With many players entering the small car segment in India with new models, leading players like Maruti Suzuki, Hyundai Motor and Tata Motors lost their market share in 2010-11 to mainly Ford India and Volkswagen, says SIAM.
According to figures released by the Society of Indian Automobile Manufacturers (SIAM), the country's car market leader Maruti Suzuki India's (MSI) market share in the passenger car segment fell to 48.74% in the last fiscal from 50.09% in 2009-10.
MSI's domestic sales, however, increased to 9,66,447 units from 7,65,533 units in the previous fiscal, SIAM said.
In 2010-11, the overall domestic passenger car sales rose by 29.73% to 19,82,702 units from 15,28,337 units in the previous fiscal.
Hyundai Motor India also saw its market share declining to 18.10% in FY 2011 from 20.61% in the previous year.