Car Market Share Dec 2021 – Maruti, Tata

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Car Market Share Dec 2021 – Maruti, Tata
Car Market Share Dec 2021 – Maruti, Tata

Major pandemic-related failures, a worldwide semiconductor scarcity, the implementation of new and stricter safety requirements, and an unexpected surge in demand for electric cars have all been among the challenges experienced by India’s biggest automakers in the previous year.

Maruti, Tata, and Hyundai, India’s top three manufacturers, held a near 75 percent market share among the top 15 OEMs. Maruti, Hyundai, Kia, and Renault all saw their market share drop year over year in the last month. Maruti and Tata, on the other hand, saw a significant gain in their MoM market share. Tata Motors’ sales have risen to an all-time high, allowing it to overtake Hyundai as India’s second best-selling carmaker.

Maruti Suzuki Market Share December 2021

Maruti Suzuki has the largest market share in India once again, despite a YoY decline but a MoM increase. Maruti’s market share fell 2.55 percent to 48.34 percent in the last month from 50.90 percent in December 2020. However, the MoM share grew by 3.60 percent from 44.75 percent in November 2021.

The company’s market position in the mid-SUV class is still small, and it has said that it would not introduce an electric vehicle in India until 2025. Maruti has announced that it would focus on flex-fuel vehicle development and the introduction of more CNG products in the Indian market for the time being.

Tata Motors was ranked second, with a 5.36 percent increase in market share year over year to 13.87 percent last month, up from 8.51 percent in December 2020. It was also a 1.73 percent gain over the previous month’s 12.14 percent. Hyundai Motor India, ranked third, had its market share fall from 17.14 percent in December 2020 to 12.70 percent in December 2021, the lowest in the class. In November 2021, the MoM market share was 15.09 percent, down 2.39 percent. Lower down the list, Mahindra (6.96%), Toyota (4.26%), and Honda (3.13%) all increased their market share year over year. Only Honda’s market share climbed 0.91 percent on a month-over-month basis.

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In December 2021, Kia India’s YoY and MoM market share fell to 3.06 percent and 2.73 percent, respectively, from 1.21 percent and 2.73 percent in December 2021. The Kia Carens has been introduced and will be on sale in India in early 2022, potentially increasing sales in the coming months. The Carens is expected to be priced between Rs 15 lakh and Rs 20 lakh, and will compete in its sector against the Hyundai Alcazar, Tata Safari, MG Hector Plus, and Mahindra XUV700. Even though Renault India, at No. 8, saw a 1.13 percent YoY decline in market share to 2.41 percent from 3.54 percent in December 2020, its MoM share increased by 0.35 percent from 2.06 percent in November 2021.

VW, Skoda and Nissan – Share Growth

VW (1.45 percent), Skoda (1.27 percent), and Nissan (1.27 percent) all saw increases in market share YoY and MoM. (1.18 percent). Skoda sales increased dramatically in December 2021 as a result of the debut of the Kushaq, which resulted in higher sales volumes, and the incoming Slavia is also likely to be warmly accepted in the nation. On a year-over-year basis, MG Motor’s market share declined 0.47 percent to 0.98 percent, while its MoM share fell 0.03 percent from 1.01 percent in November 2021. In addition to the ZS EV, MG Motor has revealed intentions to extend its battery-powered vehicle lineup. A crossover built on a worldwide platform will be the company’s second electric vehicle. Jeep ranked last on the list (0.36 percent). Trailing the list was Jeep (0.36 percent) and Citroen (0.01 percent) while Ford has announced its exit from India.

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