17 years on, Maruti still commands 50% share of Indian car market

Renault could not meet the pricing parameters set by the Indira Gandhi government. And so to bring to life her son Sanjay Gandhi’s dream of making an a common man’s car for India it went ahead to join hands with Suzuki Motor Corporation.

Maruti’s closest competitor Hyundai, which entered India in 1998, has only 16 percent share, as of today. Renault, which ultimately entered India in 2005 through joint venture with Mahindra & Mahindra (M&M) to make the Logan, has not covered much distance either. By end of July the French company had a share of just 3 percent while the JV with M&M was dissolved in 2010 itself.

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Alto (800cc and 1000cc) generates 17 percent of the volumes of Maruti Suzuki selling an average of 21,000 units every month. This is followed by the Swift with average sales of 15,000 units a month. Both the models have not received any significant upgrade in the past few years.

 #Automobile #Business #Companies #Maruti Suzuki #Renault #Suzuki

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Stock Market News 6 sep 17

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 HCL Technologies, InterGlobe Aviation, Jet Airways, Merck, Dabur

HCL Technologies | Maruti Suzuki India | InterGlobe Aviation | Jet Airways | Merck India and Dabur India are stocks, which are in the news today.


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