Ripples Advisory, Tiago rides to 2nd position in small cars, becomes most sold car after Alto

Tiago has overtaken Renault Kwid and Hyundai Eon and has seen its sales volume expand by 50 per cent

A new pecking order has emerged in the country’s highly price-sensitive small car market. The Tiago, the two-year-old small car from Tata Motors’ stable, has notched the highest sales in the entry segment after Maruti Suzuki’s Alto.

In the run-up to second place, the Tiago has overtaken Renault Kwid and Hyundai Eon, which now have third and fourth positions, respectively.

The Siam (Society of Indian Automobile Manufacturers) data for the January-March period of 2018 shows that more than 23,100 Tiagos were sold.

While this is a small number when compared to the Alto’s nearly 62,200 units, growth posted by the Tiago is impressive.

From a mere 15,383 units in January-March 2017, the Tiago has seen volumes expand by 50 per cent.

These are sales from the company to its dealerships.

In the same period of 2018, the Alto (also the most sold car in India) has seen sales grow by just about 1 per cent on its high base. The Kwid, the sport utility vehicle-styled small car of French automaker Renault, has seen its sales slip by over 32 per cent to 17,517 units during the period.

Here are some investment ideas Or News from market experts for Daily Update Login now - Ripples Advisory