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09-21-2010, 11:15 AM #1
India's fastest selling cars in AugustEven though the booming Indian car market is attracting car companies from across the world, it is ultimately three Indian carmakers -- Maruti Suzuki, Tata Motors and Mahindra & Mahindra -- who between them hold about 67 per cent of the passenger car market in the country.
In the month of August 2010, the Indian car industry posted sales of 160,794 units and the industry grew by an astounding 33 per cent. According to government sources, the Indian car industry became the seventh largest car manufacturer in the world.
In the list of top 10 selling cars across segments there are five Maruti models and three Tata models. And Mahindra has its Scorpio and Bolero models doing very well in the Sports Utility Vehicle segment, but they are yet to make it to the top 10 list.
Percentage-wise, the top five carmakers in the country include Maruti with 45 per cent of the total market followed by Tata at 14.84 per cent, Hyundai at 14 per cent, Mahindra at 6.68 per cent and Ford at 3.88 per cent. Three out of the five are mostly India-based carmakers that have been around for several years.
The factors that the indigenous companies have in their favour is the extensive dealership network, cheaper after sales services, lesser maintenance costs and a know how to make affordable products. Also, carmakers like Maruti have volumes of sales that enable it to sell cars at competitive prices....being a human...
09-21-2010, 11:20 AM #2