auto news desk, March 2023 was beneficial for almost all the automakers. Car sales grew 27%, the fastest rate in a decade, due to an improvement in semiconductor supply. During this, the highest demand was for SUV cars.
Maruti Suzuki
Maruti Suzuki sold its all-time high 19.66 lakh car units in FY 2022-23. Which includes 17.07 lakh units in the domestic market and 2.59 lakh units as exports. In the financial year 2022-23, the company’s sales were 15.9% higher than in the financial year 2021-22. By March 2023, Maruti has sold a total of 1,70,071 car units. In March last year, the company had sold 1,70,395 units. The company registered a growth in sales of Brezza, Grand Vitara, Ertiga and XL6 despite a marginal drop in sales.
Tata Motors
Tata Motors records its highest ever sales of 5,38,640 units in FY 2022-23, up 45% over the previous fiscal. The company’s cars like Nexon, Punch, Harrier and Safari accounted for 66% of the total sales during that period. Till March 2023, the company has sold a total of 44,044 units, up 4% from 42,293 units in March 2022. During this period, Tata Motors continued to lead the EV segment with total sales of 6,509 units.
Mahindra & Mahindra
Mahindra & Mahindra has also sold a total of 66,091 units including 35,976 units of SUVs till March 2023, which is the company’s highest ever sales volume. The company registered a growth of 31 per cent in the SUV segment and 21 per cent in global sales. The company sold 3,59,253 units in FY 2022-23, up 60% from 2,25,895 units in the previous FY 2021-22.