Car Sales in January: Industry players attributed the growth in wholesales numbers to record SUV sales, exceptional response to new launches, rising production levels, and robust economic growth.
Indian carmakers Maruti Suzuki, Hyundai Motor India, and Tata Motors reported their best-ever monthly sales in January, with volumes growing by over 13%. Maruti Suzuki sold 166,802 units, Hyundai Motor India sold a record 57,115 units driven by the newly launched Hyundai CRETA, and Tata Motors saw sales increase by 12%. Two-wheeler companies Honda Motorcycle & Scooter India and TVS Motor Company also reported significant growth. However, commercial vehicle sales were subdued, with Tata Motors experiencing a decline, and Mahindra Tractors reporting a 17% decline in sales.
Get latest articles and stories on India at LatestLY. Automobile makers in the country started the New Year on a positive note with most players across segments reporting higher sales volume in January compared to the same month last year. India News | Auto Makers Start 2024 on High Note, Report Growth in Jan Sales.
Toyota Kirloskar Motor on Thursday reported its highest-ever monthly wholesales in January with dispatch of 24,609 units, an increase of 92 per cent over same month last year.
The automaker had dispatched a total of 12,835 units to dealers in January last year.
Last month the company sold 23,197