new delhi with the covid19 second wave reaching its peak in the first month of the current fiscal year the country witnessed a massive rise in virus cases during midapril and may 2021 what followed were oem plant shutdowns disrupted production schedules supply chain interruptions severe impact on indian hinterland and an overall negative sentiment in the indian economythe passenger vehicle industry which involves a highly intertwined supply chain to produce bigticket items on a mass scale has been under severe pressure over the past three yearsmeanwhile looking at the sales trend for the current fiscal year the segment has been picking up the fastest and three months down the line there are visible green shoots in the oem dispatches to the dealers however since this growth is on last years low base the industry still stands far away from the normal volumes advt going forward industry experts remain optimistic about the sequential recovery due to increased vaccination customer interest in suvs and the excitement of new launches which may contribute in regaining lost volumes however overall outlook for fy22 remains uncertain with the fear of the covid third wave and its repercussionsaccording to emkay global financial services domestic pv industry volumes in june 2021 increased to around 255700 units implying a 6 cagr over june 2019we have compared volumes with june 2019 numbers the twoyear cagr was 34 for tata motors and 7 for maruti suzuki while mahindra mahindra saw a decline of 5 we expect further improvement in q2fy22 driven by the easing of lockdowns pentup demand and low dealer inventories the research firm saidwinners and loserswhile some companies are losing a significant volume of their market share to the rivals others are gaining to rise up the ladder with customer traction over their fresh product launches from the last fiscal auto firms which were losing out in the market are further marginalisedthe undisputed leader of the indian car market maruti suzuki india limited msil dispatched 293062 units in the first quarter of the current fiscal year as against 64976 units in q1 fy21 the demand for personal mobility and the reliance on a trusted brand has been a distinguisher for the maker of swift and wagonr however the company failed to launch any new product or platform during the past year its market share fell to 457 in q1 fy22 from the previous high of 51 in fy20 advt domestic sales in q1 fy22 domestic sales in q4 fy21countrys second largest carmaker hyundai motor india hmi is playing on its suv portfolio the automaker has established itself with the creta model and is maintaining its market share in the suv segment tata motors remained as the third largest automaker overtaking mahindra mahindra by a position shailesh chandra president passenger vehicles business unit tata motors said in the ev segment despite witnessing difficult business conditions the company posted the highestever quarterly sales of 1715 units this was on the back of the increasing demand for nexon