Maruti Boosts Passenger Vehicle Market Share To 42 Pct In FY14

NEW DELHI: The country's largest carmaker Maruti Suzuki India (MSI) consolidated its position in the passenger vehicles segment by increasing its share to 42 percent in a declining market during 2013-14.

Its closest rival remained Hyundai Motors India Ltd with a 15.18 percent share, while Mahindra & Mahindra (10.15 per cent) overtook Tata Motors (7.94 percent) to the third spot.

Japanese major Honda was in fifth place with a market share of 5.36 percent, just ahead of Toyota's 5.14 percent.

Domestic sales of passenger vehicles, which includes 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 data from the Society of Indian Automobile Manufacturers (SIAM).

Maruti's market share increased from 39.43 percent in 2012-13, when Hyundai's was 14.39 percent, Mahindra's was 11.65 percent and Tata Motors 11.79 percent.

During FY14, 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 FY14 against 3,83,611 units in FY13.

Mahindra's passenger vehicle sales were down 18.14 percent 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.

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