Maruti Suzuki market share has gone down by 0.6 per cent in October 2018 compared to the same month last year
Maruti Suzuki continues its domination in the Indian market as the company holds more than 48 per cent market share in October 2018. But the company registered 0.6 per cent drop in market share when compared to the same month last year. The Nexa dealerships contributed 10 per cent of sales in October.
The products sold via regular Maruti Suzuki dealerships contribute to 38.4 per cent last month when compared 39.1 per cent at the same month last year. The recent launch like the updated Ciaz has helped the Nexa to improve its market share while other products like S-Cross and Baleno are also posting good growth each month.
The second position in the Indian market is held by Hyundai which hold more than 18 per cent market share in the Indian car market. When compared to the same month previous year, Hyundai registered 0.5 per cent growth and the company is expecting the positive sales momentum to continue forward with new launches.
The Santro is the model which made the brand popular in the Indian market and the company has re-introduced the popular hatchback in India last month with a new design theme. The initial response for Santro is really good and it is the first model from Hyundai to come with AMT transmission, which will be introduced in other models also.
Maruti Suzuki and Hyundai are both working on a number of new products as the former is going to introduce new generation Ertiga this month and new Wagon R is also expected to be launched by February 2019. The Korean manufacturer is planning to introduce a new compact SUV to rival Maruti Vitara Brezza followed by the new generation of Grand i10.
Mahindra holds the third position in the Indian car industry as the company has 8 per cent market share and when compared to the same month last year, the market share has gone up by 0.2 per cent. Tata Motors market share has gone up by 0.5 per cent to 6.5 per cent compared to October 2017 and the company will kick off 2019 with new Harrier in January.