Page 2 - Passenger Vehicle Market Share

Maruti, Honda and Tata Motors corner bulk of market share in 2017

Three car makers cornered gains in the expanding domestic car market during 2017 calendar year. Maruti Suzuki was the biggest gainer in the world's fifth largest passenger vehicle market last year, followed by Tata Motors and Honda Cars. New and successful launches helped these three car makers to expand their market. Suzuki promoted Maruti ended 2017 with a share of 49.9 per cent against 47.3 per cent in 2016. This is the highest share seen by the company in over a decade. Maruti's gain is helped by the 15 per cent growth in domestic sales (to 1.6 million vehicles) on the back of demand for its popular models like Baleno, Brezza and the new Dzire (launched in mid-2017). Since the domestic market grew at around nine per cent last year, only those with a higher growth managed to gain share. Therefore, companies like Hyundai and Toyota expanded sales but did not expand their market size. Tata Motors clocked a growth of 18.8 per cent in domestic sales to 169,852 units during 2017 riding .