Mumabi: Mahindra and Mahindra Ltd’s core utility vehicle segment is under attack. In the three months to June, while Mahindra’s market share in the utility vehicle (UV) segment dropped to 27.92% from 31.62% last year, Maruti’s share during the period climbed to 30.5% from 22.26% a year ago. More From Livemint »To be sure, the fall in Mahindra’s market share is not sudden. From a peak of 55.59% in 2011-12, Mahindra’s share in the UV segment dipped to 47.67% in 2012-13, falling further to 41.72% in 2013-14 and 37.36% in 2014-15. This is the key reason behind our market share decline.”“In addition to this, there are some external factors which have not been conducive for us.

Source: Mint July 11, 2017 20:26 UTC