Maruti, Hyundai Market Share Dips in February; Tata Motors, Mahindra Register Gain: FADA

Maruti Suzuki India and Hyundai Motor India noticed a dip in their market share in February whereas Tata Motors, Mahindra and Kia India witnessed an yr on yr improve final month.

As per the retail gross sales knowledge collated by the Federation of Automobile Dealers Associations (FADA), Maruti Suzuki’s retail gross sales final month stood at 1,18,892 items as in contrast with 1,09,611 items in February 2022.

The auto main’s market share nonetheless declined marginally to 41.40 per cent in February from 42.36 per cent in the year-ago interval.

Similarly, Hyundai Motor India’s market share final month dipped to 13.62 per cent towards 14.95 per cent in February 2022.

The firm retailed 39,106 items final month as in contrast with 38,688 items in the identical month final yr.

As per FADA, Tata Motors retail gross sales rose to 38,965 items in February from 34,055 items in the yr in the past interval. Its market share rose to 13.57 per cent final month from 13.16 per cent in February 2022.

Similarly, Mahindra & Mahindra noticed its market share rise to 10.22 per cent final month from 7.06 per cent in February 2022. The Mumbai-based auto main’s retail gross sales rose to 29,356 items in February from 18,264 items in the year-ago interval.

Kia India’s retail gross sales rose to 19,554 items from 13,623 items in February 2022, translating to a better market share of 6.81 per cent from 5.27 per cent in the year-ago interval.

Toyota Kirloskar Motor and Skoda Auto Volkswagen Group additionally witnessed a yr on yr improve in market share in February.

Honda Cars, Renault, MG Motor India and Nissan Motor India nonetheless noticed their market share dip final month when in comparison with that of February 2022.

FADA stated it collected registration knowledge from 1,348 out of 1,434 RTOs (Regional Transport Offices) throughout the nation.

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(This story has not been edited by News18 workers and is printed from a syndicated information company feed)