The Indian auto industry has been reeling under the global chip shortage crisis for some time now. While it is trying to get out of the Covid-19 lockdown and the ongoing slowdown in the economy, the chip crisis has hit manufacturing, resulting in fewer cars being produced and sold across India. In April, the 14 existing automakers in the Indian market, in addition to the luxury automaker such as Mercedes-Benz, Audi, BMW and others, contributed nearly three lakh units with a marginal increase of about two percent compared to April last year.
Here’s an overview of the top 10 automakers in India in April
Maruti Suzuki remains by far the largest automaker in India. Despite a slowdown in sales and long wait times due to a shortage of supplies, Maruti was able to maintain its market share at more than 40 percent in April. Maruti sold 1,21,995 units last month, down about 10 percent from the same month last year. The market share has also shrunk from 47 percent to just under 42 percent.
This year, Maruti has gone into overdrive with several launches lined up. Within the first four months of the year, it has already launched the new generation Baleno, Ertiga and XL6. He is also expected to drive the new generation Alto and Vitara Brezza later this year. However, Maruti Suzuki’s highly anticipated launch is likely to come closer to the holiday season when it is expected to launch its new compact SUV to beat rivals such as Hyundai Creta and Kia Seltos.
Despite the challenges, Korean automaker Hyundai remains the second largest automaker in India. Although, by a thin margin over closest rival Tata Motors. Hyundai’s market share has fallen to 15 percent from 17 percent last year, after the automaker sold 44,001 units last month.
Hyundai is slated to drive facelift versions of the Venue and Creta SUVs to India later this year. Both SUVs are two of the best-selling models in their respective categories. However, some of Hyundai’s other flagships, such as the Alcazar SUV, have not managed to achieve as many sales as some of its rivals.
The biggest growth story of recent times among Indian car manufacturers is that of Tata Motors. With a slew of new products and more in the pipeline, Tata has been head-to-head with Hyundai for second place. In April, with 41,590 units sold in India, Tata Motors emerged as the third largest automaker. However, its market share has swelled from about 9 percent in April last year to more than 14 percent last month.
While its SUVs such as Nexon and Punch have performed well, it is the electric vehicle segment that has boosted the automaker’s sales in India. It currently leads the EV segment with a staggering 85 percent market share.
High on the new generation models such as XUV700 and Thar, Mahindra and Mahindra have shown significant growth in April. Although XUV700 and Thar have long wait times, the automaker was able to deliver 22,169 units last month, compared to just 18,186 units in April last year. Mahindra currently has a market share of over seven percent, which has grown marginally from 2021.
Hyundai’s Korean brother Kia India has recently seen a spike in sales thanks to its flagship Seltos SUV and the recently launched three-row Carens vehicle. The automaker has seen growth of about 18 percent year-on-year with 19,019 units sold last month. However, the latest model currently also has waiting times of more than six months for certain variants. Although Kia has a market share of more than six percent, it still has a long way to go before it can challenge its Korean sibling.
The Japanese carmaker has experienced a number of shutdowns since last year, resulting in a production limitation. However, Toyota has recently closed the gap and is currently sixth in the top 10 automakers in India with a market share of around five percent. 15,085 units in April compared to just 16,111 units in April last year. It has posted nearly 57 percent growth thanks to some of its bestsellers such as Fortuner SUV and Innova Crysta MPV.
Honda in India largely relies on the sale of two of its flagship sedans – the City and the Amaze. Still, with 7,874 units, Honda managed to capture about three percent of the market share in the past month. By April last year, however, Honda had sold 9,072 cars in India, more than 13 percent of what it could do the previous month.
Kwid hatchback and Triber MPV are some of the models that have helped the French carmaker to survive in the Indian car market. The Kiger SUV, which is considered one of the most affordable cars in its segment, has not been quite as successful. Renault sold 7,594 units in April, down about 12 percent from the same month last year, and has a market share of 2.6 percent.
Skoda and its brand leader Volkswagen have seen a sort of revival with a host of new models for the Indian market. In addition to the new Octavia, the India 2.0 project has delivered new cars for Skoda such as the Kushaq SUV and Slavia sedan. All of these models helped Skoda increase its sales to 5,152 units in April, from just 961 units in the same month last year. Although the quadruple growth seems staggering, Skoda’s market share has yet to exceed two percent.
German automaker Volkswagen has also launched new models, such as the Taigun and Tiguan SUVs. He is also slated to drive the Virtus sedan, a technical cousin of the Slavia. Volkswagen sold 3,547 units in April, a 160 percent increase from 1,367 units the automaker sold in the same month last year. Volkswagen’s market share is just above one percent.
Date of first publication: May 05, 2022, 11:31 AM IST