COVID-19 had hit the Indian automobile market hard. After witnessing humongous losses in the past few months, the automobile market is finally pacing up. With each passing month, the sales of vehicles are increasing bit by bit. The month of October has been the luckiest one for the three major market rulers – Tata Motors, Maruti Suzuki, and Hyundai Motor India.
The total sales of Maruti Suzuki is 1,82,448 units in the month of October. The brand has witnessed a growth of 18.9% as compared to October 2019.Its domestic sales stood for around 1,66,825 units. This is the highest sale it has ever experienced in a single month. Also, it exported around 9586 units last month. The majority of the sales happened in the compact car segment, for instance, Dzire, Baleno, Ignis, Celerio, Maruti WagonR, Tour S, etc. Maruti Suzuki sold around 25,396 units of UV space vehicles, 1422 units of Ciaz middle-sized sedan, and 28462 units of Alto hatchback.
Hyundai Motor India witnessed the sale of 56,606 units this October. In October 2019, it was just 50,010. Its year-on-year growth is about 13.2 %. The exports this month have resulted in the cumulative growth of around 68,835 units. Models like Verna, Aura, Nios, and Venue have helped the South Korean company witness the highest ever monthly sales.
Tata Motors, as usual, adhered to the position of third-largest carmaker company in October 2020. In October 2019, it witnessed a sale worth 10,431 units. Fast forward to October 2020, and the company sold about 23,600 units this time. The growth percentage is around 79.20%. Tata Motors last experienced a sale above this limit about 99 months ago.
Hopefully, in the coming times, things will get better further, with the upcoming launch of various new models.
