Indian Passenger Cars Sales Analysis – H1 2021

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The passenger vehicle industry is on a strong recovery path due to pent-up demand and has posted strong wholesale volume in H1 of 2021, defying current economic sluggishness induced by the COVID-19 pandemic, and high price inflation – both – passenger vehicle and fuel. In fact, 2021 H1 is the second-best H1 year wholesale, after 2018, in the entire history of India.

Body style

  • UV/Crossover body style has reached its all-time high market share of 35%

  • Hatchbacks have given up market share, as demand for entry-level cars like Maruti Alto has reduced in the pent-up demand phase

  • SUV/Crossovers like Nissan Magnite/Renault Kiger has had disrupted the lower end of the market with a new starting price point, which is closer to large hatchbacks like Maruti Baleno or even Maruti Swift for that matter

  • Sedan segment continues to slide downwards

Manufacturer

  • Top 5 manufacturers command 85% market share in India

  • Maruti witnessed loss in market share and Tata gained market share in same period

  • Major drop in hatchback segment is due to low demand for Alto during pent-up demand phase

  • Lack of diesel engine has affected Maruti’s share in sedan (fleet segment) and SUV/Crossover segment

  • As suggested by several media reports – Maruti is working on a BS6 diesel engine for its UV portfolio and also developing a replacement for its current SUV/Crossover portfolio – this will certainly help them to get back from their lost track

  • Tata has gained market share in the hatchback segment with all new product Altroz and rejuvenated demand for Tiago

  • SUV/Crossover market share gain is due to the introduction of all-new Safari, updated Harrier and Nexon

  • Similar to Tiago, Tigor too have got a new boost due to facelift and strong market push

Products

  • Maruti Baleno + Toyota Glanza (Volume – 1,07,177) is best selling product in 2021, so far.

  • Maruti Brezza + Toyota UrbanCruiser (Volume – 73,971) cruiser is the best-selling SUV/crossover in 2021, so far.

  • Tata Altroz has scored over the new generation Hyundai i20.

  • Maruti Ertiga+XL6 is performing exceptionally well.

  • Toyota Innova despite production constraints has had managed 20th rank.

  • Despite being 8 years old now, Ford Ecosport is holding its position quite well in a very competitive segment

  • MG Hector continues to sustain high volumes.

  • Nissan Magnite production ramp-up in the coming months will boost its rank further.

  • With such a phenomenal response, Mahindra Thar is now a sales icon too, which even Mahindra hasn’t imagined.

Market Intelligence Partner : AutoPunditz