Passenger car sales in April on slow lane; Bad MSIL Show – The New Indian Express

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By Express press service

NEW DELHI: India’s largest automaker Maruti Suzuki (MSIL) sold fewer cars in the first month of FY2022-23 compared to the same month in the previous fiscal year. MSIL’s domestic passenger vehicle (PV) sales were 121,995 units in April 2022, compared to 135,879 units sold in April 2021. The automaker’s April 2022 sales are still lower than its March 2022 sales, when it shipped 1,33,861 units to the domestic PV market. .

“The shortage of electronic components has had a minor impact on the production of vehicles, mainly domestic models. The Company has taken all possible measures to minimize the impact,” MSIL repeated in a regulatory filing on Sunday.

The automaker said on Friday that production in fiscal year 22 was affected by an electronics component shortage of about 270,000 vehicles and that it has pending customer reservations of about 268,000 vehicles at the end of the year.

The sharp drop in April sales for MSIL also comes as demand for smaller cars continues to hit new lows. Sales of MSIL’s mini and compact segment last month were 76,321 units compared to 97,359 units in April 2021.

Maruti Suzuki India Chairman RC Bhargava said on Friday: “There is no more butter in small cars. We will have to change strategy. People with limited incomes are being squeezed out of the car market due to rising costs… The market for hatchbacks is shrinking dramatically.

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