Car segment showed de growth of 4%, Utility & SUV segment registered noted growth of 21% and Van segment showed 135 growth.
Passenger Vehicle Segment Feb 2016:
Market Share: Feb 2016:
Maruti market shatre increased by around4%, impressive performance by Mahindra due to launch new vehicles in UV & SUV segment.
Car Sales Analysis Feb 2016:
Top three players sales came down in Feb 16. Renault sales increased exceptionally due to new vehicle KWID excellent response by customers.
Car market Share:
Maruti increased its market share but Hyundai lost around 2% market share. Renaull gained 4.6% market share.
UV & SUV Segment analysis Feb 2016:
Mahindra launched new products in this segment to keep its market leader position. Maruti, Mahindra, Hyundai sales increased. Creta contributed most of the sales of this segment for Hyundai.
Mahindra and Maruti gained around 2% market share in Feb 2016. Hyundai showed exponential growth of 15% in SUV compact segment.
Maruti is the market leader, Tata Motors and Mahindra increased their sales in Feb 2016.