The Midas Touch

- Sumant Banerji

INDIA'S LARGEST PASSENGER VEHICLE MAKER is on a high. In 2017/18, its domestic passenger vehicle market share edged up to nearly 50 per cent, the highest since the turn of the century when it had a 50.4 per cent share. In a big market like India, the world's fourth largest, it is uncommon for a leader to have such a high market share. It looks even more striking when we consider that just six years ago, Maruti’s share had dipped to an all-time low of 38.3 per cent, as labour unrest at its factories crippled production for months.