Maruti Suzuki registers highest market share in 14 years
With only a few days left in this financial year, Maruti Suzuki India Ltd. is expected to finish off with an enviable market share of 47% which is highest in 14 years. India’s largest passenger car maker entered this fiscal with a share of 45%.
Over the course of this fiscal, MSIL saw double digit sales growth aided primarily by the Baleno. Continued domination of the Alto, Wagon R, Swift and Dzire in their respective segments too helped the automaker end the year on a high note.
Meanwhile Hyndai India is estimated to finish FY2015-6 with a highest ever market share of 17.5%. So, Maruti and Hyundai together command around 64% of the market, while rest of the companies jointly account for only 35%. Save for the top 2, none of the automakers have a double digit market share in India. Mahindra & Mahindra comes in at 3rd sport with a share of little less than 9%. Both Maruti and Hyundai are also set to registered their highest ever fiscal sales in the history.
Also read – Maruti Vitara Brezza review
Even in the upcoming fiscal, Maruti and Hyundai are expected to continue their impressive growth rate, thanks to good response for products like the Creta and new Brezza.
Maruti Suzuki Vitara Brezza – Photos
Via – Business-Standard.com