Maruti Suzuki has retailed a total of 1,61,497 units and now holds a massive market share of 54.26 percent in India
With Indian auto industry posting steady growth in recent years, it was about the right time for achieving new milestones and the sales chart for May 2018 was no different. Maruti Suzuki and Hyundai led the league ahead of others and with new products coming in across the segments from different manufacturers, buyers are left with plenty of choices.
The Indo-Japanese brand has retailed a total of 1,61,497 units and now holds a massive market share of 54.26 percent. The Korean company, Hyundai, continues to be in at second ahead of others with market share of. 15.12 percent after having retailed 45,008 units. Hyundai has top performers like Grand i10, Elite i20, Creta and Verna reaping volumes every month.
|Car Sales In India In May 2018|
|S.No||Manufacturers||Number Of Units|
Mahindra & Mahindra was positioned third ahead of Tata Motors and Honda Cars India. The largest UV producer in the country has managed to sell 20,715 units last month with market share of 6.96 percent in third position. Running close in fourth and fifth are Tata and Honda respectively with 5.88 percent and 5.33 percent market share.
They recorded 17,489 and 15,864 units helping in the industry able to reach massive cumulative sales of over three lakh cars for the first time ever. At sixth was Toyota Kirloskar Motor with 4.41 percent market share domestically. Mainstay manufacturers have responded to the growing craze of SUVs and crossovers while Toyota launched Yaris C-segment sedan observing the popularity of Honda City and Hyundai Verna.
Tata’s recent surge in sales growth is due to the latest products such as Tiago and Nexon and the same can be said for Maruti Suzuki with Vitara Brezza and Baleno. Honda’s introduction of new generation Amaze has paid dividends as the brand endured 42 percent growth.