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Indian Cars Retail Figures - March 2021

Around 2,76,191 mass-market passenger cars were registered in India for the month of March 2021. It was a 33% increment over Mar'20.

  • Maruti Suzuki gained the highest Market Share and registrations saw an increase of 37.2% YoY.

  • Tata Motors recorded one of the highest YoY growth and its Market Share shot from 8% in Mar'20 to 8.9% in Mar'21.

  • Hyundai India sales too improved and was able to grow 39.9% YoY in Mar'21.

  • The other sibling, Kia too grew a healthy 59.6% YoY and recorded a Market Share increase of 0.9%.

  • Mahindra registered the highest YoY degrowth and also lost over 3.9% Market Share YoY.

  • With the help of Maruti rebadged models & updated Fortuner - Toyota registered 68.3% YoY growth.

We have also compared Retails v/s Registrations to get a better overview of the Cars Sales in Mar'21 -

  • Do note that the Retail volumes may seem much lower than WS - It is primarily due to the data unavailability from AP, MP, LD & TS RTOs as they are not yet on Vahan 4. Hence we compare the Market Share of WS v/s Retail for better assessment.

  • Maruti Suzuki's Retail Market Share was higher in Mar'21 (when compared to WS Market Share). This indicates Maruti's Retails were better when compared to the dispatches/WS.

  • Hyundai too reported a better Retail Market Share vis-a-vis WS Market Share.

  • Tata's Retail Market Share is visibly lower - The possibility is that the dispatches may have happened in the later part of Mar'21 to stock up for Ugadi/Gudi Padwa.

  • The difference in Ford Retail MS v/s Wholesales is the highest - Seems the American OEM have pushed stocks to the channel.


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