Automobile makers had a tough year. In FY21, 23 lakh passenger vehicles (PVs) were sold at a retail level, a 14% decline YoY. The country's largest carmaker Maruti Suzuki India (48% market share) sold 1.7 lakh fewer cars than the previous year. Mahindra & Mahindra sold 85,000 fewer cars in FY21 than FY20. Tata Motors and Kia Motors were the only PV makers to sell more cars in FY21 than the previous year among the top-10 carmakers in the country.
