In an auto Passenger Vehicle Segment with more than 15 fiercely competitive players, we have only 5 car Manufacturers who have crossed the 1 lakh mark this Financial year. Cumulatively these 5 contribute to more than 83% of the PV Industry.
The Indian Passenger Vehicle Industry has seen a total volume of about 16,44,909 this financial year till date, ( April to October ). This was a strong performance despite the lockdowns and other challenges, the volume growth stood at 4,33,110 units when compared to the last year till date volume of 12,11,799
Interestingly we have only 5 OEMs who managed to cross the 1,00,000 mark YTD. The total share of these 5 OEMs stood at about 83.93% and continues to remain stable around this volume.
Maruti Suzuki does not come as a surprise because the monthly volumes by default are about 1,00,000 on a monthly basis. Similarly, Hyundai also consistently touches the 40,000+ mark and has managed to cross the 2,79,515 mark.
Cumulatively both Maruti and Hyundai control over 59% of the Indian PV Industry.
However, one needs to appreciate the trio of Tata, Mahindra, and Kia who continue to either hold or add volume and cross the 1,00,000+ within a period of 7 months. These 3 OEMs together contribute to about 24% of the Indian PV Industry.
With more new launches in the SUV segment and the Hatchback segment along with the rapid network expansion that is under progress, it is but obvious that the contribution from these OEMs is bound to grow from here on. This also is a reason to ponder for other OEMs who may be global leaders, but fail to make a significant mark in the Indian market.