Leading automotive manufacturers’ September sales got severely hampered by semiconductor shortage on a year-over-year basis. The semiconductor or microchip shortage hindered the industry’s production rates, resulting in longer wait times and higher pricing.Â
Automobile sales suffered a setback in September due to rising input costs and a consequent supply of semiconductors. The situation gets evidenced by the automakers’ September sales figures, which were released on Friday.
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In September, new additions to the luxury sedan catalogue aided Nissan and Skoda in increasing sales; nevertheless, increases in the pricing of electronic equipment such as semiconductors used in automobiles hampered their sales.Â
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The festival season in Kerala, which begins with Onam, has reason to be optimistic about its sales prospects. As per the norms, automakers publish their sales figures on the first day of the following month.Â
Maruti Suzuki‘s sales dropped by almost 46.2 per cent YoY.Â
From a year-over-year perspective, Maruti Suzuki’s total sales decreased by 46.2 per cent to 86,380 vehicles in September. For the same timeframe, domestic sales fell 54.9 per cent to 68,815 units.
A lack of semiconductors shortage in the automobile industry, according to the Indian automaker, is to blame for the drop in sales.Â
Tata Motors sales increased by 26% year on year during September
According to the company, from a year-over-year perspective, total sales increased by 26% to 55,988 units in September. Girish Wagh, Executive Director, Tata Motors, said that the semiconductor shortfall impacts the global auto industry.
In September, the impact of supply shortages caused by limitations in East Asia persisted, resulting in a reduction in output and offtake levels.
The situation is unpredictable, and they are continuing to work through an agile, multi-pronged strategy to minimize the effects on their customer orders.
Auto sales for Mahindra and Mahindra decreased by 21.7 per cent YoY
From a year-over-year perspective, Mahindra and Mahindra’s overall auto sales declined by around 21.7 per cent to 28,112 in September 2021. Sales were down 8.09 per cent from the prior month.
In a news release, Mahindra and Mahindra CEO Veejay Nakra remarked that semiconductor supply concerns continue to be a problem for the global auto sector.
They have made many efforts to lessen the impact and handle the issue in the best way possible.
Bajaj saw a 16 per cent drop in sales
According to the business, domestic sales dropped 16 per cent in September compared to the same month last year. It sold a total of 1,92,348 units in domestic sales.
Domestic sales for Skoda India increased by double
Skoda India reported a two-fold increase in sales in September compared with the same month last year. In September, it sold 3,027 units, thanks to the success of its new SUV, Kushaq.
In September 2021, the newly introduced SUV surpassed the 10,000 bookings mark. This year’s midsize SUV got released in June.
Nissan’s domestic sales increased more than threefold
Compared to last year’s same period, the manufacturer more than tripled its domestic sales to 2,816 vehicles.
According to the company, the company’s domestic sales were 18,591 units throughout the first half of the year.
Nissan also announced that it had received 65,000 client bookings for its SUV, Nissan Magnate. It alluded to the festive season’s good impact.
The company did, however, admit a supply shortage with semiconductors. Rakesh Srivastava, Managing Director, Nissan Motor India Ltd., stated that.
The supply-side difficulty has been semiconductor constraints. They continue to engage with supply chain providers to deliver more of the game-changing SUV Nissan Magnate to excite the Customers.
Toyota saw a 14 per cent increase in domestic sales
From a year-over-year perspective, Toyota Kirloskar Motors had a 14 per cent increase in domestic sales in September, reaching 9,284 vehicles. The company had declared that starting October 1, and it would raise its pricing by up to 2%.
