Maruti now owns one half of the auto market
  • Posted on : Thursday , 16th February 2017

 NEW DELHI: Maruti Suzuki accounted for one in every two passenger vehicles sold in India in January, achieving the feat for the second time this fiscal year as the automaker further consolidates its position at the top of the local market.Riding high on the success of premium hatchback Baleno and compact SUV Vitara Brezza, the local unit of Japan’s Suzuki Motor made 50.4% of all cars, utility vehicles and vans sold in India the past month. The company’s market share was 45.9% a year earlier, while its alll-time high was 52%, recorded in November 2016. 

 
The numbers are of dispatches from factories to dealerships — automakers in India don’t report retail sales. With the cash crunch post demonetisation easing and customers returning to dealerships, Maruti sent more cars to the dealers in the past month. As many as eight of the 10 top-selling models in the country had the Maruti Suzuki tag on them in January. 
 
Maruti’s sales rose nearly 26% in January. It outpaced industry passenger vehicle sales growth of 14.5%, which was the fastest in four months. Manufacturers sold more than 2.65 lakh passenger vehicles in January, according to sales numbers released by automakers and industry estimates.
 
The comparison got a little help from the low base from the year-earlier month, when the industry was reeling under a court-imposed ban on large diesel-powered vehicles in the National Capital Region. 

Source : economictimes.indiatimes.com

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