Maruti, Hyundai Market Share Dips In February; Tata Motors, Mahindra Register Gain: FADA
Maruti Suzuki's retail sales last month stood at 1,18,892 units as compared with 1,09,611 units in February 2022, according to FADA.
Maruti Suzuki India Ltd. and Hyundai Motor India Ltd. saw a dip in their market share in February while Tata Motors Ltd, Mahindra & Mahindra Ltd. and Kia India Ltd. witnessed an year on year increase last month.
Maruti Suzuki's retail sales last month stood at 1,18,892 units as compared with 1,09,611 units in February 2022, according to the retail sales data collated by the Federation of Automobile Dealers Associations.
The auto major's market share however declined marginally to 41.40% in February from 42.36% in the year-ago period.
Similarly, Hyundai Motor India's market share last month dipped to 13.62% against 14.95% in February 2022.
The company retailed 39,106 units last month as compared with 38,688 units in the same month last year.
As per FADA, Tata Motors retail sales rose to 38,965 units in February from 34,055 units in the year ago period. Its market share rose to 13.57% last month from 13.16% in February 2022.
Similarly, Mahindra & Mahindra saw its market share rise to 10.22% last month from 7.06% in February 2022. The Mumbai-based auto major's retail sales rose to 29,356 units in February from 18,264 units in the year-ago period.
Kia India's retail sales rose to 19,554 units from 13,623 units in February 2022, translating to a higher market share of 6.81% from 5.27% in the year-ago period.
Toyota Kirloskar Motor and Skoda Auto Volkswagen Group also witnessed a year on year increase in market share in February.
Honda Cars, Renault, MG Motor India and Nissan Motor India however saw their market share dip last month when compared to that of February 2022.
FADA said it collected registration data from 1,348 out of 1,434 Regional Transport Offices across the country.