CarDekho reports 55 % surge in passenger cars search in Q1 of FY 22
New Delhi, July 28,2021:CarDekho, the leading auto-tech firm, today released a trend report on Passenger Cars search on its platform for April – June FY 22. The latest trends indicate massive growth in online searches and changing consumer trends. Across all its digital platforms, the company witnessed 227 million visits in Q1, FY22, a jump of 55% compared to the same period in FY21.
The post-Covid world witnessed a dynamic change in consumer patterns. The first Covid wave had nudged users towards personal mobility and the second wave accelerated the move. Consumer behaviour has changed drastically in the past year, witnessing changes across ages, segments and variants.
The biggest change has been the move towards Electric Mobility. The consistent upward movement of fuel prices has impacted customer confidence toward ICE engine powered vehicles. EVs on CarDekho platform witnessed a whopping 224 per cent growth in Q1 (April, May & June), FY2022, when compared to a similar period in FY2021.
Tata Motors led the search trend in EV space, with Tata Nexon EV being the most searched car with approximately 32% of total traffic. The company’s other model Tata Tigor, along with Nexon and MG ZS EV contributed almost 50% of the total traffic in the EV segment. Delhi was the key city for EV’s searches, followed by other metros and mini-metros. Surprisingly, many Tier 2 and 3 cities like Lucknow, Jaipur and Patna witnessed a spike in electric vehicle search, marking their presence in the top ten cities in this segment. Other prominent brands searched have been Strom Motors R3, Hyundai Kona, Mahindra E-Verito, MarutiWagonR Electric and the premium Jaguar I-Pace.
With rising fuel prices, Electric Vehicles saw their search market share grow to 3.39 per cent in June 2021 from 1.70 percent last year. Petrol variants continue to dominate search but have witnessed search market share degrowth by over two percent from 52.46 percent to 50 percent whereas the search market share for diesel vehicles have gained a marginal growth by 1%.
Top 10 Cars searched in June 2021 on Cardekho:
| SL NO. | MODEL |
| 1 | Hyundai Alcazar |
| 2 | Hyundai Creta |
| 3 | Kia Seltos |
| 4 | Mahindra Thar |
| 5 | Maruti Swift |
| 6 | Hyundai Venue |
| 7 | Kia Sonnet |
| 8 | Tata Nexon |
| 9 | MarutiWagonR |
| 10 | MarutiBaleno |
The SUV and Compact SUV segment continues to sustain customer confidence and search momentum. The newly introduced Hyundai Alcazar makes a remarkable entry in the Indian market as the most searched car. Maruti and Hyundai continue to dominate the searches with three products each in the top 10 most searched vehicles. Maruti dominated the search with Maruti Swift, WagonR and Baleno, whereas Hyundai led the search with its premium and Compact SUVs such as the newly launched Hyundai Alcazar, Hyundai Creta and Venue.
The Indian customer’s preference for SUVs and compact SUVs continues with over seven SUV models among the most searched. Other SUVs that made the top 10 searched vehicles are Kia Seltos and Sonnet, from Korean manufacturer KIA Motors followed by Mahindra Thar and TATA Nexon.
Top 10 cities searching cars online on CarDekho in June 2021:
Delhi continues to be the leader in online car search on CarDekho in June 2021. Surprisingly, the second, third, ninth and tenth positions were taken by Tier 2 cities like Pune, Lucknow, Patna and Jaipur respectively.
Metros and mini-metros from the southern and eastern parts of the country also made a strong contribution, with Hyderabad, Ahmedabad, Bangalore, Mumbai and Chennaiin fourth, fifth, sixth, seventh and eighth place respectively.
Tier 2 and 3 cities dominate the search with over 40 percent.
