Carmakers Tata Motors and Maruti Suzuki saw a year-on-year increase in their retail sales market share last month, according to the latest passenger vehicle registration data for September.
While Tata Motors saw its market share improve to 13.75 per cent last month as compared to the same period last year when it sold 32,586 units accounting for 11.52 per cent market share in the domestic passenger vehicle segment; Maruti Suzuki India retailed a total of 1,23,242 units in September grabbing a market share of 41.17 per cent.
It had retailed 1,15,530 units in September 2024 with a market share of 40.83 per cent.
Overall, passenger vehicle retail sales stood at 2,99,369 units in September, registering an increase of 6 per cent as against 2,82,945 units in September last year.
On the other hand, Hyundai Motor India and Toyota Kirloskar Motor saw a year-on-year dip in their respective market share last month.
Also Read: Maruti Suzuki India to meet export target this fiscal: Official
While Hyundai Motor India retail sales stood at 35,812 units last month, accounting for 11.96 per cent market share; Toyota Kirloskar Motor saw its market share drop to 6.78 per cent last month as compared to 7.35 per cent in the same month last year with retail sales of 20,303 units last month as against 20,792 units in September 2024.
Mahindra & Mahindra retailed 37,659 passenger vehicles last month recording a market share of 12.58 per cent. It sold 35,863 units in the year-ago period with a market share of 12.67 per cent.
Kia India’s market share also saw a marginal year-on-year dip at 6.78 per cent last month. The company sold 16,727 units in September as compared to 16,062 units in the year-ago period.
In the two wheeler space, Hero MotoCorp saw its market share rise to 25.10 per cent last month as against 22.48 per cent in the year-ago period after its retail sales rose to 3,23,268 units last month as against 2,71,820 units in the year-ago period.
TVS Motor Company’s market share also increased to 19.11 per cent as against 18.36 per cent in the year-ago period.
Rival Honda Motorcycle and Scooter India on the other hand saw its market share drop to 25.05 per cent last month as against 27.7 per cent in September 2024.
Overall, though, two-wheeler retail sales rose 6.5 per cent to 12,87,735 units as against 12,08,996 units in the year-ago period.
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