Maruti to regain 50% market share by fiscal end
While the market leader in the Indian automobile industry has been facing a lot of heat from the increasing competition in the small car segment, the company is planning to regain its 50% market share in the Indian market by the end of fiscal 2011.
The MD of the company, Shinzo Nakanishi recently said that the company will be launching four models i. e. Alto, Estilo, WagonR, Eeco and SX4 on a single day in the Indian market that will help the company to bank more numbers from the domestic circuit.
It is to be mentioned here that the figures released by Society of Indian Automobile Manufacturers (SIAM), the market leader sold 2,82,488 cars during the April-July period, representing a 47.68 per cent share in the overall 5,92,405 units market.
It may be noted here that players like Ford, GM, Volkswagen and Nissan have recently launched their respective small cars in the Indian market and have been able to bank a decent response from the Indian consumer.
But it's not just Maruti alone, even its arch rival Hyundai Motor India's market share in the car segment also declined to 18.88 per cent in April-July from 20.89 per cent in the comparable period last year.