domestic sales in the month of june 2017 were bogged down by liquidation of stocks at the dealers end and oems withholding inventory due to the upcoming gst regime from 1 july q1 of 201718 apriljune saw the green shoots of recovery in the passenger vehicle market led by utility vehicles while the two wheeler segment piggybacked on growing urbanization in cities and towns that revved up demand for scooters discounts and prebuying especially in commercial vehicles and motorcycles due to the enforcement of bsiv emission norms from 1 april 2017 led to overall domestic auto sales being a mixed bag marked by peaks and troughs in q1 in the passenger vehicle segment honda cars india led the growth march recording the highest sales growth at 2109 percent followed by market leader maruti suzuki india with an uptick of 1397 percent in market share maruti suzuki was a distant first with a huge chunk of the pie 504 percent with honda cars india garnering a nominal 529 percent share of the market passenger vehicle market share in q1 fy2018 the steepest decline in growth rate was witnessed by toyota kirloskar motor tkm that was in the red with a dip of 2552 percent and was trailed by renault india with sales plummeting by 2325 percent all other carmakers were either up or down in single digits a look at q1 of 201617 reveals honda cars india nosediving 2835 percent while maruti suzuki grew in single digits of 545 percent tkm grew marginally at 12 percent while renault india was up 17304 percent on the back of its kwid hatchback the pv segment was then just emerging from the shadows of the slowdown in the market incidentally maruti suzuki has upped its market share to 5048 percent in q1fy18 from 4690 percent in q1fy17 on the back of growth in its utility vehicles especially the vitara brezza and the ertiga all its segments have grown during this period including the mini that saw a drop in june only the omni and eeco vans have tripped marginally from 36558 units in q1fy17 to 35739 units in the same period in fy18 edelweiss securities maintains that a few players who have established a decisive lead are set to further fortify their position over the next 35 years in pvs maruti suzukis dominance will rise further with its gap with peers widening passenger vehicle market share in q1 fy2017 while the company has done a catch up on the premiumisation band wagon competition has gone back to the drawing board to recalibrate the strategy including exiting domestic market it has not only increased market share 900bps in 5 years but is also expanding its dominance across other key areasproduct launch cycle 23 launches every year distribution reach trebling on a high base margin and free cash flow cycle tkm mm vw india renault and ford india have been the key losers of market share in the first quarter of fy18 tkm was down one