·        Hyundai UV market share rises to 23.29 percent – up 19.60 percent year-on-year

·        Kia market share rises to 13.41 percent

·        Maruti Suzuki market share falls to 19.70 percent

·        Passenger vehicle sales down by 78 percent in Q1 FY2021

It’s been a dismal first quarter of the ongoing fiscal year (April-June 2020 / Q1 FY2021) for India Auto Inc. The prolonged economic slowdown, COVID-19 pandemic, subsequent lockdowns, a washed-out April, manufacturers resuming production only in mid-May, and hesitant consumers made for massive sales speed breakers. In Q1 FY2021, the passenger vehicle segment took a hit of 78 percent, with sales of 1,53,734 units (Q1 FY2020: 7,12,684). The Utility Vehicle (UV) sub-segment, which was the only one to be in the black in FY2020 (0.48 percent), is now feeling the pressure too, with sales…

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