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India's Auto Sector Navigates a Mixed August: SUVs Shine, Exports Dip Amidst Varied Performances

  • Nishadil
  • September 02, 2025
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  • 2 minutes read
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India's Auto Sector Navigates a Mixed August: SUVs Shine, Exports Dip Amidst Varied Performances

August 2023 presented a compelling and often contrasting picture for India's automotive giants. While some segments like Utility Vehicles and Electric Vehicles surged ahead, buoyed by robust domestic demand, the broader landscape revealed a more nuanced performance, with exports in particular facing considerable headwinds.

The latest sales figures from the industry's titans reflect a dynamic market grappling with evolving consumer preferences and global economic shifts.

Leading the charge, Maruti Suzuki India posted a marginal 1.3% increase in total sales, reaching 189,082 units. Domestically, the story was stronger, with sales climbing 14% to 156,143 units.

The star performers were undoubtedly their SUV and MPV offerings (Brezza, Grand Vitara, Ertiga, XL6, Fronx, Jimny, Invicto), which collectively saw a remarkable 126% jump, selling 58,746 units. However, this growth was partially offset by a significant 32% decline in the compact segment (Baleno, Celerio, Dzire, Ignis, Swift, WagonR) and a hefty 22.8% drop in exports, indicating a mixed bag for the market leader.

Hyundai Motor India, on the other hand, enjoyed a more uniformly positive August, reporting a robust 15% surge in total sales to 71,436 units.

Their domestic sales climbed 9% to 53,830 units, while a strong export performance saw a 29% increase to 17,600 units, showcasing their balanced market strategy.

Tata Motors continued its impressive run in the Passenger Vehicle (PV) segment, witnessing a 6% increase in overall PV sales to 45,906 units.

A standout was their Electric Vehicle (EV) division, which powered ahead with a substantial 55% growth, selling 6,236 units. However, their Commercial Vehicle (CV) segment experienced a 4% dip in total sales, settling at 32,075 units.

Mahindra & Mahindra's automotive division also registered strong growth, with total vehicle sales soaring 25% to 70,350 units.

Their Utility Vehicles led the charge with a 24% increase, moving 37,270 units. Commercial Vehicles also contributed positively with a 9% rise. The farming sector, however, presented a challenge, as tractor sales declined by 8%.

In the commercial heavyweights, Ashok Leyland reported a healthy 10% increase in total sales, reaching 16,108 units.

Both their Medium & Heavy Commercial Vehicles (M&HCV) and Light Commercial Vehicles (LCV) segments performed well, growing by 10% and 11% respectively.

The two-wheeler sector presented its own set of challenges and triumphs. Bajaj Auto saw an overall 15% decrease in total sales to 326,802 units.

While domestic sales showed strength with a 20% increase, a significant 32% slump in exports impacted their overall figures. Similarly, TVS Motor Company experienced a modest 5% overall growth to 337,364 units. Domestic two-wheeler sales grew by 7%, but exports saw a 5% decline. Their three-wheeler segment, however, bucked the trend with a healthy 17% rise.

Overall, August 2023 underscored the complex dynamics of the Indian automotive market.

While strong domestic consumption, particularly in the SUV and EV categories, provided significant momentum, a weaker export environment and varied performance across different vehicle types painted a picture of both resilience and areas requiring strategic focus. Automakers will continue to adapt to these evolving market forces as they navigate the remainder of the fiscal year.

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