For October 2022, Maruti Suzuki (MSIL) sales volume de-grew 5.3% MoM at 1.65 lakh units. Tata Motors volumes were down 5.1% MoM at 45,423 units. M&M's volumes were down 6.4% MoM at 32,298
Numbers for the month came in lower than our expectations. Segment mix at MSIL deteriorated marginally with UV segment witnessing a decline of 4.9% MoM, a tad higher than mini & compact segment (3.1%). At Tata Motors, EV volumes were up 17% MoM at 4,277 units. Going forward, we expect volumes in the PV space to improve amid healthy order-book across OEMs
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