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Hyundai overtakes Tata Motors as India's 2nd largest PV player; Renault, MG see sales drop
Date: 03/08/2022

Despite Tata Motors recording a significant yearly growth of 57 per cent in July 2022, South Korean auto-manufacturer Hyundai has pulled ahead of the homegrown carmaker, crossing the 50,000 mark for the first time since March 2021. The country's largest homegrown car manufacturer Maruti Suzuki India (MSI) has managed to retain its top spot in India's passenger vehicle segment, in terms of dispatches to dealers in the country, revealed the latest data from the Federation of Automobile Dealers Associations (FADA). Maruti managed to dispatch 1,42,850 units in July 2022, up 7 per cent compared to 1,33,732 units in July 2021. The company, despite the increase in total sales, stated that the shortage of electronic components had a minor impact on the production of vehicles, mainly domestic models and the company had also taken all possible measures to minimise the impact . Despite Tata Motors recording a significant yearly growth of 57 per cent in July 2022, South Korean auto-manufacturer Hyundai has pulled ahead of the homegrown carmaker, crossing the 50,000 mark for the first time since March 2021 and has placed itself as India's second-largest player in the passenger vehicle segment. Hyundai managed to sell 50,500 units last month, up 5.1 per cent against 48,042 units in July 2021. Tata Motors, on the other hand, achieved its highest-ever monthly sales of 47,505 units and has slipped to the third spot. Tata sold 30,185 cars in July 2021

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