The largest car manufacturer of the country Maruti Suzuki India Ltd (MSI) which had ruled the passenger car segment for over a decade now has some problems on its hands. According to a report in Live Mint, Maruti’s share in the country’s passenger vehicle market slipped to nearly 40 percent, it’s lowest in a decade, mainly because of labour unrest at a plant and the entry of rivals in the small-car segment.
As per the report said that MSI sold 40.3 percent of the 977,201 passengers vehicles sold nationwide until August this fiscal, compared with 44.9 percent a year earlier, according to Society of Indian Automobile Manufacturers (SIAM). In 2000, the company’s passenger vehicle market share was 55.5 percent. It was mentioned that the main gainers this fiscal are Toyota Motor Corp., which has increased market share from 3.3 percent to 5.6 percent, and Volkswagen AG, which has risen to 3.2 percent from 1.2 percent. The report also stated that Maruti’s share could shrink further. Its sales in September were down 17.2 percent from a year earlier to 78,816 units following a month-and-a-half-long stand-off between workers and the management at its plant in Manesar, Haryana.Vcommindia News
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