Six car models have about 63% market share
Published On Jun 16, 2009 01:06 PM By Vidyadhar
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Maruti Suzuki's three models have been dominating the Indian car market so far. These are Alto, Wagon R, Maruti Swift. Overall, six car models constitute about 63 percent market share including Maruti's three models and Tata Indica, Hyundai i10 and Hyundai Santro. These six models together sold nearly 7.6 lakh units in the last calendar year. This is estimated from the last calendar year in which 50 new car models were launched. Sales of Maruti Swift (both sedan and hatchback) performed excellently in the market. On the other hand, there are models which sold in low figures as well – Skoda Fabia, Ford Fusion, Hyundai Sonata and Fiat 500, have not tallied impressive numbers. Small car segment clearly dominated the market and this segment showed little signs of slow down due to the credit crisis or global meltdown. Analysts expect that dominated presence of Maruti may be over-shadowed this year with the launch of Tata Nano in this segment.