Passenger vehicle market leader Maruti Suzuki witnessed a fall in its market share for the third consecutive month in October.
Maruti’s market share stood at 45.07% in October compared to 49.65% in July.
M&M’s gains mainly
came with the launch of its compact sports utility vehicle TUV300 while Renault gained in the entry level segment with the launch of its new model Kwid.
Maruti too has launched new products in the market in recent months including crossover S-Cross and premium hatchback Baleno.