Auto Sales August 2022: Nissan's Domestic Sales Fall 10.5% Month-on-Month

Nissan India reported cumulative sales 8,915 units in August 2022 of which 3,283 units were sold in the Indian market. Sales in the domestic market were relatively flat year on year posting a growth of just 2.3% over August 2021. Domestic sales however were down as compared to July 2022 (3,667 units). The carmaker saw sales decline by 10.5% month-on-month though exports were up from 4,670 units in July to 5,632 units in August 2022 - up about 20.6%.

Overall cumulative sales were up month-on-month by about 7%. Cumulative sales for the April to August 2022 period, meanwhile was up 29% year-on-year.

While domestic sales were down month-on-month, exports grew a notable 20.6%.

Commenting on the performance, Rakesh Srivastava, Managing Director, Nissan Motor India, said, “The love for the Big, Bold, Beautiful Nissan Magnite continues to grow with strong performance in domestic and export markets. This festive season looks strong on strong fundamentals, preference for personal mobility and normalcy of work-life balance. Anticipating the strong demand, Nissan has introduced the new Nissan Magnite Red-Edition with enhanced value at very attractive introductory price supported with increased production for more deliveries to the customers in the festive season.

The Magnite remains the company’s best-selling model in the country. The carmaker had in July announced that its subcompact SUV had received over 1 lakh bookings. The company also said that it has exported over 1 million units from India in July 2022. The company had commenced exporting from India back in September 2010.