Maruti Suzuki, Hyundai market share falls to 12-Year low in first half of FY25 as new entrants gain ground

economictimes.indiatimes.com:

According to a research report by Jefferies, the combined market share of the two top automobile manufacturers--Maruti Suzuki and Hyundai--has slipped to a 12-year low in the first half of fiscal year 2025 (1HFY25).

This shift highlights a dynamic change in consumer preferences and competitive positioning within the PV sector.

The report said, «Market shares of the top 2 OEMs (Maruti and Hyundai) slipping to 12-year lows in 1HFY25 and Mahindra and Toyota climbing to all-time highs».

While Maruti Suzuki and Hyundai have traditionally led the PV market in the country, other players, particularly Mahindra & Mahindra (M&M) and Toyota, are making significant inroads.

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