Around 2,76,191 mass-market passenger cars were registered in India for the month of March 2021. It was a 33% increment over Mar’20.
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Maruti Suzuki gained the highest Market Share and registrations saw an increase of 37.2% YoY.
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Tata Motors recorded one of the highest YoY growth and its Market Share shot from 8% in Mar’20 to 8.9% in Mar’21.
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Hyundai India sales too improved and was able to grow 39.9% YoY in Mar’21.
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The other sibling, Kia too grew a healthy 59.6% YoY and recorded a Market Share increase of 0.9%.
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Mahindra registered the highest YoY degrowth and also lost over 3.9% Market Share YoY.
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With the help of Maruti rebadged models & updated Fortuner – Toyota registered 68.3% YoY growth.
We have also compared Retails v/s Registrations to get a better overview of the Cars Sales in Mar’21 –
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Do note that the Retail volumes may seem much lower than WS – It is primarily due to the data unavailability from AP, MP, LD & TS RTOs as they are not yet on Vahan 4. Hence we compare the Market Share of WS v/s Retail for better assessment.
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Maruti Suzuki’s Retail Market Share was higher in Mar’21 (when compared to WS Market Share). This indicates Maruti’s Retails were better when compared to the dispatches/WS.
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Hyundai too reported a better Retail Market Share vis-a-vis WS Market Share.
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Tata’s Retail Market Share is visibly lower – The possibility is that the dispatches may have happened in the later part of Mar’21 to stock up for Ugadi/Gudi Padwa.
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The difference in Ford Retail MS v/s Wholesales is the highest – Seems the American OEM have pushed stocks to the channel.
