Kia, Hyundai, Tata gain utility vehicle market share in FY2021


Kia grows to grab 14.68 percent market share

Kia Motors India, which has been on a roll in the market, sold a total of 1,55,686 units in FY2021, notching a handsome 83 percent year-on-year growth and substantially increasing its UV market share to 14.68 percent from 8.98 percent a year ago. The Seltos, Kia’s first model for India, remains its bestseller with 89,173 units, followed by the Sonet with 63,717 units, and the Carnival MPV with 2,796 units. Kia’s strong performance means it has unseated Mahindra & Mahindra from the No. 3 position, edging ahead by a mere 156 units.

Hyundai increases market share by 1.5 percent

Hyundai Motor India, the No. 2 with 2,14,167 UVs sold in FY2021, increased its market share to 20.19 percent from 18.69 percent in FY2020. The new Creta, with 1,20,035 units or 56 percent of total Hyundai UV sales, is the biggest contributor, followed by the Venue with 92,972 units or 43 percent. The Kona Electric and Tucson make up the rest, with 1,160 units.

Tata makes comeback in UV segment

A resurgent Tata Motors, which clocked 60 percent YoY growth in its PV business, sold a total of 86,447 units in FY2021, up 46 percent (FY2020: 59,381), enough to see its UV market share increase to 8.15 percent from 6.28 percent in FY2020. The popular Nexon compact SUV was the bestseller, with 63,756 units or 74 percent of total sales, followed by the combine of the Harrier, Safari and Sumo with 22,691 units.

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