Hero Honda, Hyundai increase hold
In one of the worst fiscal years for India’s automotive industry in recent times, Hero Honda and Korean carmaker Hyundai were the two clear gainers in market share in 2008-09.autos Updated: Apr 16, 2009 23:07 IST
In one of the worst fiscal years for India’s automotive industry in recent times, Hero Honda and Korean carmaker Hyundai were the two clear gainers in market share in 2008-09.
Bajaj Auto Ltd was the biggest loser across all segments and is now closer than ever before to losing its number two position in the two-wheeler segment.
In the passenger car space, the top three — Maruti, Hyundai Motors and Tata Motors —moved even further apart from the rest in a market that tilted more towards small cars. Maruti improved its share marginally to 52.21 per cent while Hyundai, still basking in the success of the i10 model, cornered 20.01 per cent of the pie.
In 2007-08, Hyundai Motors had a market share of 17.97 per cent.
Hero Honda, aided by a rural focus, ate into all rivals. Against a share of 44.78 per cent in 2007-08, the company now has a share of 48.95 per cent in the two-wheeler segment and an even higher 59.77 per cent in motorcycles.
That came at the expense of Bajaj which is now in real danger of losing its number two position to either TVS Motors or Honda Motorcycle and Scooters India.
From commanding almost a quarter of the pie last year, Bajaj’s share has shrunk to 17.29 per cent in 2008-09. TVS Motors and Honda Motorcycle and Scooters India are breathing down its neck with 15.28 per cent and 13.66 per cent respectively.
In commercial vehicles, in the worst year since 1991, Mahindra and Mahindra emerged as the dark horse, snaring 14.52 per cent market share, a more-than 3 percentage point growth.