PV segment reports healthy volumes in February 2022
News: For February 2022, Maruti Suzuki (MSIL) sales volume jumped 6.3% MoM at 1.6 lakh units. Tata Motors reported muted reading with volumes down ~2% MoM at 40,181 units. While M&M's volume growth stood robust at 38.6% MoM at 27,663 units.
Views:MoM growth trend was broadly maintained in the PV segment amid robust demand prospects. Product mix continues to deteriorate at MSIL with UV sales witnessing a decline of 4.7% MoM while the mini & compact segment registered growth of 8.2% on MoM basis. At Tata Motors, EV volumes were down marginally by 2% at 2846 units. For the month, volumes at M&M were a key surprise and came in at a high primarily tracking robust order book across its products in the SUV sub-segment