Maruti Suzuki, Tata Motors' PV market share decline in April-Aug; Hyundai, M&M gain despite selling less this fiscal

First Post
September 15, 2019


New Delhi: Auto-makers Maruti Suzuki India and Tata Motors' domestic passenger vehicle market (PV) share declined in April-August this year, while Hyundai Motor India and Mahindra & Mahindra (M&M) witnessed gain in the same period, as per data compiled by industry body Society of Indian Automobile Manufacturers (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 percent 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 percent last year to 49.83 percent 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 told PTI that while cars and vans (A and C segment) have performed well, there has been a drop in sales of utility vehicles (B segment).
Representational image. Reuters
"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 percent in the current fiscal as against 6.79 percent 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 percent last fiscal to 18.36 percent. "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.

Similarly, Mahindra & Mahindra (M&M) sold 89,733 units this fiscal so far as compared with 1,00,015 units in April-August last financial year, still its market share has risen by 1.19 percentage points this fiscal to 8.08 percent from 6.89 percent.

Likewise, Toyota Kirloskar Motor sold 53,977 units this fiscal so far as against 67,051 units in the same period previous year. Its market share rose to 4.86 percent from 4.62 percent earlier.

Other players like Renault India, Skoda Auto, Volkswagen India saw their market shares increase marginally during April-August this year.
Honda Cars sold 51,569 units as compared to 79,599 units last year, shrinking its market share marginally to 4.64 percent this fiscal as against 5.48 percent in the same period last fiscal.

Similarly, Ford India saw its market share go down marginally to 2.7 percent from 2.81 percent in April-August last year. It sold 30,010 units this year as against 40,799 units.

Nissan Motor India saw its market share dip to 0.73 percent this fiscal as against 1.14 percent in the year-ago period. The company sold a total of 8,070 units so far this fiscal as compared to 16,515 units.

Newcomers Kia Motors and MG Motor India saw their market share in the PV segment at 0.56 percent and 0.32 percent, respectively, this fiscal so far. Kia Motors overall wholesales stood at 6,236 units during the April-August period as compared with MG Motor's 3,526 units.

  Reference:- https://www.firstpost.com/business/maruti-suzuki-tata-motors-pv-market-share-decline-in-april-aug-hyundai-mm-gain-despite-selling-less-this-fiscal-7342711.html

Comments

Post a Comment

Popular posts from this blog

India Joins Russia in Voting Against West-Backed Move to Expand Powers of OPCW

The Wire: June 28, 2018 New Delhi: India voted against a UK-backed move that will allow the global chemical weapons watchdog to apportion blame for illegal attacks, criticising the decision to grant “unchecked powers” to the head of the group which could be used for “partisan” purposes. On Wednesday, more than two-thirds of the member states of the Organisation for the Prohibition of Chemical Weapons (OPCW) voted to authorise the international body to identify the perpetrators and sponsors of a chemical weapons attack. It also specifically called on the OPCW’s technical secretariat to begin work on identifying the perpetrators behind the use of chemical weapons in Syria. The draft decision, sponsored by 30 countries, was adopted at the fourth special session of the conference of the states parties to the Chemical Weapons Convention at the Hague, with 82 in favour and 24 negative votes. While Europe, the United States and their allies voted ‘yes’, there was strong oppo...
Read more

As financial insecurity rises in urban India, so does investment in insurance

Image
Scroll.in March 13, 2020 Urban Indians are becoming less confident about their financial security. Up to 58% of them fret over financial independence post retirement, which is a 4% increase from last year. An equal share of urban Indians worry about meeting their daily medical expenses and sustaining their current lifestyle once they stop working. The findings are part of a survey published by Delhi-based Max Life Insurance in association with London-based consultancy Kantar. The firms surveyed 7,014 respondents in 25 cities, including six metros, nine tier-1 cities, and 10 tier-2 cities, between December 2019 and January 2020. Source: Max Life Insurance via Quartz The trends Source: Max Life Insurance via Quartz Source: Max Life Insurance via Quartz Source: Max Life Insurance via Quartz A significant share of urban Indians also say their families will have no financial support in the event of the breadwinner’s death. In such a scenario, around 57% believe the family sav...
Read more

ED tracks Swiss Bank A/Cs of Agusta scamster

The Poineer February 10,2019 Rakesh K Singh The Enforcement Directorate (ED) has tracked a dozen Swiss bank accounts in the name of Rajiv Saxena, who is key accused in the Rs 3,600 crore AgustaWestland VVIP chopper scam. The ED has also found out accounts held by  his family members and associates where the kickbacks in the now scrapped deal were allegedly parked. Two bank accounts are in the name of Rajiv Saxena’s  associates Pankaj Jain and Sumita Jain who are also the authorised signatories. The  third is in the name of another associate Ajit Singh Bubber, but Rajiv and his family members are authorised signatories. The remaining nine accounts are largely owned and operated by Rajiv, his family members and associates. Rajiv Saxena was deported by the UAE authorities on January 30 and the ED formally arrested him the next day and a court later granted his remand to the agency. He is currently undergoing custodial interrogation by the ED. The agency had in 2017...
Read more