Maruti Suzuki's PV market share shrinks in April-Aug
Auto-makers Maruti Suzuki India and Tata Motors' domestic passenger vehicle market share declined in April-August this year
New Delhi: Auto-makers Maruti Suzuki India and Tata Motors' domestic passenger vehicle market share declined in April-August this year, while Hyundai and M&M witnessed gain in the same period, as per data compiled by industry body SIAM.
The country's largest car-maker Maruti Suzuki India (MSI) saw its market share dip by over 2 percentage points during the period under review and slip below 50 per cent in the domestic passenger vehicle segment in April-August.
The company sold 5,55,064 units this fiscal as compared with 7,57,289 units during April-August previous year. Its market share has come down from 52.16 per cent last year to 49.83 per cent in the April-August this fiscal.
Overall PV sales during the April-August of the current fiscal stands at 11,09,930 units as compared to 14,51,647 units. When contacted MSI executive director (marketing and sales) Shashank Srivastava said that while cars and vans (A and C segment) have performed well, there has been a drop-in sales of utility vehicles (B segment). "This is because of constraint in supply of Ertiga having a large waiting period," he added.
Besides, there is a shift in consumer preference in SUV segment towards petrol where currently the company does not have a variant, Srivastava said adding that MSI plans to introduce petrol variants of Vitara Brezza and S-Cross BS-VI later this fiscal.
Similarly, Tata Motors has reported sales of 60,093 units this fiscal so far as against 98,702 units last year. Its market share has fallen by 1.39 percentage points to 5.41 per cent in the current fiscal as against 6.79 per cent last year.
On the other hand, Hyundai Motor India saw its market share go up by 2.77 percentage points in the April-August this year. The company sold a total of 2,03,729 units this fiscal as compared to 2,26,396 units.
Despite selling less this fiscal, the company's market share has risen from 15.59 per cent last fiscal to 18.36 per cent. "2019 is a milestone year for Hyundai Motor India as we launched three products in three different segments.
The new launches have led to increase in customer traction, footfalls in showrooms and market share," Hyundai Motor India Ltd National Sales Head Vikas Jain said.