Carmakers hit the slow lane in FY19; market share gains remained elusive

Of the 16 members in Siam, only four managed to gain share. Three were the local arms of Japense entities Suzuki, Honda and Toyota

Market share gains were elusive for most passenger vehicle (PV) makers in 2018-19. As a whole, sales in India advanced by a mere 3 per cent in FY19, the slowest in four years.

Of the 16 members in the Society of Indian Automobile Manufacturers (Siam), only four managed to gain share in the year that ended March 31. Three were the local arms of Japense entities Suzuki, Honda and Toyota. Tata Motors was the only Indian company that saw an increase, a marginal one.

Though by small margins, these gains came at the cost of Indian, European and American PV