NewsBytes
    Hindi Tamil Telugu
    More
    In the news
    Audi
    Honda
    Toyota
    Hyundai
    Royal Enfield
    TVS Motor Company
    Electric Vehicles in India
    NewsBytes
    Hindi Tamil Telugu
    NewsBytes
    User Placeholder

    Hi,

    Logout


    India Business World Politics Sports Technology Entertainment Auto Lifestyle Inspirational Career Bengaluru Delhi Mumbai Visual Stories Find Cricket Statistics Phones Reviews Fitness Bands Reviews Speakers Reviews

    Download Android App

    Follow us on
    • Facebook
    • Twitter
    • Linkedin
     
    Home / News / Auto News / How did leading carmakers perform in India in February 2023
    Auto

    How did leading carmakers perform in India in February 2023

    How did leading carmakers perform in India in February 2023
    Written by Pradnesh Naik
    Mar 08, 2023, 05:13 pm 2 min read
    How did leading carmakers perform in India in February 2023
    Maruti Suzuki Brezza is the segment leader in the compact SUV category in India (Photo credit: Maruti Suzuki)

    While Maruti Suzuki and Hyundai have been leaders in small and mid-size car segments in India in recent years, the market shares of the two automotive giants have dipped in February 2023, as per the Federation of Automobile Dealers Associations (FADA). However, SUV specialists Mahindra and Tata Motors along with Kia Motors have seen a substantial rise in demand.

    Why does this story matter?

    • The Indian automotive market has been witnessing rapid changes in recent years.
    • People are choosing offerings with new-age designs, hi-tech features, and better safety ratings rather than only looking for higher fuel-economy figures.
    • This mindset has pushed carmakers such as Mahindra and Tata Motors to the front of the pack, as opposed to the previous leaders Maruti Suzuki and Hyundai.

    Take a look at Maruti Suzuki and Hyundai's sale numbers

    Touted as India's largest carmaker, Maruti Suzuki's market share declined marginally to 41.4% in February this year as opposed to 42.36% last year. This was even after a marginal rise in the automakers' sales figures from 1,09,611 units in February 2022 to 1,18,892 units in February 2023. Similarly, Hyundai's market share went down to 13.62% last month as against 14.95% in February 2022.

    Mahindra and Tata Motors see a rise in demand

    Mahindra and Tata Motors have witnessed a rise in demand for their SUVs in India in recent months owing to the performance of their offerings in the Global NCAP's crash tests. The former saw its market share rise to 10.22% last month from 7.06% in February 2022, while the latter witnessed a jump in its market share from 13.16% to 13.57% year-on-year.

    Kia Motors, Volkswagen group, and Toyota also witnessed a rise

    Kia Motors also saw a jump in its overall market share from 5.27% in February 2022 to 6.81% last month. The South Korean automaker saw year-on-year growth in sales figures from 13,623 units to 19,554 units in February 2023. Apart from Kia, the SKODA Auto Volkswagen group and Toyota Kirloskar Motor also witnessed a marginal increase this year.

    SUVs are currently in demand over any other body style

    This change could be the result of demand for SUVs in recent years, as opposed to other body styles in India. While Maruti Suzuki and Hyundai primarily cater to the hatchback segment, the SUV category is dominated by Tata Motors, Mahindra, and Kia.

    Share this timeline
    Facebook
    Whatsapp
    Twitter
    Linkedin
    Latest
    Volkswagen
    Maruti Suzuki
    Kia Motors
    Toyota

    Latest

    Tata Punch EV: Check design, features, and launch details Tata Motors Ltd
    IPL 2023, SRH vs LSG: Aiden Markram elects to bat Sunrisers Hyderabad (SRH)
    Karnataka election results 2023: State Congress chief Shivakumar breaks down DK Shivakumar
    Box office: Vidyut Jammwal's 'IB71' rakes in Rs. 2.2cr Box Office

    Volkswagen

    2024 Volkswagen Taigun v/s 2023 model: List of expected changes Volkswagen Taigun
    Volkswagen ID.4 GTX v/s Hyundai IONIQ 5: Which is better Volkswagen ID.4
    How Volkswagen ID.7 stacks up against the Tesla Model 3 Tesla
    These companies have increased car prices in India this April Cars Price List (India)

    Maruti Suzuki

    Maruti Suzuki Jimny 5-door version's production begins: Check rival SUVs Maruti Suzuki Jimny
    Sensex falls nearly 700 points, Nifty settles below 18,100 mark Stock Market
    Is Renault Kiger RXT(O) better than Maruti Suzuki Fronx Sigma Renault
    What to expect from Toyota Innova Hycross-based Maruti Suzuki MPV Upcoming Cars

    Kia Motors

    Is Kia Sonet Aurochs better than Tata Nexon Red Dark Kia Sonet
    Hyundai Motor Group aims for Moon, starts constructing lunar rover  Hyundai
    Nearly 52,000 units of Kia Carnival recalled: Here's why Kia Carnival
    2024 Kia Sonet in the works: What to expect  Kia Sonet

    Toyota

    Should the world's bestselling car be launched in India SUV Cars
    Toyota Urban Cruiser Hyryder becomes costlier: Check alternatives Toyota Urban Cruiser Hyryder
    Toyota bZ Sport Crossover, bZ FlexSpace concepts debut: Check features Latest automobiles
    What to expect from Maruti Suzuki Fronx-based Toyota Taisor coupe-SUV Upcoming Cars

    Love Auto News?

    Subscribe to stay updated.

    Auto Thumbnail

    Live

    Indian Premier League (IPL) Celebrity Hollywood Bollywood UEFA Champions League Tennis Football Smartphones Cryptocurrency Upcoming Movies Premier League Cricket News Latest automobiles Latest Cars Upcoming Cars Latest Bikes Upcoming Tablets
    About Us Privacy Policy Terms & Conditions Contact Us Ethical Conduct Grievance Redressal News News Archive Topics Archive Download DevBytes Find Cricket Statistics
    Follow us on
    Facebook Twitter Linkedin
    All rights reserved © NewsBytes 2023