Indian Autos Market started on the wrong foot, as the coronavirus outbreak hampered production, while the industry was preparing for stringent anti-pollution policies. Indeed, year-to-date figures in February have been 517.576, down 6.1%. Kia is the star of the moment, landing in 3rd place.
Indian Autos Market in 2019 fell down 7.4% after the previous year’s all-time record, hit by deceleration of domestic economy, increased fuel price, higher interest rate. While Maruti control almost 50% of the market, the new player, Kia, already gained a place among the Top 10.
Indian Autos Market in 2018 registered a new all-time record, closing the year at 3.381.696 sales (+4.8%), despite a declining second half due to weakening Rupee, raising fuel prices and interest rates. However, Maruti managed to end up 8% ahead of Hyundai and Mahindra.
Indian Vehicles Market hit in 2017 the third all time record in a row, with over 3.3 million cars sold. Favorite by the new automotive policy, Maruti ended near 50% of market share while all Premium brands are gaining terrain, albeit new luxury tax effect.
India best selling cars ranking in 2015 dominated by the usual leaders, made by Maruti, while an amazing group of new models is gaining space in the market obtaining great consumer’s favors.
India Auto Market in 2015 hit the new all time record advancing in 5th place at global level. The market is fueled by a roaring domestic economy and by the introduction of several new models all having great success.