Passenger vehicle retail sales grew significantly year-on-year on improving market conditions and strong demand from rural areas
Federation of Automobile Dealers Associations (FADA), the apex national body of the automobile retail industry in India, has released its retail sales charts for July 2021. Growth can be seen across all segments, be it two and three wheelers, tractors and commercial vehicles and each passenger vehicles has a significant difference as compared to retail sales in July 2020. This increase could be due to an improvement in the overall market scenario, favorable monsoon and sluggish demand.
Car Retail Sales July 2021
Here we estimate the passenger vehicle segment, which had total sales of 2,61,744 units in July 2021, up 63 per cent from 1,60,681 units sold in the corresponding month of the previous year. Considering the OEM-wise retail sales, once again it was Maruti Suzuki which topped the list with 43.67 per cent market share selling 1,14,294 units in July 2021. This was against 80,681 units retailed in July 2020, where the market share was over 50.21 per cent.
Next in line was Hyundai Motor India with retail sales of 44,737 units and a market share of 17.09 per cent. This was an increase of over 30,078 units in July 2020, when the market share stood at 18.72 per cent. Hyundai’s Creta and new Alcazar have been the major contributors to these retail sales.
Tata Motors defeated Mahindra to secure the third position. Sales stood at 24,953 units with a market share of 9.53 per cent from 8.12 per cent held in July 2020, when retail sales stood at 13,041 units. Tata Motors has seen its Nexon, Altroz and Tiago contribute the most to sales.
Mahindra Bolero Neo has retailed a total of 16,326 units in July 2021. The company commanded a market share of 6.24 per cent from 4.95 per cent held in July 2020, when 7,954 units were retailed.
Kia, Toyota and Renault India
Kia Motors sales increased to 15,995 units from 7,265 units sold in July 2020. It was the Kia Sonet and Seltos that drove these sales. Kia also opened its first digital showroom in Mumbai, India, offering digital services to its customers. The showroom showcases Kia’s current portfolio with 3D configurations to allow buyers to customize their vehicles. Three new digital showrooms are also planned in Delhi, Chennai and Bengaluru by the end of this year.
Kia was followed by Toyota Kirloskar Motors with sales of 9,876 units and a market share of 3.77 per cent in July 2021. Sales in July 2020 stood at 4,525 units and a market share of 2.82 per cent. Renault India’s retail sales increased from 5,062 units in July 2020 to 7,919 units in July 2021, though the market share declined to 3.03 per cent from 3.15 per cent.
Honda Cars, Ford India and Skoda Auto registered growth in terms of retail sales and the market shares of Honda and Skoda improved marginally, while that of Ford India declined from 2.05 per cent in July 2020 to 1.77 per cent in July 2021.
Along with the increase in market share, the sales of MG Motor India and Nissan also increased year-on-year. In the premium car segment, Mercedes sales increased from 428 units in July 2020 to 974 units in July 2021 and BMW India retail sales also increased from 279 units to 652 units. Jaguar, Volvo, Porsche and Bentley also reported higher retail sales in July 2021.