While the passenger vehicle industry had projected a YoY growth of 17.7% in terms of Wholesales (source); the registrations have degrown by -4.5% in Jan’21 v/s Jan’20. FADA says non-availability of vehicles due to scarcity of semiconductors, a fading pent-up demand and recent price hikes coupled with no festivities and auspicious days landed January registrations in negative zone.
OEM wise Passenger Cars Market Share Data for January 2021 with YoY comparison –
Source: FADA Research
Maruti Suzuki reported -2.2% drop in Market Share YoY and Market Share fell to 49.2% in January 2021.
Hyundai ranked second and recorded an increase in Market Share of 1.5% – The Market Share increase was one the highest for Hyundai.
Tata had an impressive month where both Wholesale & Retails were better. Tata Motors registered a YoY increase of stellar 40.1% and was one of the highest in Jan’21. It also increased its Market Share by 2.6% in Jan’21 v/s Jan’20
Mahindra’s Market Share loss was one the highest in January 2021. The Indian major’s market share dropped by -1.2% in Jan'21 v/s same period last year.
Kia is on a roll. It is already commanding a Market Share of 5.1% – Sonet has helped Kia strengthen its hold in the Indian market even further and it grew 45.2% YoY.
Note:
1- The above numbers do not have figures from AP, MP, LD & TS as they are not yet on Vahan 4. 2- Vehicle Registration Data has been collated as on 07.02.21 and in collaboration with Ministry of Road Transport & Highways, Government of India and has been gathered from 1,273 out of 1,480 RTOs.