In July's competition, Mahindra dominates wholesale sector, Hyundai reigns supreme in retail, and Tata sets an electric vehicle record
In a significant shift in the Indian automotive market, Hyundai Motor India has overtaken both Mahindra and Tata Motors in vehicle registrations in the retail market, according to Vahan data. Hyundai's consistent demand for its SUV range, such as the Creta, played a crucial role in its success.
In July, Hyundai dispatched 43,973 units of passenger vehicles in wholesale sales, while Hyundai's retail registrations stood at 42,661 units. The company also exported 16,100 units of passenger vehicles, bringing its total dispatches to 60,073 units.
Mahindra, on the other hand, dispatched 49,871 units of passenger vehicles in wholesale sales in July, with 41,476 units registered in retail sales. Mahindra's SUVs, including the Scorpio, accounted for a significant portion of these sales, with 49,871 units of SUVs dispatched in the domestic market, marking a 20% increase year-on-year.
Tata Motors dispatched 40,175 units of passenger vehicles in wholesale sales in July, with 39,795 units registered in retail sales. While Tata Motors did not outperform Hyundai in July, the company has shown impressive growth, particularly with models like the Nexon.
Unfortunately, specific data for July 2022 was not available for a direct comparison of Hyundai's retail performance versus Mahindra and Tata Motors in India. However, looking at historical data, Hyundai has consistently ranked high in Indian automotive sales due to its strong SUV portfolio. Mahindra, another significant player in the SUV segment, has shown variable performance, sometimes being overtaken by Hyundai in retail sales. Tata Motors has intermittently surpassed Hyundai in sales, especially in recent months.
For a more detailed comparison of the companies' performance in July 2022, accessing historical sales reports or automotive industry publications would be essential. It's worth noting that Hyundai achieved the highest SUV share (71.8%) in its domestic sales in July, which is the highest SUV share Hyundai has ever achieved in India.
As for electric vehicles (EVs), Tata Motors is pushing forward in EV leadership, achieving a record 7,124 units of EV sales in July. Hyundai did not provide specific figures for its EV sales in July.
It's important to note that no information about upcoming Mahindra or Tata models was provided in this article. For the most accurate and up-to-date information, consult automotive sales reports or industry publications.
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