Corona also showed effect in March: vehicle registration declined by 28%, 2W 35% and 3W fell by 50%; Maruti’s market share rose to 46%


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The effect of the corona virus is not ending with the auto

industry. The Federation of Automobile Dealers Association (FADA) has released figures of vehicles to be registered in March. According to these figures, vehicle registration declined by 28.64% on an annual basis. However, the figures are better than in February 2021. Even in February, vehicle registrations fell by 13.43% year-on-year. Let me tell you that for the last two months only growth has been seen in the passenger vehicle and tractor segment.

All India Vehicle Registration Data March 2021

Category March ’21 March ’20 YoY%
2W 11,95,445 18,46,613 -35.26%
3W 38,034 77,173 -50.72%
PV 2,79,745 2,17,879 28.39%
Tractor 69,082 53,463 29.21%
CV 67372 1,16,559 -42.20%
LCV 38,450 70,611 -45.55%
MCV 4,663 8,342 -44.10%
HCV 18,609 33,397 -44.28%
other 5,650 4,209 34.24%
The total 16,49,678 23,11,687 -28.64%

28% growth in passenger vehicle segment
While overall vehicle registrations declined in March, the passenger vehicle segment grew by 28.39% during this period. Last month, 2,79,745 vehicles were registered in this segment. In March 2020, the figure was 2,17,879. That is, 61,866 passenger vehicle registrations were registered on an annual basis.


29% growth in tractor segment
There has been a steady increase in tractor sales and registrations during the Corona period. The segment grew 29.21% in March 2021 as well. Last month, 69,082 tractors were registered in this segment. In March 2020, this figure was 53,463. That is, on an annual basis, the registration of 15,619 tractor passenger vehicles was more than last month.

Maruti dominates the passenger vehicle segment
Last month, 1,29,412 vehicles of Maruti Suzuki India Limited were registered. In March 2020, 94,355 vehicles were registered by the company. The company’s market share increased to 46.26% as compared to March 2020. Hyundai Motor India Limited was followed by Hyundai Motor India Ltd. at 16.34%. It registered 45,719 vehicles.

Market share of top-5 passenger vehicle companies in March 2021

company Registration unit Market share
Maruti Suzuki 1,29,412 46.26%
Hyundai motor 45,719 16.34%
Tata motor 24,541 8.77%
Mahindra & Mahindra 15,329 5.48%
Kia Motors 15,256 5.45%

Hero dominates the two-wheeler market share
While there has been a decline of 35.26% in the vehicle registration of the two-wheeler segment, Hero MotoCorp Limited has gained the most in the meantime. In March, Hero registered 3,96,573 vehicles and had a market share of 33.17%. However, its market share fell 9.54% compared to March 2020. Honda Motorcycle and Scooter India stood at second place in the market share with 26.19%.

Market share of top-5 two-wheeler companies in March 2021

company Registration unit Market share
Hero Motcorp 3,96,573 33.17%
Honda motorcycle 3,13,101 26.19%
Tvs motor 1,78,377 14.92%
Bajaj Auto 1,37,352 11.49%
Royal Enfield 60,189 5.03%

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