Maruti, Hyundai witness drop in retail sale market share in FY23: FADA

Tata Motors, Mahindra & Mahindra and Kia India on the other hand witnessed an increase in their market share based on the retail sales last fiscal

Press Trust of India New Delhi
Passenger vehicle, cars

Photo: Bloomberg

Listen to This Article

Passenger vehicle leaders Maruti Suzuki India and Hyundai Motor saw their market share dip in FY23 as compared with FY22 as they struggled with shortage of electronic components, according to automobile dealers' body FADA.

Tata Motors, Mahindra & Mahindra and Kia India on the other hand witnessed an increase in their market share based on the retail sales last fiscal.

As per the Federation of Automobile Dealers Associations (FADA), the retail sales of country's largest carmaker Maruti Suzuki India rose to 14,79,221 units in 2022-23 fiscal, attaining a market share of 40.86 per cent.

It had retailed 12,39,688 units in 2021-22 and grabbed a market share of 42.13 per cent.

Earlier, the auto major had stated that it faced shortage of electronic components last fiscal with an order backlog of around 3.8 lakh units.

Similarly, Hyundai Motor India saw an increase in retail sales at 5,25,088 units last fiscal, however its market share dropped to 14.51 per cent.

Also Read

Maruti, Hyundai market share dips in Feb; Tata, Mahindra gain: FADA

Hyundai to launch Tata Punch rival micro-SUV Exter in Aug; details here

Maruti Suzuki, Hyundai, Tata Motors report best-ever wholesales in FY23

Maruti Suzuki Q3 preview: Profit may decline up to 8% QoQ on lower volumes

Hyundai Motor India launches Hyundai Pavilion on Metaverse space

Chennai ranks among top 5 in digital payment transactions in 2022: Report

Delhi court reserves order on Sisodia's bail plea in Excise policy scam

Should not let fatigue diminish efforts on pandemic preparedness: Mandaviya

SC sets up constitution bench to hear plea on same-sex marriage

As SC examines the issue, a look at status of same-sex marriages globally

It had sold 4,79,027 units in the domestic market in FY22 and its market share was 16.28 per cent during the same period, as per the FADA data.

Tata Motors on the other hand saw its market share rise to 13.39 per cent in FY23 from 11.27 per cent in 2021-22 fiscal.

It retailed 4,84,843 passenger vehicles last fiscal as against 3,31,637 units in 2021-22 fiscal.

Mahindra & Mahindra sold 3,23,691 passenger vehicles last fiscal to log in a market share of 8.94 per cent. It had retailed 1,99,125 units in FY22 to record a market share of 6.77 per cent, FADA said.

Kia India also witnessed a rise in market share at 6.42 per cent in FY23 from 5.3 per cent in 2021-22.

Its retail sales rose to 2,32,570 units last fiscal from 1,56,021 units in FY22.

Toyota Kirloskar Motor and Skoda Auto Volkswagen Group also saw a rise in market share in FY23.

FADA said it gathered registration data of vehicles from 1,349 out of 1,435 RTOs across the country.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: Apr 18 2023 | 5:25 PM IST

Explore News