Car battery sales in August 2023 in India

August 2023 car battery sales in India. Check out the report and insights.

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Car Battery Sales in India Rise in August 2023, Driven by High Demand for Automobiles

The car battery market in India experienced notable growth in August 2023, primarily due to increasing demand for automobiles across various segments. The Automotive Battery Manufacturers Association reports that the Indian car battery industry generated an estimated revenue of Rs 15,000 crore ($2.1 billion) in 2019-20, with exports reaching around Rs 2,500 crore ($0.35 billion).

Anticipating continued growth, driven by rising vehicle production and sales, especially in passenger cars and SUVs, the industry is poised for further expansion in the coming years. Also to check out car batteries for your own car you can visit battery.carbike360.com.

Maruti Suzuki's Record-Breaking Performance

One of the key factors that contributed to the surge in car battery sales in August 2023 was the remarkable performance of Maruti Suzuki India Limited, the country's largest car manufacturer.

The company reported selling approximately 1,89,082 units in August 2023, marking a significant increase from the 1,65,173 units sold in the same month the previous year. This impressive 14% year-on-year growth was attributed to robust demand for models like Swift, Baleno, WagonR, Alto, and Dzire.

Hyundai's Growth in Domestic Sales

Hyundai Motor India Ltd. (HMIL), another major player in the Indian automobile market, also achieved substantial growth in its domestic sales during August 2023. The company recorded an 8.72% increase in sales, with 53,830 units sold compared to 49,505 units in August 2022. The popularity of models such as Creta, Venue, i20, and Grand i10 Nios contributed significantly to this growth.

Meeting Demand in Premium and SUV Segments

The growth of the passenger car segment led to increased demand for car batteries in the premium and SUV categories. In response, several car battery manufacturers launched new products tailored to these segments.

For instance, Anytime Batteries, a well-known car battery and inverter battery dealer and distributor in Delhi NCR, offers a wide range of car batteries from reputable brands such as Amaron, Exide, Luminous, and SF Sonic. The company emphasizes that its batteries provide superior performance and durability for various types of vehicles.

Industry Challenges and Adaptations

Despite the growth, the car battery industry in India faces challenges, including a shortage of raw materials, the imposition of anti-dumping duties on lead acid battery imports from China and Vietnam, and mandatory norms for recycling and disposal of used batteries.

To tackle these challenges, the industry is actively investing in research and development, automation, and innovation. Car battery manufacturers are also exploring new export markets and expanding their product portfolios to cater to diverse customer needs.

Overview of Car Sales in India in August 2023

While specific car battery sales data for August 2023 is not available, information on overall car sales in India during that period may provide insights into car battery sales. Here is a summary of what was found:

• Maruti Suzuki achieved its highest-ever monthly sales volume of 1,89,082 units in August 2023, driven by strong demand and new SUV models.
• Hyundai reported an 8.72% year-on-year growth in its domestic sales, selling 53,830 units in August 2023.
• Tata Motors recorded a 3.5% drop in its total monthly domestic passenger car sales in August 2023 but experienced international business growth.
• Overall passenger vehicle sales in August 2023 reached about 3,60,897 units, a 9.7% increase compared to the same month in the previous year.

Promising Future Outlook

The car battery market in India is expected to sustain its growth momentum in the coming months, especially with the festive season approaching and the economy continuing to recover from the impact of the pandemic. The increasing preference for personal mobility, coupled with the availability of various financing options, is likely to further boost both automobile and car battery sales in India.

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