Sunday, September 16, 2018

Tata Motors narrows gap with Mahindra for 3rd biggest PV maker in India

Tata Motors is narrowing the gap with homegrown rival Mahindra & Mahindra (M&M) to challenge the position of third biggest passenger vehicle maker in India by sales. According to the latest SIAM data, Tata Motors is just 1,313 units shy of M&M during April-August this fiscal in the PV segment, which continued to be dominated by Maruti Suzuki India (MSI). In the reported period, M&M sold a total of 1,00,015 units, while Tata Motors, riding on models such as compact SUV Nexon and hatchback Tiago, sold 98,702 units to occupy the third and fourth positions, respectively. In the comparable period a year ago, M&M had sold 90,614 units occupying the third position with a lead of 26,483 units over its homegrown rival. Tata Motors, on the other hand, had clocked 64,131 units to be at the fifth spot. During April-August this fiscal, MSI with 7,57,289 units continued to lead, while Hyundai Motor India with 2,26,396 units was the second biggest PV maker. Honda Cars India sold .

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