MOSL: AUTOMOBILES-Mini segment recovery helps Maruti gain market share-Compact UVs facing heated competition
​Automobiles: Mini segment recovery helps Maruti gain market share; Compact UVs facing heated competition
- Mini segment recovering from demonetization blues: Kwid volumes stood at only 7k units in May-17, down from average of 9.1k units in FY17. On the other hand, Alto reported volumes of 23.6k units (nine-month high), up 19% YoY. Maruti’s share in the Mini segment is at a yearly high of ~74%.
- Compact segment receives Baleno push: Baleno volumes increased 46% YoY to 14.6k units in May-17. Grand i10 and i20 reported volumes of 13k units (up ~8% YoY) and 10.7k (up ~2% YoY) units, respectively. Celerio reported volumes of 6.1k units (nine-month low) in May, down 17% YoY. Tiago continued to report strong volumes at 4.9k units, up 49% YoY. IGNIS volumes stood at 4.5k units in May (its fifth month since launch) v/s average of 4.8k units in FY17.
- Compact sedan segment sees flurry of refreshes/facelifts: New Dzire reported volumes of only 9k units as May included only part of wholesale volumes. Tigor reported 2.3k units in its third month. Due to competition from new Dzire, volumes of peers like Amaze (1.3k units), Xcent (3.8k units) and Zest (1.4k units) declined 6%, 19% & 13%, respectively, in May.
- Mid-size segment: CIAZ reported volumes of 4.7k units, down 9% YoY, due to the transition to the Nexa channel, while Honda City volumes were at 4k units.
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