Technology

Tata Motors defeats Mahindra to jump to third place in PV sales in 2009, expanding market share

Self-cultivated automobile major (Tamo) occupies the third position in passenger car sales in the 2020-21 fiscal year. This was a 69% increase compared to the previous fiscal year, as the company recorded sales of Rs 222,000 in FY2010.

Tamo recorded the highest sales in eight years to regain its third spot in the local passenger car market. According to experts, this is Altros And Safari.. National UV makers Mahindra & Mahindra have been pushed back to 4th place in a neck-to-neck PV sales battle with South Korean car makers. Kia..

Shailesh Chandra, President of the Passenger Car Business Unit, said: This year was 8.2%, the highest increase in market share with a 2% decrease in industry PV. The company also reported that the PV range of electric vehicles also showed good traction, with March sales quadrupled to 29,654 units. Against the backdrop of Nexon’s success, Tamo saw a triple in 2010 sales of 4219 EVs.

Interestingly, homemade UV player Mahindra has recently faced the unique challenge of cutting off the supply of electronic chips. According to industry experts, this is affecting the company’s delivery times. In 2010, Mahindra was fourth with a 5.8% share, while South Korean car maker Kia is approaching fifth with a 5.7% share. Kia gained 3% market share with top-selling products Sonet and Seltos, while Mahindra grew from 6.7% to 5.8%. This is the lowest market share ever for passenger cars.

Veejay Nakra, CEO of M & M’s automotive division, predicts that while its brand has gained strong traction and bookings, supply challenges will continue for the next few months before it gradually eases. Said that. “March’s bolero volume was the highest this fiscal year, and despite supply constraints, we were able to significantly increase bolero picup production during the month,” added Nakura.

Market leader Maruti Suzuki reduced its market share of selling passenger cars of Rs 129,300 in the domestic market in 2010 from 50% to 48%. In March, the company reported PV sales of Rs. 146,000 for 76,240 units sold in March 2020.

“Car sales have recovered steadily due to stagnant demand and consumer preference for personal mobility, but sales could have been better if available. Multi-Suzuki ED, Shashank Srivastava He has peaked production capacity in recent months, but retailers are running low in stock, clearly reflecting that retailers are better than wholesalers.

Hyundai Motor Co., Ltd., a Korean car maker, has succeeded in maintaining a market share of 17.3% in second place, with Crete being the best-selling UV in the market. Toyota has a market share of 3.4%, primarily based on the success of the newly launched Urban Land Cruiser, making it the sixth-largest surprise factor.

Despite the rapid recovery of the PV segment in the last few months, wholesale volume in the previous fiscal year decreased by 3% to 2.68 million units. Going forward, industry experts say that buying motivation will depend on Covid’s peak conditions.

https://economictimes.indiatimes.com/industry/auto/auto-news/tata-motors-jumps-to-third-position-in-pv-sales-for-fy21-beating-mahindra-and-grows-in-market-share/articleshow/81934213.cms Tata Motors defeats Mahindra to jump to third place in PV sales in 2009, expanding market share

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