Tata Motors is now breathing down on Hyundai with its12.01 PV request share

Posted by harsh sultayia on December 9th, 2021

Riding on its mileage vehicle portfolio, country’s third largest passenger vehicle maker Tata Motors has managed to come near to rival Hyundai Motor India (HMIL) in November, data from Federation of Automobile Dealers Associations (FADA) shows. At12.01 per cent its share in the PV request is now closest to the second largest bus establishment HMIL in times.

 The maker of popular models like Tiago, Nexon and Safari, is now just three and half points behind HMIL. The Mumbai-headquartered company gained4.5 chance points in PV request share from last November. HMIL lost ground hardly-by0.67 chance points-during the period. As a result, Tata Motors is now breathing down on the long standing alternate spot holder in the original PV request.

 In fact, the gap between the third and alternate player in the request continues to constrict. In last June, HMIL held18.95 per cent of the PV request-far ahead of Tata’s6.89 per cent request share. Still, by June this time, Hyundai’s share inched down to18.7 per cent, while Tata’s rose to11.06 per cent- bringing the gap down to7.64 chance points from12.06 chance points in the time ago period. By October, the gap further narrowed to5.71 chance points with HMIL at16.98 per cent and Tata Motors at11.27 per cent.

 Meanwhile, request leader Maruti Suzuki’s (MSIL) product related issues and overall lack of demand for entry- position hatchbacks in the original request redounded in farther dip in its request share. In November, data from FADA shows, MSIL’s share in the domestic PV request plunged to41.93 per cent from49.24 per cent in the same period last time. Its position, however, bettered hardly on a month-on-month base. In October, its request share had slipped to40.12 per cent.

 Meanwhile, request leader Maruti Suzuki’s (MSIL) product related issues and overall lack of demand for entry- position hatchbacks in the original request redounded in farther dip in its request share. In November, data from FADA shows, MSIL’s share in the domestic PV request plunged to41.93 per cent from49.24 per cent in the same period last time. Its position, however, bettered hardly on a month-on-month base. In October, its request share had slipped to40.12 per cent.

 Piecemeal from element dearths and high cost of accoutrements, MSIL’s is also lagging when it comes to planning for forthcoming trends like electric vehicles (EVs). Tata Motors have formerly blazoned a new EV line-up with close to 10 models. Following the suit, HMIL has moment unveiled its plans to launch 6 EVs by 2028 and an investment of Rs crore to ramp up its R&D.

MSIL, still, is reticent to take the plunge yet. According to its president RC Bhargava, it may introduce first EV models only in 2025. The company is staying for sufficient demand for EVs in the original request, he lately said.