Hyundai gains slender edge over Maruti in SUVs
Hyundai has pipped Maruti Suzuki in the SUV segment and has surged past the country’s biggest carmaker to become the top-selling off-roader company.
The Korean company has been riding high on the strong numbers of entry SUV Venue, and the refreshed version of the Creta, which has seen it sail past Maruti in the April-July ’20-21 period, even though the lead is slender at 1,635 units.
As the industry battles coronavirus blues as well as constraints in production, Hyundai managed to sell 34,212 SUV units in the period against 32,577 units sold by Maruti. Mahindra & Mahindra, the homegrown SUV major, sold 22,477 units in the April-July period.
For Maruti, Brezza and Ertiga have been leading the SUV challenge and the company, which has factories in Haryana and Gujarat (owned by parent Suzuki), has been trying to stabilise production. Constraints in parts supplies have been an irritant for the top carmaker as production remains a concern.
Maruti had led the SUV category in 2018-19 (2.64 lakh units), and 2019-20 (2.35 lakh), while Hyundai was a follower, selling 1.25 lakh and 1.76 lakh units respectively. Mahindra had sold 2.17 lakh SUVs in 2018-19 and 1.75 lakh units in 2019-20.
Tarun Garg, director (sales & marketing) at Hyundai India, said the company has been enjoying an edge after Maruti decided to pull out of the diesel category altogether. “Sixty per cent of the Creta’s sales come from diesel, while in Venue, the share is close to 32%. Customers buy diesel for the fun of driving, high initial torque, and fuel efficiency.”
However, industry analysts close to Maruti say the problem for the company is a “temporary phenomenon” as its volumes have been constrained due to lower production levels that have been impacted due to coronavirus restrictions. As Maruti works towards normalising operations, the SUV volumes should pick up, the analysts say.
Mahindra has been impacted by rising competition that is coming not only from traditional rivals Maruti and Hyundai but also new ones such as Kia and MG.
1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"CBCC".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.
Next Applied Motion Products Breaks Ground on Corporate Headquarters
BRIEF INTRODUCTION
Cnbearing is the No.1 bearing inquiry system and information service in China, dedicated to helping all bearing users and sellers throughout the world.
Cnbearing is supported by China National Bearing Industry Association, whose operation online is charged by China Bearing Unisun Tech. Co., Ltd.
China Bearing Unisun Tech. Co., Ltd owns all the rights. Since 2000, over 3,000 companies have been registered and enjoyed the company' s complete skillful service, which ranking many aspects in bearing industry at home and abroad with the most authority practical devices in China.
