How multinational carmakers are being squeezed out of Indian market

Multinational carmakers except Maruti Suzuki and Hyundai are being squeezed out of the Indian car market. There has been a steady decline in the market share of global carmakers in the past three years, reversing the trend of their market share gains between FY10 and FY17.
 

The combined market share of these multinationals (MNCs) declined to 21.3 per cent in FY20 from a record high of 28.1 per cent in FY17. In comparison these MNCs, including Honda, Toyota, Ford, Volkswagen, Renault, and Nissan, had more than doubled their market share between FY10 and FY17.
 

These MNCs together sold 667,000 units