Nissan and Renault have each seen gross sales de-growth in June 2023. While Nissan gross sales fell 27 % YoY, Renault gross sales have been down by 42 % YoY. MoM gross sales additionally fell 3 % for Nissan however improved by 18 % within the case of Renault.
Nissan at the moment has the only providing of Magnite in its firm portfolio because the Kicks was discontinued earlier this 12 months on account of latest BS6 Phase 2 emissions laws. The Renault lineup consists of the Triber, Kiger and Kwid.
Nissan Sales June 2023
Nissan Motor India gross sales in June 2023 dipped 27 % YoY with 2,552 models of the Magnite bought in the course of the month. This was down from 3,515 models bought in June 2022. MoM gross sales additionally remained within the purple with 3 % decrease gross sales when in comparison with 2,618 models bought in May 2023. Nissan Kicks is now not on sale.
Nissan Magnite not too long ago achieved a milestone manufacturing of 1 lakh models which have rolled off manufacturing strains from its Alliance plant, RNAIPL, in Chennai, India. In June 2023, the corporate additionally unveiled the brand new Magnite GEZA Special Edition which pulls inspiration from Japanese theatre and expressive musical themes.
Renault India Sales June 2023
Renault India at the moment instructions a 1.7 % market share, down 1.2 % when in comparison with 2.9 % held in June 2022. Sales have dipped as a lot as 42 % YoY with each mannequin within the firm lineup posting a YoY de-growth although efficiency improved 18 % on a MoM foundation.
The firm bought 5,450 models in June 2023, down from 9,317 models bought in June 2022 whereas gross sales in May 2023 had been at 4,625 models. Earlier this 12 months, the 2023 Renault Kwid, Kiger and Triber have been launched, up to date to new norms the fashions at the moment are Phase II of BS6 emission compliant whereas in addition they meet RDE norms (Real Driving Emission).
Renault Triber topped the record with 2,257 models bought final month, down 33 % from 3,346 models bought in June 2022. MoM gross sales improved by 7 % from 2,115 models bought in May 2023. Kiger, Renault’s present flagship mannequin and a sub-4m compact UV, noticed its gross sales fall 46 % YoY in June 2023. There have been 1,844 models bought prior to now month, down from 3,411 models bought in June 2022. MoM gross sales improved by 8 % from 1,713 models bought in May 2023.
Kwid gross sales fell by 47 % to 1,349 models final month. This was in opposition to 2,560 models bought in June 2022. MoM gross sales improved by 69 % over 797 models bought in May 2023. Earlier this 12 months, Renault and Nissan had introduced a recent funding of $600 million (Rs 5,300 crore) into R&D and likewise to usher in a sequence of latest launches in India which will even embrace EVs.