Maruti reports lowest market share in 8 years, Tata Motors at 13 years high, Auto News, ET Auto

New Delhi: It was an arduous treadmill yr for the heavyweights in India. The bulkiest among the many lot, Maruti Suzuki India (MSIL) slimmed its market share to eight yr low at 43% within the monetary yr ending March 31, 2022, an distinctive lack of over 8 share factors in simply three years. Maruti Suzuki reported 42% market share in FY 13-14. MSIL had been sustaining a market share of about 50% within the Indian passenger automobile area for a very long time and stored the crown of 51% till FY20. So, why did MSIL lose the sport? The onset of a brand new decade, in a real sense, threw a very unseen and unprecedented world for all of us. The Indian passenger automobile business went by means of disruptions too. On the centre of it have been provide chain crises and volatility in essentially the most a part of the enterprise. It’s noteworthy that this was succeeded by Indian auto inc braving the impolite shock of demonetisation and slowing the financial system. Withstanding this, the passenger automobile makers crawled to their peak in FY18-19 with a complete quantity of three.37 million models. Even then MSIL stored an unshaken 51% market share. Prime Passenger Car Makers Home Gross sales Development Since Final Peak of FY 2018-19In due course demand feebled, uncertainties gripped the business, and ultimately total gross sales got here down. The passenger automobile business crashed to 2.7 million models in FY20 and within the lately concluded fiscal it wiggled as much as 3.05 million models.
Like most of its counterparts, MSIL additionally couldn’t escape unscathed. Different substances that resulted out there chief shedding essentially the most are provide chain disruptions, uneven demand curve, and entry of latest gamers like Kia India and MG Motor India. Tata Motors additionally took away the most important share of the pie. The homegrown automaker doubled its market share to over 12% in FY2022 in comparison with 6.8% in FY 2018-19.Elements like rising demand for utility vehicles (UVs) has additionally performed a key consider bringing down Maruti Suzuki’s market share. UVs’ share within the whole passenger automobiles gross sales in FY2022 (April-Feb) stood at 45.5%. Despite the fact that the crown bearer of the Indian automotive market is catching up quick within the UV section, there may be nonetheless good floor to cowl.
Exit from diesel and rising demand for SUV contributed to the drop in market shareShashank Srivastava“This yr now we have seen provide facet constraints as effectively so it could be deceptive to reach at demand facet conclusions in what is actually a provide constrained market. Some producers are clearly affected greater than the others relying on suppliers of semiconductor parts or the automobile specs or the exports share within the total volumes or the bottom volumes of the OEM . The true demand share sample will emerge when the provides turn into regular,“ Shashank Srivastava, Senior Government Director — advertising and marketing & gross sales, MSIL argued. He additional identified that Maruti Suzuki exited the diesel area which remains to be about 20% of the market. “In truth one third of the competitors gross sales are in Diesel . We now have made up for this loss considerably by elevated CNG gross sales which is now 9% of the business ,“ Srivastava added.
Nation’s second largest automotive maker Hyundai Motor India maintained its place however slipped closest to the closest contender for the quantity 2 slot- Tata Motors. Hyundai’s market share in FY2022 stood at 15.78% whereas Tata Motors inched as much as its highest market share since 2008-9 to 12.1%. Sibling Kia India additionally appeared to have gained. The sister concern of the Korean automotive main Kia India on the again of huge demand for SUVs secured 6.12% of the passenger automobile market share to turn into India’s fifth largest carmaker. Reaching over 5% market share has remained a distant dream for a lot of international leaders like Volkswagen, Toyota, Nissan, Renault FCA, regardless of being in India for over a decade.  India's top carmakers and their market share FY2022 India’s high carmakers and their market share FY2022Hyundai Motor India additionally had a equally stellar debut within the Indian market. It began operations in 1998 and achieved over 10% market share by 2000. What lifted Tata Motors’ market share is especially enchancment of its merchandise when it comes to high quality, design and presence in the proper segments. The house grown carmaker has a variety of latest SUVs beginning with the compact section Punch, Nexon, to mid section SUVs Safari and Harrier. Exceptionally effectively designed Tata Altroz has additionally carried out decently in the previous few months. Japanese carmaker Honda Cars India skilled the largest loss, a drop from being the fifth largest carmaker within the nation, to eighth place. One other Japanese auto main, Toyota Kirloskar Motor, didn’t achieve or lose market share within the final monetary yr. Its share has remained roughly the identical 4 the previous 4 years regardless of inclusion of Suzuki’s re-badged merchandise like Glanza and City Cruiser.Additionally Learn: Automobile manufacturing is anticipated to be affected for the remainder of 2022 due to the semiconductor provide crunch. For the two-wheeler section, the agricultural restoration remains to be distant and the marketplace for commuter bikes is but to get well from the second COVID wave. In the meantime, the business automobile and the tractor segments are exhibiting some indicators of restoration. A number of automakers together with Tata Motors, Kia and Skoda recorded a few of their finest annual gross sales numbers final yr though total business gross sales trailed the height gross sales of three.3 million models recorded in FY19.

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