The country’s largest carmaker Maruti Suzuki India (MSI) consolidated its position in the passenger vehicles segment by increasing its share to 42 per cent in a declining market during 2013-14.
Its closest rival remained Hyundai Motors India Ltd with a 15.18 per cent share, while Mahindra & Mahindra (10.15 per cent) overtook Tata Motors (7.94 per cent) to the third spot.
Japanese major Honda was in fifth place with a market share of 5.36 per cent, just ahead of Toyota’s 5.14 per cent.
Domestic sales of passenger vehicles, which include cars, utility vehicles and vans, declined 6.05 per cent to 25,03,685 units in the previous financial year from 26,65,015 units in 2012-13, according to the Society of Indian Automobile Manufacturers (SIAM).
Maruti’s market share increased from 39.43 per cent in 2012-13, when Hyundai’s was 14.39 per cent, Mahindra’s was 11.65 per cent and Tata Motors 11.79 per cent.
During 2013-14, Maruti’s passenger vehicle sales grew marginally to 10,53,689 units from 10,51,046 units in 2012-13. Hyundai sold 3,80,253 units in 2013-14 against 3,83,611 units in 2012-13.
Mahindra’s passenger vehicle sales were down 18.14 per cent to 2,54,344 units from 3,10,706 units.
Tata Motors sold 1,98,812 passenger vehicles in FY14, a drop of 36.77 per cent from 314,464 units.
Honda Cars India posted growth of 82.81 per cent to 1,34,339 units.PTI