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Passenger car market share India FY 2021, by vendor

Published by Statista Research Department, Aug 27, 2021
Maruti Suzuki had the leading share in the passenger car market across India in fiscal year 2021 with nearly 48 percent. The top three players held approximately 75 percent of the market share. This was predominantly due to brand loyalty and new launches.

Kia Motors India

Beating these odds was Kia Motors which entered the Indian market in the second half of 2019. With special utility vehicles (SUV), the company saw considerable increase in sales. Within a short span, the company outperformed its well-established foreign competitors, including German based Volkswagen, Skoda, and Nissan.

Slowdown of the passenger vehicle segment

Despite the company’s success, the industry overall witnessed a double-digit drop in the sales volume of passenger cars. This was presumably due new emission standards, a general slowdown in the economy, and the coronavirus (COVID-19) outbreak.

Passenger car market share across India in financial year 2021, by vendor

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Source

Release date

April 2021

Region

India

Survey time period

FY 2021

Supplementary notes

Note: India's financial year begins in April and ends in March. For example, FY 2016 started in April 2015 and ended in March 2016.

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