May 2021: Segment Analysis
- Overall the market grew by 183% YoY. This was primarily owing to OEMs investment in Online Sales and distribution initiatives.
- Hatchbacks account for 34%, of total car sales and this is dominated by Maruti Suzuki. Hatch back segment grew by 180% YoY however was below the average growth in segments.
- Compact SUVs or Sub 4m SUVs is next big segment and has grown the most. Showing Stupendous growth by over 535% YoY. It also manage to increase its Market share by close to 15%
- SUV segment also seeing great traction and registering 183% YoY growth.
- CSUV and SUV segment combined make upto 45% market share. Clearly it indicates that Indian car buyer has a strong preference for SUV body shape.
- Compact Sedans also registering an impressive above average growth of 197% accounting for increased market share at shade over 8%
- Sedans segment registering growth of 178% but has small market share of 3.45%
- MUV growing at a meager 17% way below the segment average of 183% and loosing its share by over 10% YoY. From 18% in May'20 its now under 8% in May'21. This is the segment to loose max market share
- Van segment de grows by 32% only segment to de grow. Also to note that Only Eeco from Suzuki forms this segment. There is no other player in the market.
Source:
May 2021 -Segment Analysis - Autohead.in