Around 2,76,412 passenger cars were sold in the Indian market for December 2020. The sales increased by 17.7% in Dec’20 v/s Dec’19.
It is encouraging to see the Indian Passenger Vehicle industry recording growth FIVE months in succession. After a 19.6% YoY growth in Aug (source), 31.14% growth in Sep’20 (source), 17.5% growth in Oct’20 (source) and 8.8% growth in Nov’20 (source) – the industry has registered almost 18% YoY growth in Dec’20. Do note that the growth is against a low base in last year due to BS6 transition. However; a lot of fast selling models are now commanding a waiting period of 2-9 months which is a very positive sign for the industry.
OEM-wise Sales Snapshot for December 2020 –
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Maruti Suzuki retains >50% Market Share in Dec’20. However; its MS plummeted by -1.4% YoY.
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Tata Motors continues its dream run and grew a phenomenal 84% YoY and the growth was one of the highest in the Industry! Tata Motors also recorded the highest Market Share growth in Dec’20 (it jumped from 5.4% in Dec’19 to 8.5% in Dec’20).
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Kia Motors India volumes saw a 154% YoY increase. But; it was pushed to FIFTH position in the table. M&M regained its fourth spot and was a comfortable >4.2k units ahead of Kia.
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Hyundai grew a moderate 25% YoY and held to its Market Share by 1% v/s Last Year.
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MG crossed 4k volumes for second consecutive month! Its YoY growth was a stellar 32.7% and overtook the likes of VW & Ford in Dec’20!
Market Share Graph for December’20 –
