Maruti gains market share in Q1; Tata Motors pips Honda

NEW DELHI: The country's largest carmaker Maruti Suzuki India tightened its grip on domestic passenger vehicles segment by increasing its market share to 52.54 per cent in the first quarter of the ongoing fiscal.

During the April-june period, Tata Motors overtook Honda Cars India to become the fourth largest player in terms of market share.

According to the latest data by Society of Indian Automobile Manufacturers (SIAM), total domestic passenger vehicle (PV) sales in the first quarter of this fiscal grew 19.91 per cent to 8,73,501 units as against 7,28,483 units.

Maruti Suzuki India (MSI) sold 4,58,967 units of PVS in the April-june period as against 3,67,386 units in the year-ago period, a growth of 24.93 per cent. In terms of market share, MSI saw it increase to 52.54 per cent during the first quarter, up from 50.43 per cent in the yearago period.

The company has witnessed good demand of its models such as the new hatchback Swift, compact sedan Dzire, SUV Brezza and premium hatchback Baleno.

Second-placed Hyundai Motor India sold 1,37,114 units during the period as against 1,24,327 units in the first quarter last fiscal, up 10.28 per cent, SIAM data showed.

However, the company's market share fell to 15.69 per cent in the first quarter this fiscal from 17 per cent in the yearago period.