Maruti Suzuki Sales Fall 4% In January 2022

Posted On Wed, February 16, 2022, 5:34 PM
The automotive sector of India has a share in economic growth. The sales of cars slightly slipped in January 2022. The primary reason is a shortage of microchips.
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Automobiles are the most important industry in India. It plays a crucial role in economic growth. There is a global automotive market in India. We know many car brands for their vehicles worldwide. 

It becomes the fourth largest sector in the world. Many car brands will invest because the road network is also good. It becomes easy to launch many models because buyers are more interested in buying the latest models with advanced features.

According to data, 23 million vehicles were produced in a financial year in 2021. The sale of new cars was in decline from 2020 to 2021. It is because of a pandemic. This sector also hit badly because manufacturing and dealings are closed. They declined the sale of cars. There is also a shortage of chips and other spare parts.

Maruti Suzuki dominates the market in sales. It has a 50 percent share of sales.  The sales of its new cars were also good in January this year. It also increased sales from last January. The sales of Hyundai, Tata, Mahindra also increased last month. They are also game-changers in this sector. It is a good signal for the automotive industry. All these brands have top-selling cars.

According to the sources of Maruti Suzuki India, they sold 154,379 units in January. It is good sales, but it is a slight slip from last year's sales in January. They sold 160,752 units in January 2021. The dip in sales is because of the supply chain crisis. There is also a shortage of microchips, which is also a reason for slight dips in sales. The same scene is with Hyundai, Tata, Mahindra.

The air quality of many cities in India is bad. Many automakers come with EV cars. These cars help to reduce air pollution in the air. These cars also save energy. 

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This press release is posted under categories India, Business, Automobile

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