221;.vc_custom_1677748354847{margin-right: 9px !important;margin-left: 9px !important;}&#8221;]In February 2023, the automotive industry, particularly the passenger vehicle (PV) sector, recorded robust sales figures following a period of healthy growth in January. This surge in wholesale numbers can be attributed to the strong performance of the urban markets, pent-up consumer demand, the ongoing marriage season, and the continued improvement in semiconductor supply.<\/p>\n<h2><img fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter wp-image-13243 size-full\" src=\"https:\/\/univest.in\/blogs\/wp-content\/uploads\/2023\/03\/auto-sale-number-1.png\" alt=\"Auto sales\" width=\"626\" height=\"452\" srcset=\"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2023\/03\/auto-sale-number-1.png 626w, https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2023\/03\/auto-sale-number-1-300x217.png 300w\" sizes=\"(max-width: 626px) 100vw, 626px\" \/><\/h2>\n<h2><\/h2>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/feb-2023-vs-feb-2022-brief-summary-of-car-sales\/#Maruti_Suzuki_India_Limited_MSIL\" title=\"Maruti Suzuki India Limited (MSIL)\">Maruti Suzuki India Limited (MSIL)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/feb-2023-vs-feb-2022-brief-summary-of-car-sales\/#Mahindra_Mahindra\" title=\"Mahindra &amp; Mahindra\">Mahindra &amp; Mahindra<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/feb-2023-vs-feb-2022-brief-summary-of-car-sales\/#Tata_Motors\" title=\"Tata Motors\">Tata Motors<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/feb-2023-vs-feb-2022-brief-summary-of-car-sales\/#Hyundai_Motor\" title=\"Hyundai Motor\">Hyundai Motor<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/feb-2023-vs-feb-2022-brief-summary-of-car-sales\/#Kia_India\" title=\"Kia India\u00a0\">Kia India\u00a0<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Maruti_Suzuki_India_Limited_MSIL\"><\/span><strong><span data-preserver-spaces=\"true\">Maruti Suzuki India Limited (MSIL)<\/span><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span data-preserver-spaces=\"true\"><strong>MSIL<\/strong> recorded a 10% increase in its domestic passenger vehicle (PV) sales, selling 147,467 units compared to 133,948 units during the same period in the previous year. Additionally, the company&#8217;s overall domestic wholesale figures, which include PVs, light commercial vehicles, and sales to other original equipment manufacturers (OEMs), reached 155,114 units for the month, a rise from 140,035 units in February 2022.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u201cThe shortage of electronic components had a minor impact on the production of vehicles, mainly in domestic models. The Company took all possible measures to minimise the impact,\u201d Maruti Suzuki India Limited said in a statement.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Mahindra_Mahindra\"><\/span><strong>Mahindra &amp; Mahindra<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">In February,\u00a0<\/span><strong><span data-preserver-spaces=\"true\">M&amp;M<\/span><\/strong><span data-preserver-spaces=\"true\">\u00a0witnessed an 8% increase in total sales, with 58,801 units sold compared to 54,455 units dispatched to dealers during the same month in 2022. M&amp;M reported a 10% rise in domestic passenger vehicle (PV) sales, with 30,358 units sold in February 2023, up from 27,663 units sold in February of the previous year, according to a statement released by the company.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u201cOur recent launches (Thar RWD and XUV400) have received a very positive response, and we see good demand across our portfolio as well. We are monitoring and taking appropriate steps on the supply chain scenario of semiconductors, which continue to be dynamic\u201d said Veejay Nakra, President of the automotive division (M&amp;M).<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Tata_Motors\"><\/span><strong><span data-preserver-spaces=\"true\">Tata Motors<\/span><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong><span data-preserver-spaces=\"true\">Tata Motors<\/span><\/strong><span data-preserver-spaces=\"true\">\u00a0announced a 7% year-on-year growth in total domestic passenger vehicle (PV) sales, which also includes electric vehicles (EVs). The company sold 42,862 units in February 2023, compared to 39,981 units during the same month in 2022. Furthermore, the company&#8217;s EV sales, including both domestic and export figures, saw a significant increase of 81% to 5,318 units sold in February 2023, compared to 2,934 units sold in February of the previous year.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Hyundai_Motor\"><\/span><strong><span data-preserver-spaces=\"true\">Hyundai Motor<\/span><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong><span data-preserver-spaces=\"true\">Hyundai Motor<\/span><\/strong><span data-preserver-spaces=\"true\">\u00a0India Limited recorded a 6.7% increase in domestic sales. HMIL sold 47001 vehicles in February 2023 versus 44050 units sold in February 2022.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u201cThe overall sales numbers are showing a positive trend across segments, and we are delighted to witness the trust of our beloved customers for Hyundai cars in India.\u201d Said Tarun Garg, Chief operating officer, of Hyundai Motor India Limited.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Kia_India\"><\/span><strong><span data-preserver-spaces=\"true\">Kia India<\/span><\/strong><span data-preserver-spaces=\"true\">\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong><span data-preserver-spaces=\"true\">Kia India<\/span><\/strong><span data-preserver-spaces=\"true\">\u00a0continued its growth trajectory, achieving a sales figure of 24,600 units in February 2023, which marks a 35.8% increase compared to the corresponding month in the previous year when the company sold 18,121 units.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u201cAchieving 35.8 percent growth against the industry\u2019s growth of 10 percent shows the love and confidence the Indian consumers have for the brand.\u201d Commenting on the numbers, Hardeep Singh Brar, National head, Sales and marketing, Kia India.<\/span><\/p>\n<p><strong>About the Author<\/strong><\/p>\n<p><strong>Sagar Wadhwa<\/strong><\/p>\n<p>Sagar Wadhwa is a Senior Equity Research Analyst who is a key member of the research team at Univest. He has extensive knowledge and expertise in the stock market, financial analysis, and investing and uses this expertise to provide valuable insights to the research team.<\/p>\n<p>Note \u2013\u00a0<i>This channel is for educational and training purpose only &amp; any stock mentioned here should not be taken as a tip\/recommendation\/advice<\/i><\/p>\n<p><em>You may also like: <a href=\"https:\/\/univest.in\/blogs\/adani-group-doors-open-for-lending-from-foreign-and-indian-banks\/\">Adani Group \u2013 Doors open for lending from Foreign and Indian banks<\/a><\/em>[\/vc_column_text][\/vc_column][\/vc_row]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[vc_row type=&#8221;in_container&#8221; full_screen_row_position=&#8221;middle&#8221; column_margin=&#8221;default&#8221; column_direction=&#8221;default&#8221; column_direction_tablet=&#8221;default&#8221; column_direction_phone=&#8221;default&#8221; scene_position=&#8221;center&#8221; text_color=&#8221;dark&#8221; text_align=&#8221;left&#8221; row_border_radius=&#8221;none&#8221; row_border_radius_applies=&#8221;bg&#8221; overflow=&#8221;visible&#8221; overlay_strength=&#8221;0.3&#8243; gradient_direction=&#8221;left_to_right&#8221; shape_divider_position=&#8221;bottom&#8221; bg_image_animation=&#8221;none&#8221;][vc_column column_padding=&#8221;no-extra-padding&#8221; column_padding_tablet=&#8221;inherit&#8221; column_padding_phone=&#8221;inherit&#8221; column_padding_position=&#8221;all&#8221; column_element_spacing=&#8221;default&#8221; background_color_opacity=&#8221;1&#8243; background_hover_color_opacity=&#8221;1&#8243; column_shadow=&#8221;none&#8221; column_border_radius=&#8221;none&#8221; column_link_target=&#8221;_self&#8221; column_position=&#8221;default&#8221; gradient_direction=&#8221;left_to_right&#8221; overlay_strength=&#8221;0.3&#8243; width=&#8221;1\/1&#8243; tablet_width_inherit=&#8221;default&#8221; tablet_text_alignment=&#8221;default&#8221; phone_text_alignment=&#8221;default&#8221; animation_type=&#8221;default&#8221; bg_image_animation=&#8221;none&#8221; border_type=&#8221;simple&#8221; column_border_width=&#8221;none&#8221; column_border_style=&#8221;solid&#8221;][vc_column_text css=&#8221;.vc_custom_1677748354847{margin-right: 9px !important;margin-left: 9px !important;}&#8221;]In February 2023, the automotive industry, particularly the passenger vehicle (PV) sector,<\/p>\n","protected":false},"author":10,"featured_media":26913,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24],"tags":[],"class_list":["post-13237","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market"],"metadata":{"_edit_lock":["1677749071:10"],"_edit_last":["10"],"_nectar_gallery_slider":["off"],"_nectar_quote_author":[""],"_nectar_quote":[""],"_nectar_link":[""],"_nectar_video_m4v":[""],"_nectar_video_ogv":[""],"_nectar_video_poster":[""],"_nectar_video_embed":[""],"_nectar_audio_mp3":[""],"_nectar_audio_ogg":[""],"_post_item_masonry_sizing":["regular"],"_nectar_header_bg":[""],"_nectar_header_parallax":["off"],"_nectar_header_bg_height":[""],"_nectar_page_header_bg_alignment":["top"],"_nectar_header_bg_color":[""],"_nectar_header_font_color":[""],"_wpb_vc_js_status":["false"],"_yoast_wpseo_focuskw":["Car sales analysis"],"_yoast_wpseo_title":["Feb 2023 vs Feb 2022: Brief summary of car sales %%page%% %%sep%% %%sitename%%"],"_yoast_wpseo_metadesc":["In February 2023, the automotive industry, particularly the passenger vehicle (PV) sector, recorded robust sales..."],"_yoast_wpseo_linkdex":["59"],"_yoast_wpseo_content_score":["60"],"_yoast_wpseo_estimated-reading-time-minutes":[""],"_yoast_wpseo_wordproof_timestamp":[""],"_yoast_wpseo_primary_category":["24"],"nectar_blog_post_view_count":["382"],"_wpb_shortcodes_custom_css":[".vc_custom_1677748354847{margin-right: 9px !important;margin-left: 9px !important;}"],"_thumbnail_id":["26913"],"rank_math_primary_category":["24"],"rank_math_title":["Feb 2023 vs Feb 2022: Brief summary of car sales %page% %sep% %sitename%"],"rank_math_description":["In February 2023, the automotive industry, particularly the passenger vehicle (PV) sector, recorded robust sales..."],"rank_math_focus_keyword":["Car sales analysis"],"rank_math_news_sitemap_robots":["index"],"rank_math_robots":["a:1:{i:0;s:5:\"index\";}"],"rank_math_analytic_object_id":["123"],"rank_math_internal_links_processed":["1"],"post_views_count":["528"],"amazonS3_cache":["a:4:{s:68:\"\/\/univest.in\/blogs\/wp-content\/uploads\/2023\/03\/auto-sale-number-1.png\";a:1:{s:9:\"timestamp\";i:1713792346;}s:76:\"\/\/univest.in\/blogs\/wp-content\/uploads\/2023\/03\/auto-sale-number-1-300x217.png\";a:1:{s:9:\"timestamp\";i:1713792346;}s:70:\"\/\/univest.in\/blogs-2\/wp-content\/uploads\/2023\/03\/auto-sale-number-1.png\";a:1:{s:9:\"timestamp\";i:1780161835;}s:78:\"\/\/univest.in\/blogs-2\/wp-content\/uploads\/2023\/03\/auto-sale-number-1-300x217.png\";a:1:{s:9:\"timestamp\";i:1780161835;}}"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2024\/10\/18181930\/portfolio-3-2.jpg","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/13237","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=13237"}],"version-history":[{"count":5,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/13237\/revisions"}],"predecessor-version":[{"id":13244,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/13237\/revisions\/13244"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/26913"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=13237"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=13237"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=13237"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}