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Around 2,86,392 passenger cars were sold in the Indian market for April 2021. The sales declined by 10.6 percent in Apr’21 v/s Mar’21. This was primarily due to the resurgence of Covid cases in the country and multiple markets were under lockdown in the second half of April 2021.
Car sales fell below 3 Lakh units after four months and is a sign of the impact of the pandemic on car sales. Anticipating reduced demand and keeping employee safety in mind, multiple OEMs have decided to shut down their manufacturing in parts of May 2021. They are utilizing the time to either produce oxygen (source) or to conduct the annual plant maintenance. This time the Wuhan virus has hit the operations hard and we expect the sales to go further down in May 2021.
OEM-wise Sales Snapshot for April 2021 –
Maruti Suzuki recorded the highest increase in Market Share and gained 1.8 percent MS in Apr’21 v/s Mar’21. Maruti’s domestic volumes declined 7.1 percent in April 2021 over March 2021.
Hyundai India sales declined 6.8 percent M-o-M, while the Industry declined by over 10 percent. It helped Hyundai increase its Market Share to 17.1 percent in April 2021 against 16.4 percent Market Share in March 2021.
Tata Motors volumes dipped over 15 percent in April 2021 and the Market Share fell below 9 percent. Seems Tata had rationalized dispatches to optimize inventory levels at the dealers' end (source).
Kia India volumes fell 15.6 percent MoM and it lost 0.3 percent Market Share. It also lost its fourth position to Mahindra.
Mahindra retained the Fourth rank and was one of the few OEMs to grow in April 2021 over March 2021. Also, Mahindra's Market Share improved the most in April 2021.
Toyota registered the highest Market Share fall in Apr'21 over Mar'21 and recorded <10k volumes last month.
Honda Cars volumes registered the highest MoM increase in sales and it outsold Renault in April 2021.
Nissan and MG now fight for the 10th rank on the table. Nissan registered the MoM decline of 16 percent and fell below 3.5k volumes in Apr'21. It anyhow outsold MG which declined over 52 percent in Apr'21 vs Mar'21.
Market Share Graph for April 2021 –
