MUMBAI, Mar 2 (NNN-PTI) – Indian auto companies reported a mixed trend in Feb monthly domestic sales, with Tata Motors and Mahindra reporting growth, while the country’s largest passenger car maker, Maruti Suzuki, showing a marginal decline, as per the filing with the bourses yesterday.<\/p>\n\n\n\n
The Feb sales figures for Tata Motors grew by 47 percent to 39,981, while Mahindra reported an 80 percent rise to 27,663 units, over the corresponding month, last year.<\/p>\n\n\n\n
However, Maruti Suzuki reported a 6.7 percent drop, in Feb domestic sales to 137,607 units, over the same month last year.<\/p>\n\n\n\n
“The shortage of electronic components had a minor impact on the production of vehicles, which are primarily sold in domestic market. The Company took all possible measures to minimise the impact.” Maruti Suzuki said, in its statement.<\/p>\n\n\n\n
Commenting on the monthly performance, Veejay Nakra, chief executive officer of the automotive division of Mahindra & Mahindra, said, “We expect demand to continue to remain strong, as the COVID-19 situation eases further. We continue to closely monitor the semiconductor related parts supply, and take corrective action as appropriate.”<\/p>\n\n\n\n
Indian auto sales have been marred so far this financial year (Apr-Mar), due to price-hikes, pandemic related challenges, such as, lockdown, along with supply chain issues, like non-availability of semi-conductors.– NNN-PTI <\/p>\n","protected":false},"excerpt":{"rendered":"
MUMBAI, Mar 2 (NNN-PTI) – Indian auto companies reported a mixed trend in Feb monthly domestic sales, with Tata Motors and Mahindra reporting growth, while the country’s largest passenger car maker, Maruti Suzuki, showing a marginal decline, as per the filing with the bourses yesterday. The Feb sales figures for Tata Motors grew by 47 […]<\/p>\n","protected":false},"author":10,"featured_media":166426,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[215,300,286,297],"tags":[],"_links":{"self":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts\/166420"}],"collection":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=166420"}],"version-history":[{"count":2,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts\/166420\/revisions"}],"predecessor-version":[{"id":166427,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts\/166420\/revisions\/166427"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/media\/166426"}],"wp:attachment":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=166420"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=166420"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=166420"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}