February 2022: Growth In Sales Of Cars

 
CHANDIGARH, India - March 9, 2022 - PRLog -- It is interesting to see growth in the passenger vehicle segment, with 7.84 percent growth. Maruti Suzuki has owned excellent positions with a 46.80 percent market share. We know that passenger vehicles have been facing a shortage of semiconductor supplies for the past year.

The supply constraints have persisted into the past two months of 2022 as well. We expect production and timely deliveries to be affected. Maruti Suzuki was again the best performer in sales in February 2022. In February 2021, retail sales totaled 1,20,896 units, a decline from the 1,02,653 units sold last month.

It caused a drop in market share from 43.11 percent to 43.11% in February over 46.80% in February 2021. Hyundai India was in second place with 35,542 retail sales last month. It is down from 17.26% to 14.93%.

Mahindra and Tata Motors also see substantial growth. Tata Motors' retail sales were 32, 909 units in February, which is more than the 21, 286 units in February 2021. Market share increased by 13.82 percent, from 8.24 percent.

It has seen a substantial increase in market share, going from 8.24% to 13.82%. There is also growth in passenger cars and EVs. The Mahindra XUV700 and Thar have seen growth as well. It helped to boost retail sales on February 22, from 16,906 to 14, 941 units. It increased its market share from 5.78 percent to 7.10 percent.

We also see a dip in sales of Kia cars in India. It was reduced to 13, 259 units in the last month. It has a sales volume of 15,190 units in February 2021. Its Seltos were good sales. There are good sales for its new launch, Carens. They also expected a notable increase in sales this month.

It also increased the sales of VW. The company sold 4028 units in February 2022. The other companies have also grown in their sales. Nissan India has sales of 2456 and Jeep has sales of 1020 units. This data shows there is a slight dip in sales of some brands. Overall, sales were good in the past month. The automaker also hopes for good growth in sales this month.

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