Maruti Suzuki and Tata Motors Set for Record Sales as Festive Demand Soars in October

Maruti Suzuki India and Tata Motors are poised for record-breaking retail sales in October, driven by heightened demand during the festive season. Maruti Suzuki, the country’s largest carmaker, reported approximately 30,000 deliveries on a recent Tuesday, with an expectation of an additional 10,000 deliveries the following day. Partho Banerjee, Senior Executive Officer of Marketing & Sales at Maruti Suzuki, stated that the company anticipates reaching around 200,000 units sold this month, which would set a new all-time high, surpassing the previous record of 191,476 units achieved in October 2020. This surge in sales is expected to reduce inventory levels from the current 36-37 days to about 30 days.

Tata Motors is also experiencing significant growth, with Managing Director Shailesh Chandra noting a 30% increase in registrations compared to October of last year. He highlighted that this month is projected to be the highest ever for the company, with plans to deliver over 15,000 vehicles on Dhanteras, supported by strong demand across its product portfolio, including several new launches.

In the luxury car market, Mercedes-Benz India reported achieving its best-ever sales on Dhanteras, aided by new launches such as the LWB E-Class and strong sales of models like the GLC, GLE, and GLS, resulting in a 10% sales increase from last year.

Other manufacturers are also reporting impressive numbers; Kia India delivered around 6,000 cars on Dhanteras, while MG Motor India announced over a hundred electric vehicles delivered in a single day in the Delhi-NCR region.

Overall, the Indian automotive industry is witnessing a significant surge in sales during this festive period, with companies capitalizing on consumer enthusiasm through attractive offers and new product launches. This trend reflects a positive outlook for the industry as it continues to recover and grow following the pandemic.

Disclaimer: The information provided in this article is for informational purposes only and should not be considered as financial or investment advice. Please conduct your own research or consult a financial advisor before making any investment decisions.