Passenger car leaders Maruti Suzuki India and Hyundai Motor noticed their market share dip in FY23 as in contrast with FY22 as they struggled with scarcity of digital parts, in line with vehicle sellers’ physique FADA.
Tata Motors, Mahindra & Mahindra and Kia India on the opposite hand witnessed a rise in their market share based mostly on the retail gross sales final fiscal.
As per the Federation of Automobile Dealers Associations (FADA), the retail gross sales of nation’s largest carmaker Maruti Suzuki India rose to 14,79,221 items in 2022-23 fiscal, attaining a market share of 40.86 per cent.
It had retailed 12,39,688 items in 2021-22 and grabbed a market share of 42.13 per cent.
Earlier, the auto main had said that it confronted scarcity of digital parts final fiscal with an order backlog of round 3.8 lakh items.
Similarly, Hyundai Motor India noticed a rise in retail gross sales at 5,25,088 items final fiscal, nonetheless its market share dropped to 14.51 per cent.
It had bought 4,79,027 items in the home market in FY22 and its market share was 16.28 per cent throughout the identical interval, as per the FADA information.
Tata Motors on the opposite hand noticed 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 autos final fiscal as towards 331,637 items in 2021-22 fiscal.
Mahindra & Mahindra bought 3,23,691 passenger autos final fiscal to log in a market share of 8.94 per cent.
It had retailed 199,125 items in FY22 to report a market share of 6.77 per cent, FADA mentioned.
Kia India additionally witnessed an increase in market share at 6.42 per cent in FY23 from 5.3 per cent in 2021-22.
Its retail gross sales rose to 2,32,570 items final fiscal from 156,021 items in FY22.
Toyota Kirloskar Motor and Skoda Auto Volkswagen Group additionally noticed an increase in market share in FY23.
FADA mentioned it gathered registration information of autos from 1,349 out of 1,435 RTOs throughout the nation.
