Hyundai's share in passenger vehicles at 5-yr high as Maruti loses ground

The two-horse race between Maruti Suzuki and Hyundai in the passenger vehicle market has seen Maruti ceding some ground to its Korean rival. Till recently, Maruti sold a little more than one in every two cars. The two companies account for more than 68 per cent share in a market comprising 20 players, including latecomers such as MG Motor India and Kia Motors India. Amid one of the worst and most prolonged car sales slowdowns, Hyundai’s share in the competitive passenger vehicle market increased to 18.36 per cent in the first five months of the current financial year, up from 15.....

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