Tata Motors overtakes Hyundai to become the second largest automaker in India
Automobiles, Sales Figures March 7th, 2007
Tata Motors overtakes Hyundai to become the second largest automaker in India
Maruti Udyog continues to head the charts in terms of number of cars sold per month. Though, the Indian market now has a new player at the second spot.
Indian automaker Tata Motors has managed to overtake Hyundai to become the second largest automaker in the Indian market.
They sold more cars compared to Hyundai India for three months in a row. The company gained from the sales of their recently launched Tata Indica Xeta. This is the cheaper version of the popular Indica car and sells for around Rs 2.29 lakh after discounts.
However, both the companies are struggling to sell sedans in the Indian market. Tata is hoping to gain advantage in this segment after launching their Indigo XL, a long-wheelbase version of the Indigo. Hyundai on the other hand is struggling due to slow sales of their recently launched Verna.
Hyundai is expected to gain numbers after launching the diesel version of their Santro car in the Indian market. Tata however would have their Rs. 1 lakh car ready for launch next year which is likely to bring in huge sales for the company.
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