Dip in Maruti dominance, festive season blues: How the auto industry is changing gears
India Today
While Maruti Suzuki lost a significant share in the market, other brands have gained a share in the pie.
It has been an uneven road for the car industry over the last few years. Several ups and downs have changed consumer preferences and market dynamics alike. While auto giant Maruti Suzuki, which accounted for nearly half of the Indian car market until last year, significantly lost its market share by almost 10 per cent, other brands such as Tata Motors, Toyota and Renault have gained a share in the pie.
In the last two financial years, car sales for Maruti Suzuki declined in all the four major segments; mini, compact, mid-size and utility vehicles. In the current year, sales saw a recovery, but the cues from low base effect cannot be ruled out.