Because of the high demand, the overall car sales for passengers in February surpassed the mark that was 3.35 thousand vehicles. Every major manufacturer of vehicles has recorded an increase in sales year-on-year basis. Comparing to the year before the sales for all vehicles were up 11 percent to reach 3.35 lakh units in the month of February. This is an all-time record that wholesalers have sold cars during February. We have provided you with an overview of the top five selling car businesses in the month of February.
1. Maruti Suzuki – 1,55,114 units
The country’s top car maker Maruti Suzuki India (MSI) recorded a rise of 11 percent in wholesale sales in the Indian market, with 1,55,114 units, compared to 1,403,035 units sold in the same month in the previous year. In February 2023, sales of the decreased by 28 percent to 17,207 vehicles compared to 24,021 units last year.
2. Hyundai – 47,001 units
Hyundai Motor’s revenue in the Indian market also increased by 7 percent, reaching 47,001 units. In February 2022, the number of 44,050 units. The company also said that during February 2023 the company also shipped 10,850 cars to India which is 19 percent higher than 9,109 vehicles one year before.
3. Tata Motors – 43,140 units
Domestic car manufacturer Tata Motors said that its passenger vehicle sales (including electric vehicles) in the market for domestic vehicles were 43,140 units during February. The same month a year ago, the figure of 40,181 units.
4. Mahindra and Mahindra – 30,358 units
Mahindra and Mahindra (M&M) offered 30,358 passenger cars in the Indian market in February, a rise of 10% from 27,663 vehicles in the same month last year. Vijay Nakra, head of M&M’s automotive division stated that the percentage of SUVs in its sales is vital. The newly introduced Thar RWD and XUV400 are also receiving good reviews from customers.
5. Kia India – 24600 units
Kia India’s wholesale sales on the domestic market grew by 36 percent over the course of the year at 24,600 units. Kia’s director of marketing and sales Hardeep Singh Brar said that Kia’s 35.8 percent growth when compared with the market’s 10- percent increase reflects confidence among consumers.
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