Tata, Bajaj skid in auto mkt
Tata Motors, Honda Siel Cars, Ford and Bajaj Auto have emerged as the biggest losers in marketshare in the April-October period, reports Sumant Banerji.autos Updated: Nov 19, 2008 22:16 IST
Tata Motors, Honda Siel Cars, Ford and Bajaj Auto have emerged as the biggest losers in marketshare in the April-October period, while Hyundai and Hero Honda have gained the maximum share of the pie during the period compared to last year.
A 7 per cent decline in car sales for the homegrown Tata Motors resulted in it losing 1.4 per cent share but it stayed on as the third largest carmaker in the country. Hyundai which saw the maximum growth in sales at 27 per cent had a 21 per cent share crossing the 20 per cent mark for the first time. Despite a relatively subdued year, market leader Maruti Suzuki retained its over 51 per cent share.
In the two-wheeler segment, Bajaj Auto lost ground heavily with its share slipping from 23.6 to 19.6 per cent in the April-October period. Bajaj’s bleak year helped segment leader Hero Honda inching closer to the 50 per cent mark, at 47.8 per cent, up 3.7 per cent from last year.
First Published: Nov 19, 2008 22:14 IST