To understand in a nutshell what is happening in the Indian passenger vehicle segment, consider this. Out of the top ten best selling PVs, nine come from the stable of either Maruti Suzuki or Hyundai.
Grand i10 sold 12,899 units in November 2015 to secure the fourth spot. This is 53.6 percent higher than 8,396 units sold in the same month last year.
It has replaced Maruti Suzuki Swift which has been one of the most popular hatchback in the segment but recently has been losing its base to new entrants.
Alto still continues to rule the passenger vehicle segment by selling 21,995 units last month. However, this is significantly lower than 24,201 units sold in November 2014.
Maruti still holds on to the second and third position with its Dzire and Wagon R models. While Wagon R saw only a marginal rise in its sales, Dzire sold 15,463 units in November to experience a year-on-year growth of 28.6 percent.
Hyundai's premium hatchback Elite i20, despite the festival season, saw a fall in its sales. From 10,552 units sold in November last year, the best-selling Hyundai sold only 10,074 units in November 2015.
This fall in Elite i20 numbers could be directly attributed to Maruti's Baleno which is hot on its heels at seventh spot. Launched in October, Baleno sold a healthy 9,074 units which leads us to believe that Maruti might be getting comfortable in the premium segment.
While Hyundai Eon jumped one spot to eighth in the list by selling 7,154 units, the ninth place was held by Maruti's Celerio which was not there in the last year's list of 10 best selling passenger vehicle.
The only non-Maruti, non-Hyundai vehicle to feature in the list is Mahindra's best selling SUV Bolero. The only SUV in the list sold 6,875 units in November 2015 which is 9 percent more than 6,300 sold last November.
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