Tata Motors continues to broaden its market share within the utility automobile (UV) market. firm that led Q1 FY2023 (April-June 2022) with wholesales of 97,943 UVs, maintains its No. 1 place forward of Maruti Suzuki India and Mahindra & Mahindra. In a span of simply 4 months, the corporate has moved as much as the No. 1 spot – in FY 2022, Tata Motors was the No. 3 UV OEM with gross sales of 226,151 models and 15.19% UV market share.

With a complete dispatch of 118,449 models within the first 4 months of FY2023, Tata Motors has registered a robust year-on-year progress of 157% (April-July 2021: 46,077) and has elevated its UV market share to 18.70% from 10.84% ​​a yr in the past. To attain this in a extremely aggressive market setting is clearly commendable and speaks to the rising demand for the corporate’s SUVs – Nexon, Nexon EV, Punch, Harrier and Safari.

The premium Harrier and Safari SUVs, nonetheless, have been considerably influenced by the introduction of the Mahindra XUV700, a product that has emerged higher when it comes to total options and expertise.

Whereas the corporate has a bonus over its rivals in its electrical automobiles, particularly the Nexon EV – India’s best-selling e-passenger automobile, which has no actual competitors but. that’s till September 8, when Mahindra will launch its all-electric XUV400,

passenger automobile market chief maruti suzuki It at the moment ranks second with 104,124 UVs shipped in April-July 2022 (13% YoY), trailing Tata Motors by 14,325 models and simply 850 models forward of No. 3 participant Mahindra & Mahindra.

Like another OEMs, Maruti Suzuki has seen its manufacturing largely hit by the chip provide chain disaster over the previous yr, however is anticipated to bounce again quickly with the market rollout of its new Brezza and midsize Grand Vitara, whose Supply is about to begin. Festive season. Nonetheless, the numbers present that the corporate has misplaced a fair proportion of UV market share – at the moment at 16.47%, up from 21.71% in April-July 2021. The corporate is believed to have an order reserving backlog of 387,000 models.

utility automobile chief Mahindra & Mahindra On the third spot and on the heels of Maruti with 103,274 models, 63% YoY. The corporate, which has an estimated order backlog of 273,000 models, has elevated its UV market share to 16.34% from 14.91% a yr in the past. In FY2022, M&M accounted for 15% (223,682 models) of the UV market in India. With a flurry of latest fashions just like the lately launched scorpio-ne, Scorpio Traditional And with enormous demand for XUV700 and Thar, M&M is trying to ramp up manufacturing at its vegetation.

Hyundai Motor IndiaLike Maruti Suzuki, UV has misplaced market share – from 18.81% a yr in the past to the present 15.64 per cent. The Chennai-based OEM shipped 98,859 models in April-July 2022, up 24% YoY. Creta continues to be its mainstay with 50,039 models and accounts for 50.61% of the full UV gross sales. Venue is subsequent with 39,013 models, adopted by Alcazar (9,243). The Tucson and Kona EVs contributed a complete of 564 models in April-July.

korean sister of hyundai kias It ranks fifth with 83,783 models, up 46% on a year-on-year foundation, giving it a market share of 13.25%, down barely from 13.45% a yr in the past. Seltos, its first product for India, stays the best-seller in April-July 2022 with 21,847 models, adopted by the Sonnet compact SUV with 20,758 models.

Toyota Kirloskar Motor Sturdy efficiency within the final 4 months. With 51,040 models, it has registered 112% YoY progress and has elevated its UV market share to eight.07% from 5.66% a yr in the past. The favored Innova Crysta MPV with 22,783 models continues to be its finest vendor and accounts for 44% of gross sales, adopted by City Cruiser with 18,677 models and 37%. The Butch Fortuner and the luxurious Vellfire MPV contributed to the full of 9,580 models.

Skoda Auto India with its cushion and Volkswagen India Together with Taigun there are different UV gamers which have benefited from the brand new mannequin launch. Skoda (Kushak: 9,266 models) with 9,648 models has elevated its market share to 1.52% from 0.42% a yr in the past, whereas Volkswagen India with 7,000 models now holds 1.1%, from 0.14% a yr in the past .

Finest promoting SUVs in April-July
Listed below are the ten finest promoting UVs within the first 4 months of FY 2023, accounting for 63% of the full UV gross sales (601,662 models). Tata Nexon leads the chart with 56,594 models or 9.4% of the trade’s complete gross sales. It’s the solely mannequin right here that has an EV variant, which provides it an enormous benefit in a market that’s witnessing a gradual shift in e-mobility.

The Hyundai Creta, with 50,039 models, has overtaken the April-June quantity 2 mannequin Maruti Ertiga, which is now on the third place with 47,232 models. Punch, the youngest member of Tata’s ‘New Endlessly’ vary, is on a roll with its finest ever month-to-month gross sales of 11,007 models in July, crossing the 100,000-unit wholesale mark in simply 10 months within the course of .

OEM awaits festive season cost
The SUV is a progress story that may solely get higher daily. Of the 15 OEMs within the discipline, solely three present a decline in gross sales numbers within the April-July 2022 interval. A better have a look at the wholesale information reveals that the rising demand for UV in India is a democratic affair.

With each different automotive offered in India being a utility automobile, there may be room for all that what’s being supplied ticks the appropriate bins. Whereas the highest six UV producers account for 88.5% of the market, a robust battle is underway for the opposite 11.5% UV market share.

Given the UV order backlog for Maruti Suzuki, Mahindra and Hyundai, a big enchancment in semiconductor provide ought to see OEMs ramp up manufacturing to make sure that they take advantage of the festive season that begins later this month Elevate.

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