Mahindra says more competition in SUVs bound to hit market share

Newswire

MUMBAI, May 30 (Reuters) - Mahindra and Mahindra Ltd , India's biggest sports utility vehicle (SUV) manufacturer, said growing competition in the SUV segment is bound to impact its market share. "With so much competition in SUVs now, market share is bound to go down," Pawan Goenka, president of its automotive and farm equipment sectors, said on Thursday. The flagship company of the $15.9 billion Mahindra Group builds every other SUV sold in India but is losing ...

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