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( 10/07/2018 15:21)
Tata Motors overtakes Honda, registers fastest sales growth

Tata Motors overtook Honda Cars India to become the fourth largest player in terms of market share during the April-June period.

According to the latest data by Society of Indian Automobile Manufacturers (SIAM), total domestic passenger vehicle (PV) sales in the first quarter of this fiscal grew 19.91 per cent to 8,73,501 units as against 7,28,483 units.

Tata Motors registered the fastest sales growth during the quarter at 48.5 per cent, selling 58,969 units as against 39,708 units in the year-ago period.

Subsequently, its market share in the PV segment also increased to 6.75 per cent up from 5.45 per cent in April-June period last fiscal. It moved up to the fourth spot overtaking Honda Cars India.

During the first quarter, Honda Cars India sold 42,609 units as against 38,562 units in the same period last fiscal, up 10.49 per cent.

The company's market share stood at 4.88 per cent in the first quarter this fiscal, down from 5.29 per cent in the corresponding period last fiscal.

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