FY 2021-2022: Q1, Passenger Vehicle Exports. Maruti beats Hyundai with highest growth & Volume.
The Passenger vehicle exports grew three fold in Q1 of FY 21-22. The volumes stood at 1,27,115 units as against 40,417 units for the same time period LY. This was a handsome growth of about 86,698 units over LY Q1. Exports almost shrunk from a lot of OEM’s however only 13 OEM’s managed to have their export volumes active and even in those we had Toyota and Isuzu with single digit exports. The rest 11 OEMs have managed to deliver handsome growth over LY volumes.
Maruti fought back and got it’s rank1 position from Hyundai for the same time period LY. Maruti managed to clock a volume of 45,056 units. The market share stood at 35.45% as against 23.28% LY . This was a massive 12.16% growth in the market share of Exports for Maruti.
Hyundai, during the same time LY was rank1, however it has lost it’s rank 1 position to Maruti and got rank2. The Market share dropped to 23.51% and the Highest drop in market share of 7.52%. The volumes stood at 29,881 units.
Kia outplaced the rest and retained the rank 3 position. With 12,448 units. This even though was enough to retain the rank 3 position, was a drop of 3.60% in market share over LY. The Lead over Ford and VW was further strengthened with these volumes.
VW outplaced Ford for Rank 4 position. This was a challenging performance of 11,566 units. However, the market share dropped to 9.10% . Ford with 8,685 units dropped to 6.83% market share. This was a huge drop of 6.06% in the market share.
Nissan, Renault, Honda managed to gain marginal market share ranging from 0.97% to 3.47%. The volumes stood at below 5k for all three. Renault managed to inch closer to the 5k mark with 4,489 units and registered a market share of 3.53% in the PV export market.