Passenger car market share India 2023, by vendor

Maruti Suzuki had the leading share in the passenger car market across India in the year 2022 with more than 46 percent. The top four players held approximately 80 percent of the market share. This was predominantly due to brand loyalty and new launches. Kia Motors India Beating these odds was Kia Motors which entered the Indian market in the second half of 2019. Withspecial utility vehicles (SUV), the company saw considerable increase in sales. Within ashort span, the company outperformed its well-established foreign competitors, includingGerman based Volkswagen, Toyota, and Honda.Slowdown of the passenger vehicle segment Despite the company’s success, the industry overall witnessed a double-digit drop in the sales volume of passenger cars between 2020 and 2022. This was presumably due new emission standards, a general slowdown in the economy, and the coronavirus (COVID-19) outbreak. Since 2023, the sales volume started to slowly climbing back to pre-pandemic level.

2022年，玛鲁蒂铃木在印度乘用车市场中占据领先地位，市场份额超过46%。前四名的市场参与者共占有约80%的市场份额。这一成绩主要得益于品牌忠诚度及新产品的推出。在诸多不利因素中脱颖而出的是起亚汽车印度分公司，该公司于2019年下半年进入印度市场。凭借其特殊用途车辆（SUV），公司销量显著增长。在短短的时间内，该公司超越了包括德国大众、丰田和本田在内的众多已建立的外国竞争对手。尽管如此，整个行业在2020年至2022年期间见证了乘用车销量出现两位数的下滑。这可能是由于新排放标准的实施、经济总体放缓以及新冠疫情（COVID-19）的爆发。自2023年起，销量开始缓慢回升，逐渐恢复至疫情前的水平。