While the passenger vehicle industry had projected a YoY growth of 31.4% in terms of Wholesales (source); the registrations have grown by only 9.8% in Sep’20 v/s Sep’19.
OEM wise Passenger Cars Market Share Data for Sep-20 with YoY comparison –
Source: FADA Research
Maruti Suzuki reported an increase in Market Share YoY and was able to command a Market Share of ~50% in September 2020.
Hyundai ranked second and recorded a meager Market Share increase too.
Tata had an impressive month where both Wholesale & Retails were better. Tata Motors registered a YoY increase of stellar 64.1% and was one of the highest in Sep’20. It also increased its Market Share by 2.6% in Sep’20 v/s Sep’19
Mahindra’s Market Share loss was one the highest in September 2020. The Indian major’s market share dropped by -1.5% in Sep’20 v/s same period last year.
Kia is on a roll. It is already commanding a Market Share of 4.1% within 1 year of operations. Sonet has helped Kia strengthen its hold in the Indian market even further and it grew 160.4% YoY.
Surprisingly MG Motors have recorded a degrowth in both Wholesales (-2.7%) & Retails (-9.3%).
The above numbers do not have figures from AP, MP, LD & TS as all these States/UT’s are not yet on Vahan 4.
Vehicle Registration Data has been collated as on 06.10.20 and in collaboration with Ministry of Road Transport & Highways, Government of India and has been gathered from 1,254 out of 1,461 RTOs.