Thanks Aditya for the October sales date. More to add on the same.
Auto Industry still reeling under the semiconductor availability, but to a lesser degree when compared to last month, struggled to provide cars in meeting the demand.
Expected to continue in November too as the situation is dynamic.
India's biggest automaker Maruti Suzuki recorded a drop in growth to -33.4 percent in Sept.'21 v/s Aug '21, but an increase in growth of 72.7% on a M-O-M basis
- The market leader Maruti Suzuki Market Share dropped to 41.9 % from 49%t (Y-O-Y).
-Hyundai’s growth too was in a negative trend at 34.6% percent YoY and a market share drop of 2.7 %.
- Tata has been able to stabilize at the No.3 position. It gained the highest Market Share and is pegged at 13 % and its growth was at +43.8%. (Y-O-Y)
- Kia has a similar trend to Hyundai with a negative growth at 22.3% while its market share was flat at 6/3 % ( y-O-Y)
- M&M too sees a market share growth of 2.2% and is at 7.7 %. Volumes grew at 9.4% (Y-O-Y)
-Toyota overtook the likes of Renault, Ford, and Honda to place itself in the sixth spot. Records a growth of 0.5% and a market share gain of 1.1%.
- VW overtook Škoda and records 3,077 units and has now a market share of 1.2%, while Škoda records a volume of 3065 units and has a market share matching that of VW at ~ 1.2%
Highlights of Oct -21 dispatch figures:
- Maruti's Alto dethroned the siblings Wagon-R, Swift, and Baleno to jump to the Top Slot in model-wise rank for October 2021.
- Six of the top 10 best sellers were from Maruti Suzuki while Tata has 2 and Hyundai and Kia with 1 each. In the Top 25. On average; the volumes were 10,287 units per car.
-Hyundai had 4 models in the Top 25 and 6,866 units per model. In fact, it ranks behind Tata’s in this.
-Tata with 4 models in the Top 25 list averaged 6,929 units per model (which is higher than Hyundai)
- Kia had 2 offerings in the Top 25 and averaged 7,966 per model (which is still higher than Tata)
- Even with 3 models in the top 25, Mahindra's overall volumes was lower than that of Kia.
- UVs dominated with 13 models in the Top 25. (9 SUV+4 MUV)
- Hatchback volumes have fallen in terms of models and volumes in the top 25
- Sedans had only 2 offerings in the Top 25 and the best seller was Maruti’s Dzire.
Largest segment (volumes) – UV segment is the largest and fastest growing PV segment for FY21-22.
- The top 13 models (n in top 25 list) contributed to 97K units of sales in Oct.
-UV segment is also India's largest & fastest growing Passenger Vehicle Segment for FY 21-22.
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Cumulatively with MUV's and SUV's they have 53.87% of the Indian Passenger Vehicle Industry. This is at a rapid growth rate of 8.99% YTD.
New Launches and its performance (past One year):
- 8 new models with most being in SUV style
- Tata Punch contributed to 25% of the OEM’s dispatches in Oct.
- Mahindra’s XUV700 has garnered tremendous interest among the buyers and has already received over 65,000 bookings. With dispatches of 3,407 units; the model contributed to 17% of Mahindra's volumes in Oct'21.
- Nissan’s Magnite is single-handedly keeping the OEM afloat.The model contributed to a staggering 87% of the OEM's sales and is slowly emerging as one of the all-time best sellers in Nissan India's portfolio.
- For Renault, Kiger has been faring well too and 2,643 units were shipped to the dealers in October 2021. However; Renault is still gaining more volumes from other models in the portfolio (Kwid & Triber).
- VW Taigun & Skoda Kushaq have made the VW/Skoda brands to jump the SUV bandwagon and are seeing some success. While Taigun contributed to 83% of VW's volumes in Oct'21; Kushaq alone contributed to 79% of the Czech brand.
- Both Safari & Alcazar were launched in the 6/7-seater SUV segment and have been doing average volumes for the respective brands.
Source: Inputs from Auto Punditz