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Maruti Suzuki registers highest market share in 14 years

 
Maruti Vitara Brezza Review

The top 2 players in the market together hold a market share of 64%.

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.

Suzuki Baleno SHVS at 2016 Geneva Motor Show

New products like Baleno and Brezza boosted Maruti Suzuki’s fortunes.

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.

hyundai creta inquiries

The Creta helped Hyundai register its best ever sales performance in India.

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

 

About the author

Nithyanandh Karuppaswamy

Winner of national level automotive quiz competitions, Nithyanandh aka Nithz jumped into the blogosphere right after gaining a degree in Mechanical Engineering. Love for automobiles and an even greater drive to share his knowledge with the automotive community, Nithz is Deputy Editor at RushLane.

Email - nithyanandh@rushlane.com