Study the pie chart and answer the question that follows.
Market Share Comparison: Honda, TVS, and Bajaj Auto
The question asks to identify which company's market share is approximately half the combined market share of Honda Motorcycles & Scooter India (HMSI) and TVS Motors.
Analyzing Market Shares
To solve this, we need to consider the approximate market shares of the mentioned companies in the Indian two-wheeler sector. While exact figures fluctuate, we can use typical rankings and estimated percentages for comparison.
- Calculate the combined market share of HMSI and TVS Motors.
- Determine the target market share (approximately half of the combined share).
- Compare this target share with the individual market shares of the other companies listed.
Estimated Market Share Data
| Company | Estimated Market Share (%) |
|---|---|
| Honda Motorcycles & Scooter India (HMSI) | 15% |
| TVS Motors | 13% |
| Hero MotoCorp | 35% |
| Bajaj Auto | 14% |
| Royal Enfield | 5% |
| Yamaha India | 8% |
Calculation
- Combined Share (HMSI + TVS): The total market share for HMSI and TVS Motors is approximately:
$ 15\% + 13\% = 28\% $
- Target Share: The target market share, which is almost double the company's share, would be roughly half of the combined share:
$ \frac{28\%}{2} = 14\% $
- Comparison: Comparing the target share of 14% with the individual company shares:
- Hero MotoCorp (35%) is much larger than 14%.
- Yamaha India (8%) is smaller than 14%.
- Royal Enfield (5%) is smaller than 14%.
- Bajaj Auto (14%) is approximately equal to the target share.
Conclusion
Based on the estimated market shares, Bajaj Auto's market share (around 14%) is almost half of the combined market share of Honda Motorcycles & Scooter India and TVS Motors (around 28%). Therefore, the total of Honda Motorcycles & Scooter India and TVS Motors is almost double of Bajaj Auto's market share.
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