Hyundai records PV market share gains in a red-inked Q1
Even as the passenger vehicle segment records the highest decline among all segments in both June as well as in Q1 FY2020 and only 4 of 17 OEMs see market share gains, Hyundai Motor India registers maximum advancement.
16 Jul 2019
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The Indian automobile sector is bleeding and how. Both in June 2019 and in the first quarter of the ongoing fiscal (April-June 2019), the red ink is spattered across all segments and sub-segments. The one with the maximum red ink is the passenger vehicle segment: -17.54 percent in June and -18.42 percent in Q1 FY2020.
With poor market sentiments and the ongoing liquidity crisis, OEMs and automobile dealers are having a difficult time in terms of sustaining businesses on the ground.
While there has been a massive slowdown across segments, PVs dipped 18.42 percent between April and June ...
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