Maruti, Hyundai post decline in November sales on chip shortage

With semiconductor shortage continuing to impact production, top passenger vehicle makers Maruti Suzuki India and Hyundai Motor India reported decline in wholesales in the domestic market in November 2021.

However, homegrown major Mahindra & Mahindra and Tata Motors along with Toyota Kirloskar Motor (TKM) posted increase in their respective domestic passenger vehicles wholesales last month.

Maruti Suzuki India Ltd (MSIL) said its total domestic sales were down 18% at 1,17,791 units last month as compared to 1,44,219 units in November 2020.

"The shortage of electronic components had a minor impact on the production of vehicles during the month. The shortage primarily affected the production of vehicles sold in the domestic market. The company took all possible measures to minimise the impact," MSIL said in a statement.

Similarly, Hyundai Motor India Ltd said its domestic sales were down 24% to 37,001 units, against 48,800 units in November 2020, the company added.

On the other hand, M&M said its domestic passenger vehicle sales were up 7% at 19,458 units last month, compared to 18,212 units in November 2020.

"Our growth in SUVs continues with an 8% increase in the month of November. The demand remains strong across our product portfolio of SUVs, pickups, and small commercial vehicles," M&M Chief Executive Officer Automotive Division Veejay Nakra said.

He further said, "The issues around semiconductor related parts continue to remain a challenge for the industry. We are monitoring the situation closely and taking appropriate steps."