AUTO PUNDITZ

H1-2022 highlights: Indian Passenger Vehicle Industry

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Industry

  • H1-2022 registered highest ever half-yearly sales of 18,26,483 vehicles

  • 2022 average monthly volume stood at 3,04,414 mark – highest in the history

  • March 2022 and June 2022 are 2nd and 3rd best sales month in entire history

  • Improved supply side situation and demand spillover from 2021 are the major factors


Body style

  • SUV/Crossover body styled products now command 41% share of Indian passenger vehicle market

  • Hatchback segment is now reduced to 35% due to lack of demand for entry level products

  • MUVs and sedans gained some lost ground


Manufacturers

  • Tata (+4.5%) and Mahindra (+2.2%) gained significant market share with onslaught of new products

  • Maruti (-3.9%) and Hyundai (-2.5%) lost significant market share

  • Top-3 brands command 70% of Indian passenger vehicle market share

  • Top-6 brands command 89% of Indian passenger vehicle market share

  • Other 9 brands have 11% combined market share

Products

  • Maruti Wagon-R continues to be the best-selling passenger vehicle in India

  • Twin Tata products - Nexon and Punch - made it to the top-10 list

  • 18 of the top-30 products were having some form of discounts throughout H1-2022


Fuel mix

  • H1-2022 diesel mix settled around 19%, CNG mix reached to 11% and electric mix to 1.1%

  • Petrol is dominating fuel in small vehicle category and diesel dominates large vehicle category

  • Mahindra, Toyota, Jeep and KIA have diesel heavy mix due to SUV/MUV/Crossover product portfolio

  • Mahindra Bolero is the best-selling diesel vehicle & Wagon-R is the best-selling CNG vehicle


Battery electric vehicles

  • H1-2022 registered highest ever half-yearly BEV sales of 20,440 units

  • June 2022 is the best sales month with 4,451 units

  • Tata Motors command 92% Indian BEV market share

  • Tata Nexon EV is best selling product followed by Tata Tigor EV