Maruti Suzuki reports a slight dip while Tata Motors sees the biggest jump in market share.
The Indian auto industry continued to report double-digit year-on-year growth in June. The overall growth of the industry stood at 25% as compared to the same month last year. In terms of month-on-month growth, the industry showed a growth of 9% as compared to May in India. Here’s how the 5 top-selling brands in India performed last month.
Maruti Suzuki was interestingly, the only automaker to report a Y-o-Y decline after its market share fell by a massive 10%. The country's largest carmaker is losing Market Share consistently and is now pulling up its sleeves with the launch of New Brezza in the Arena channel and a new mid-SUV (Nexa channel) to regain its share.
Hyundai was able to regain its second position with a lead of nearly 4,000 units over Tata Motors. The Korean carmaker recently upgraded its Venue and shall be attempting to strengthen its hold in the sub-4m compact SUV space. The company also recently expressed interest in slowly phasing out hatchbacks and moving its portfolio more towards lucrative SUV/MPV segments.
Tata Motors continued with impressive sales after it reported the highest market share increase last month. The company saw a massive YoY jump of 87% and is consistently reporting dispatches of over 40,000 units every month.
Mahindra marginally took the lead over Kia after it sold 26,640 cars last month. This reflected a YoY growth of 60.1%. The company did not show any monthly growth after recording the same figures as in May.
Kia trailed closely behind Mahindra after it sold 24,024 units in June. The company showed a YoY growth of 60%. It reflected a monthly rise of 28.3% in June after selling 18,718 units in May.