M R Corporation (MRC) with its inception in 1998, started offering the market and sales of business research information services, integrated services of market research, market entry strategy. The Company, through a comprehensive research institution back up of Japanese origin, boasts a strong presence in Japan, India & world's leading companies and research institutions, United Nations agencies, G20 government agencies, global educational institutions etc.
Saturday, November 16, 2024
October 2024 PV Sales is alarming
In the first half of fiscal year 2025, the combined market share of India's top two automakers, Maruti Suzuki and Hyundai, dropped to a 12-year low. This coincides with the rise in popularity of Mahindra & Mahindra and Toyota, with Mahindra's market share hitting a record high of 12.5% as a result of robust SUV sales.
This trend reflects the continuous evolution of consumer tastes and competitive positioning in India's PV industry.
The Society of Indian Automobile Manufacturers (SIAM) recently released sales figures showing a 17% decline in passenger car sales in October.
On the other hand, October had the highest-ever sales of passenger vehicles (PVs), which comprise all passenger vehicles such as buses, cars, and autos, with 3,93,238 units sold—a 0.9% increase over October 2023.
