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The country’s largest passenger vehicle (PV) maker, Maruti Suzuki India, on Saturday, reported marginal growth in its domestic wholesales (dispatches to dealers) of 1,60,791 units in February, compared with 1,60,271 units in the corresponding month last year. The growth was largely driven by Maruti’s sports utility vehicle (SUV) sales and marriage season demand during the month.
Overall, the industry sold around 3.81 lakh PVs during the month as compared with 3.72 lakh units in the corresponding month last year.
“This year we have been able to cross the two-million (20,41,282 units as against 19,48,127 units) in total sales within 11 months (April-February). In the domestic market we are seeing good sales for our sports utility vehicles (SUVs) which can be seen in the month of February as well. In February our SUVs, especially Brezza and Fronx, continue to see strong demand with Fronx achieving its highest-ever monthly sales of over 21,000 units,” Partho Banerjee, Senior Executive Officer, Marketing & Sales, Maruti Suzuki India, said.
The company’s CNG vehicles maintained their demand momentum with a 37 per cent growth rate for the month, he added.
Mahindra & Mahindra (M&M) reported domestic wholesales of 50,420 units in February, a growth of 19 per cent year-on-year (y-o-y) as compared with 42,401 units in the same month last year, led by better demand from Thar Roxx and the newly launched electric vehicles — BE 6 and XEV 9e — whose bookings started in February for the top-end variants.
“In February, we clocked SUV sales of 50,420, a growth of 19 per cent and 83,702 total vehicles, a growth of 15 per cent. This strong performance is a result of a continued positive momentum for our SUV portfolio, ”Veejay Nakra, President, Automotive Division, M&M, said.
‘Fortuner’ maker Toyota Kirloskar Motor (TKM) also reported a growth of 13 per cent y-o-y to 26,414 units in domestic sales during the month as compared with 23,293 units in February 2024.
“Multi-purpose vehicles (MPVs) and SUVs continue to be the primary growth drivers, contributing 68 per cent to overall sales. The strong demand for models such as the Innova Crysta, Innova Hycross, Urban Cruiser Hyryder, Hilux, Fortuner, Legender, and Rumion reflects the growing preference for reliable and quality products,” Varinder Wadhwa, Vice President, Sales-Service-Used Car Business, TKM, said.
Kia India also maintained its upward trajectory registering sales of 25,026 units during the month, a y-o-y growth of 24 per cent compared with 20,200 units sold in February last year. With over 20,000 bookings, the recently launched Kia Syros registered strong sales of 5,425 units in February, further strengthening its appeal among Indian consumers, the company said.
“Kia India continues to grow steadily, driven by strong customer demand and our commitment to delivering cutting-edge mobility solutions. The overwhelming response to the Syros reaffirms our belief that Indian consumers seek the best in automotive excellence, with 46 per cent of buyers opting for top variants. At the same time, our core models (Sonet, Seltos, and Carens) continue to witness strong sales number, highlighting their enduring popularity across segments,” Hardeep Singh Brar, Senior Vice President and Head of Sales and Marketing at Kia India, said.
However, Hyundai Motor India (HMIL) reported a five-percent year-over-year decline in its domestic sales to 47,727 units in February, compared with 50,201 units in the corresponding month last year due to mild hatchback demand.
“We are witnessing increasing global demand for our Made-in-India products, reflecting Hyundai’s strong acceptance worldwide. By optimising exports, we will continue to reinforce HMIL’s position as a key export hub for Hyundai Motor Company. On the domestic sales front, despite geopolitical challenges, we remain optimistic that the proposed tax reforms in the Union Budget 2025 and improved liquidity will provide the much-needed demand boost to the market,” Tarun Garg, Whole-time Director and Chief Operating Officer, HMIL, said.
‘Punch’ maker Tata Motors’ sales also declined by of 9 per cent y-o-y to 46,435 units in the domestic market in February as compared with 51,267 units in February 2024 because of competition from other players in the EV segment.
In the two-wheelers segment, TVS Motor Company reported a y-o-y growth of three per cent to 2,76,072 units in February as compared with 2,67,502 units in February 2024.
Royal Enfield reported a growth of 19 per cent y-o-y to 80,799 units during the month as against 67,922 units in February last year.
However, Suzuki Motorcycle India reported a decline of 12 per cent y-o-y to 73,455 units in February as compared with 83,304 units in the corresponding month last year.
In the two-wheeler segment, while TVS Motor Company and Royal Enfield reported growth in sales during the month, Suzuki Motorcycle India reported a decline of 13 per cent in its sales.
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Published on March 1, 2025
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