InvestorQ : How were the major auto company numbers for the month of October 2021 in terms of sales numbers?
Arti Chavan made post

How were the major auto company numbers for the month of October 2021 in terms of sales numbers?

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Rutuja Nigam answered.
4 weeks ago
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The weakness in the auto numbers for October continued the September trend amidst a shortage of microchips and a spike in auto input inflation. Among the major auto companies, Maruti Suzuki reported 33% fall in auto sales at 108,991 units in Oct-21. The chip shortage forced several auto companies to temporarily halt production and Maruti has also been forced to do that at its Manesar and also its Gujarat plant.

The second largest auto manufacturer in India, Hyundai Motors, saw 37% fall in Oct-21 sales at 43,556 units, again due to the same reason of higher input costs and a shortage of microchips in the market. Even Tata Motors reported 30% fall in auto sales at 52,132 units in Oct-21 on a yoy basis. Most auto companies are seeing robust order bookings but dealer inventory is running as low as 1-2 weeks and may run out soon, creating a huge shortfall.

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