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While the collective market share of Korean automotive manufacturers, Hyundai and Kia, at present stands at 24 per cent, French manufacturers, primarily simply Renault, at present holds a complete market share of three per cent in India, However, the dominant market share of 55 per cent remains to be owned by Japanese OEMs.
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When we have a look at the whole Indian automotive market, the dominant market share is held by Japanese OEMs
According to the info lately shared by automotive insights and analytics supplier, JATO Dynamics India, Korean and French carmakers, particularly Kia Motors and Renault witnessed a rise of their market share in July 2020. The info shared by the info firm, which is especially primarily based on the OEM’s nation-of-origin, Korean automotive manufacturers, which incorporates Hyundai and now Kia as properly, noticed a four per cent progress in market share, in comparison with July 2019. Similarly, French automotive manufacturers, which at present solely consists of Renault (Citroen shouldn’t be operational but), witnessed a 1 per cent rise in market share in India.
Also Read: Top 10 Best-Selling Cars In July 2020
Japanese OEMs maintain a dominant market share within the Indian market. In July’20 the Korean and French OEMs strengthened their share with progress registered by @KiaMotorsIN & @RenaultIndia Country-of-origin issues within the relationship between model persona and buy intentions. pic.twitter.com/cjwJB1rNHC
— JATO Dynamics India (@JATOIndia) August 12, 2020
Now the collective market share owned by the Korean manufacturers, Hyundai and Kia, at present stands at 24 per cent and a serious chunk of it should be credited to Hyundai, which has been the nation’s second-largest automotive producer. However, we might consider that the extent of progress witnessed by the Korean manufacturers, compared to July 2019, is especially as a result of entry of Kia Motors, which solely began promoting vehicles in India from August 2019, with the very profitable Kia Seltos.
On the opposite hand, French manufacturers, primarily simply Renault, at present holds a complete market share of three per cent, and the truth that it has grown by 1 per cent is a serious growth. This will be largely credited to the Renault Triber subcompact MPV, which was additionally launched in August 2019, and is at present the corporate’s bestselling mannequin in India. To provide you with an thought, final month, Renault India witnessed nearly 76 per cent progress in automotive gross sales, in comparison with July 2019.
All that stated, after we have a look at the whole Indian automotive market, the dominant market share of 55 per cent remains to be owned by Japanese carmakers, and the most important contributor to that’s Maruti Suzuki India, which is the nation’s largest carmaker by way of quantity. In truth, as per JATO India, in July 2020 Maruti Suzuki India‘s complete passenger automotive gross sales stood at 97,700 models. In comparability, the collective gross sales of Hyundai, Tata, Mahindra, Kia, Renault, Toyota, Honda, Ford and MG was – 95,830, which is nearly 2 per cent lower than Maruti’s complete gross sales. However, the collective market share of Japanese manufacturers fell by four per cent, in comparison with July 2019.
Passenger autos registered a wise restoration in July with a gross sales progress of 69% over the earlier month. Market chief Maruti Suzuki, TATA Motors and Renault have grown home gross sales on an annual foundation in July.#automotive #gross sales pic.twitter.com/t9wZiR4LYz
— JATO Dynamics India (@JATOIndia) August 1, 2020
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In comparability, house-grown Indian carmakers like Mahindra, Tata, and others, maintain a collective market share of 13 per cent, and in July 2020 it fell by 0.2 per cent. US-primarily based manufacturers, which solely consists of Jeep as of now, holds a 2 per cent market share as of July 2020, however that is after witnessing a decline of 1 per cent in comparison with July 2019. According to JATO, Chinese and German carmakers every at present maintain a 1 per cent market share in India, however whereas the previous witnessed a progress of 0.three per cent in July 2020, German automotive manufacturers, noticed a decline of 0.three per cent throughout the identical month, as in comparison with July 2019. The remaining market share is held by the Czech OEM Skoda Auto, which additionally noticed a decline of 0.1 per cent in its market share in India, as towards July 2019.
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