The country's leading passenger car manufacturer, Maruti Suzuki has announced that it has further increased its market share between April and July in 2013. In an official press release, the company said that it has registered over 40 per cent market holding as of now in the passenger car segment. The Indian car market is currently facing a decline in demand and with Maruti Suzuki increasing its grip on the market share, it further cements its position as the leading car company in the country.
During July 2013, Maruti Suzuki's share in India saw a rise of 5 per cent as compared to July 2012 with the figures for July 2012 reaching a mark of 34.96 per cent to rising till 40.34 as in July 2013. In this month, the company sold 75,145 units in the domestic market as compared to the overall market figure of 1,86,239 vehicles. As per data sourced by Society of Indian Automobile Manufacturers, Maruti Suzuki sold 3,20,491 units as compared to the industry figure of 7,93,708 passenger vehicles sold in the domestic market in the period of April to July 2013. During July 2012, Maruti Suzuki passenger car sales stood at 71,024 units while the total numbers for the Industry were 2,03,119 units.
Maruti Suzuki's nearest rival Hyundai Motor India Limited also registered an increase in its market share in India while local companies Mahindra & Mahindra and Tata Motors performed below par. Hyundai India's market share in July 2012 stood at 13.58 per cent as compared to this year's 13.94 per cent.
Mahindra & Mahindra's market share decreased marginally to 10.82 per cent at 85,924 units as compared to last year's figures of 10.94 per cent at 93,930 units. The considerable effect of declining demand was seen on Tata Motors, which suffered heavily with market share falling to 8.9 per cent as compared to last fiscal year's performance of 1,08, 517 units. During the month of July in the current fiscal year, Tata Motors market share saw a decline by 9.8 per cent with 18,054 units as compared to 16.19 per cent market share with 32,730 units in the same month last year.
Apart from market share, the overall passenger vehicle sales in India dropped to 7.49 per cent with 7,93,708 units sold during the period of April to July as opposed to 8,57,977 units a year earlier.
