India new car sales shy in January 2016 albeit strong economic trend. Renault shines.

India new car sales shy in January 2016 Renault Kwid and Mahindra KUV100

India new car sales shy in January 2016 albeit strong economic trend. Renault improved sales by 150% propelled by the success of the local made SUV Kwid while Toyota fell down 32% and Mahindra grabs the 3rd step.

Economic Outlook

India’s economy accelerated in the July to September period, propelled by strong fixed investment growth and government spending. Despite the positive GDP figure, doubts remain regarding the health of the economy and higher frequency data remains lackluster: industrial production contracted for the first time in one year in November and the manufacturing PMI fell to an over-two-year low in December.

Moreover, slowing nominal GDP growth is increasing fiscal pressures on the government ahead of next month’s budget presentation. A likely upcoming salary hike for millions of government employees, along with lower-than-expected nominal GDP and the high level of public expenditure needed to keep up growth momentum, have led to speculation that the government will revise fiscal consolidation targets in the upcoming budget.

Market Outlook

According with data reported by the SIAM, the Society of Indian Automotive Manufacturers, in January 2016 car passenger’s sales in India had been 231.590, flat from the previous year standing well below observers expectations.

However, the last was the 15th year on year increase in a row, the 20th out of the last 21 months since May 2014, the month of elections victory for the current government.

In January sales were propelled by the huge +150% performed by Renault, 7th with 8.031 sales.

As far the others top brands, Maruti sold 16.383 (+0.8%), Hyundai hit 38.016 (+9.3%) and Mahindra was up in double digit with 20.693 (+14.9%).  Behind, Honda has lost 6.5%, Tata 17.9% and Toyota a huge 32.7%.

As far as the best-selling models, it is in place a renovation with the top brands losing volume and a group of new that in gaining terrain.

However in January the podium unchanged with Maruti Alto on top with 21.462 units (-6.2%) ahead of the Maruti Dzire with 17.587 sales (-10.0%), the Maruti Swift with 14.057 (-32.1) and the Maruti Wagon R with 12.744 (-0.9%).

As said, several new models are gaining space: the Maruti Baleno was 8th with 7.698, the Hyundai Creta ranked 10th with 6.589, the Renault Kwid was 12th with 5.985, the  Honda Jazz was 16th with 4.709.

Wishing to see the best-selling cars ranking for the top 100 models, just read the dedicated report.

Wishing to read a full report with market data from the 2004 to the 2015 by segment (LCVs included), brands and models plus the forecast to the 2020, see here

Below, you can sort our interactive tables to see data regarding Brands, Groups and Models. Please bear in mind that sales data are subject to adjustments as sources will update their information. This report is updated at the publishing date and will not be modified while the next on this subject will always have the year to date data updated.

Rank Jan Rank 2015 Brand Jan Jan Var Jan Share 2015 Share 2015
1 1 Maruti 106.383 0,8% 45,9% 1.289.127 46,4%
2 2 Hyundai 38.016 9,3% 16,4% 476.001 17,1%
3 3 Mahindra 20.693 14,9% 8,9% 206.825 7,4%
4 4 Honda 17.135 -6,5% 7,4% 202.390 7,3%
5 5 Tata 10.709 -17,9% 4,6% 139.906 5,0%
6 6 Toyota 8.511 -32,7% 3,7% 139.816 5,0%
7 8 Renault 8.031 150,7% 3,5% 53.418 1,9%
8 7 Ford 7.045 6,0% 3,0% 77.809 2,8%
9 9 Volkswagen 4.018 7,6% 1,7% 43.156 1,6%
10 10 Chevrolet 2.788 -36,8% 1,2% 36.518 1,3%
11 12 Datsun 1.413 -14,7% 0,6% 19.378 0,7%
12 11 Nissan 1.255 -51,9% 0,5% 21.545 0,8%
13 13 Skoda 1.202 -7,8% 0,5% 15.457 0,6%
14 15 Audi 1.161 4,8% 0,5% 11.192 0,4%
15 14 Mercedes 1.108 -10,6% 0,5% 13.502 0,5%
16 17 BMW 668 9,2% 0,3% 8.431 0,3%
17 16 Fiat 630 -30,9% 0,3% 8.624 0,3%
18 19 Land Rover 248 41,7% 0,1% 3.092 0,1%
19 21 Volvo 155 22,0% 0,1% 1.564 0,1%
20 23 Mitsubishi 125 -53,1% 0,1% 938 0,0%
21 25 SsangYong 86 120,5% 0,0% 540 0,0%
22 20 Premier 84 -54,1% 0,0% 1.790 0,1%
23 24 Mini 48 0,0% 0,0% 576 0,0%
24 26 Jaguar 38 5,6% 0,0% 432 0,0%
25 27 Porsche 33 37,5% 0,0% 309 0,0%
26 28 Bentley 6 0,0% 0,0% 72 0,0%
27 30 Rolls-Royce 1 0,0% 0,0% 12 0,0%

Rank Jan Rank 2015 Group Jan Jan Share Jan Var 2015 Share 2015
1 1 Suzuki 106.383 45,9% 0,8% 1.289.127 46,4%
2 2 Hyundai-Kia 38.016 16,4% 9,3% 476.001 17,1%
3 3 Mahindra Group 20.779 9,0% 15,1% 207.365 7,5%
4 4 Honda 17.135 7,4% -6,5% 202.390 7,3%
5 5 Tata 10.995 4,7% -17,1% 143.430 5,2%
6 7 Renault-Nissan 10.699 4,6% 43,2% 94.341 3,4%
7 6 Toyota 8.511 3,7% -32,7% 139.816 5,0%
8 8 Ford 7.045 3,0% 6,0% 77.809 2,8%
9 9 Volkswagen 6.420 2,8% 3,9% 70.207 2,5%
10 10 General Motors 2.788 1,2% -36,8% 36.518 1,3%

Rank 2016 Rank 2015 Models Jan Sales Jan Var. Jan Share 2015 2015 Share
1 2 Maruti Alto 21.462 -6,2% 9,5% 272.096 8,0%
2 3 Maruti Dzire 17.587 -10,0% 7,8% 236.038 6,9%
3 4 Maruti Swift 14.057 -32,1% 6,2% 206.662 6,1%
4 5 Maruti Wagon R 12.744 -0,9% 5,6% 170.399 5,0%
5 7 Hyundai Grand i10 9.934 13,9% 4,4% 124.055 3,6%
6 6 Hyundai i20 9.604 0,7% 4,2% 130.084 3,8%
7 12 Honda City 8.037 4,8% 3,5% 82.912 2,4%
8 35 Maruti Baleno 7.698 3,4% 23.875 0,7%
9 11 Maruti Celerio 7.141 48,0% 3,2% 82.961 2,4%
10 24 Hyundai Creta 6.589 2,9% 41.152 1,2%
11 10 Mahindra Bolero 6.160 -27,7% 2,7% 88.047 2,6%
12 39 Renault Kwid 5.985 2,6% 17.933 0,5%
13 13 Maruti Omni 5.901 -5,9% 2,6% 79.189 2,3%
14 19 Maruti Ertiga 5.799 -3,9% 2,6% 60.194 1,8%
15 20 Maruti Ciaz 5.431 8,6% 2,4% 53.826 1,6%
15 15 Hyundai Eon 5.431 -20,4% 2,4% 71.620 2,1%
16 29 Honda Jazz 4.709 2,1% 29.643 0,9%
17 17 Maruti Eeco 4.611 12,4% 2,0% 61.836 1,8%
18 21 Mahindra Scorpio 4.013 -19,7% 1,8% 51.089 1,5%
19 43 Mahindra TUV300 3.816 1,7% 16.278 0,5%
20 22 Hyundai Xcent 3.708 -9,8% 1,6% 51.082 1,5%
21 16 Honda Amaze 3.471 -48,3% 1,5% 63.831 1,9%
22 18 Toyota Innova 3.352 -36,9% 1,5% 60.529 1,8%
23 23 Ford Ecosport 3.047 -28,9% 1,3% 42.403 1,2%
24 26 Tata Indica/Vista 2.909 48,9% 1,3% 34.740 1,0%
25 30 Volkswagen Polo 2.499 -7,8% 1,1% 28.534 0,8%
26 25 Mahindra XUV 500 2.493 -24,3% 1,1% 37.100 1,1%
27 27 Toyota Etios 2.343 -9,1% 1,0% 34.495 1,0%
28 41 Maruti S-Cross 2.032 0,9% 16.954 0,5%
29 31 Tata Zest 2.026 -26,5% 0,9% 24.864 0,7%
30 40 Ford Figo 1.770 -13,9% 0,8% 17.542 0,5%
31 42 Ford Aspire 1.748 0,8% 16.431 0,5%
32 32 Tata Indigo/Manza 1.717 -30,5% 0,8% 24.215 0,7%
33 38 Maruti Ritz 1.637 -49,4% 0,7% 19.809 0,6%
34 36 Tata Nano 1.608 -19,6% 0,7% 22.820 0,7%
35 28 Hyundai i10 1.455 -59,4% 0,6% 33.240 1,0%
36 46 Volkswagen Vento 1.393 36,7% 0,6% 12.550 0,4%
37 33 Renault Duster 1.349 -56,3% 0,6% 24.172 0,7%
38 37 Hyundai Verna 1.224 -24,4% 0,5% 21.503 0,6%
39 48 Chevrolet Beat 1.107 -24,5% 0,5% 12.076 0,4%
40 47 Tata Bolt 1.072 -56,4% 0,5% 12.080 0,4%

To know all about this market you can purchase the India Auto Book 2015 or the India Car Market 2020 Outlook:

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