Car Sales October 2021: Maruti Suzuki Records Double-Digit Sales Decline
The largest carmaker in the country- Maruti Suzuki has recorded a year-on-year sales decline of 24.18 per cent selling 1,38,335 units last month.
The semiconductor shortage issue has really played spoilsport this festive season. The largest carmaker in the country, Maruti Suzuki has recorded a year-on-year sales decline of 24.18 per cent selling 1,38,335 units last month as compared to 1,82,448 units it sold in the same month a year ago. And the double-digit drop in volumes is primarily attributed to the curtailment in production numbers due to chip shortage. In fact, the carmaker recorded a slump of 32.30 per cent in domestic sales selling 117,013 units in India last month as compared to 1,72,862 units sold in October 2020. Whereas surprisingly its exports numbers went up significantly by 122.42 per cent selling 21,322 units in the overseas markets as against 9,586 units sold in the same month last year.
In a statement, the company said, “While the shortage of electronic components continued to affect the production of vehicles during the month, the company took all possible measures to minimise the impact. Accordingly, the company sold more vehicles than the sales volume expected at the start of the month.” However, Maruti Suzuki still managed to sell more numbers of utility vehicles (SUVs + MPVs) in October 2021 and record a humble growth in the UV segment as compared to passenger cars where it has recorded a steep decline.