Maruti Feb 2021 Market Share Dropped By 6.4%

Maruti Suzuki managed to sell almost 1.45 lakh cars in the month of February 2021 but its market share fell down by 6.4 per cent. Maruti Suzuki has been the best-selling automobile manufacturer in the Indian market and the company managed to hold its position in the month of February 2021 as well.

Due to the Japanese automaker’s dominance has taken a hit in recent times with other manufacturers catching up with their attractive value for money offerings. In February 2020 alone, Maruti Suzuki had managed to sell 1,33,702 cars in the Indian market and the number grew to 1,44,761 in the same month this year, resulting in a YoY growth by 8.3 per cent.

The Japanese carmaker had a market share of 53.3 per cent in February last year which fell down by 6.4 per cent to 46.9 per cent in February 2021. This was the biggest decrease in market share that any manufacturer recorded last month as compared to February 2020.

Tata Motors ended up becoming the biggest gainer in the same month. The homegrown carmaker had a market share of just 5 per cent in February 2020, but it has now grown to 8.8 per cent. This helped Tata Motors climb up to the third position in the market last month, with a total of 27,224 cars sold. The Indian carmaker had only shipped 12,430 cars in the month of February 2020.

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