India Auto Sales in February were below the expectation despite economic expansion

India Auto Sales in February

India Auto Sales in February were below the expectation despite strong economic expansion. Renault was again booming thanks to the Kwid while Tata, Toyota and Honda struggle. The Hyundai Creta advanced in 7th place.

Economic Outlook

India’s economy slowed in the October to December period on the back of weak fixed investment growth. Although the expansion was still robust and the country is on track to be one of the fastest-growing economies in Asia, market analysts continue to express doubts over the underlying health of the economy after last year’s significant GDP revision.

Moreover, high-frequency indicators point in opposite directions: exports continued to tumble in January, while the manufacturing and services PMIs improved. Against this backdrop, all eyes are on the government ahead of the 29 February budget presentation.

While the government has committed to gradual fiscal consolidation, weak external and rural consumption have led to speculation that targets could be revised and that stimulus may be in the cards.

Market Outlook

According with data reported by the SIAM, the Society of Indian Automotive Manufacturers, car passenger’s sales in India had been 233.051, up a little 0.6% from the previous year. The last was the 16th year on year increase in a row, the 21st out of the last 22 months since May 2014, the month of elections victory for the current government.

Renault confirmed the rule of booming brand gaining the 7th place with 8.834 sales (+158.4%) driven by the new compact SUV Kwid, locally made.

On top of the list, the leader Maruti reported positive figures with 108.115 units (+0.2%), Hyundai did better with 40.716 sales (+9.1%) and Mahindra improved substantially at 22.275 sales (+28.1%).

Behind, a negative series for Honda, down 22.9% at 13.020 sales, Tata, down 20.4% at 10.962 despite the launch of the new Tiago, and Toyota, down 12.6% at 10.312 units.

The best-selling model was the Maruti Alto 21.286 units (-17.1%) ahead of the Maruti Dzire with 17.410 sales (+1.9%), the Maruti Swift with 15.475 (-23.2%) and the Maruti Wagon R with 14.209 (-0.7%).

As said, several new models are gaining space: the Hyundai Creta ranked 7th with 8.196, the Renault Kwid was 8th with 7.544 and the Maruti Baleno was 11th with 6.888 units.

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 FebRank 2016BrandSales FebSales 2016Feb VarShare FebShare 2016
11Maruti108.115214.4980,2%46,4%46,2%
22Hyundai40.71678.7329,1%17,5%16,9%
33Mahindra22.27542.96828,1%9,6%9,2%
44Honda13.02030.155-22,9%5,6%6,5%
55Tata10.96221.671-20,4%4,7%4,7%
66Toyota10.31218.823-12,6%4,4%4,1%
77Renault8.83416.865158,4%3,8%3,6%
88Ford5.48312.528-8,0%2,4%2,7%
99Volkswagen2.5106.528-34,8%1,1%1,4%
1010Chevrolet2.2295.017-41,4%1,0%1,1%
1111Datsun1.7683.18119,7%0,8%0,7%
1112Nissan1.7683.023-10,3%0,8%0,7%
1213Skoda1.1732.375-7,6%0,5%0,5%
1315Mercedes9702.078-7,6%0,4%0,4%
1414Audi9662.127-4,7%0,4%0,5%
1516BMW6701.33815,5%0,3%0,3%
1617Fiat6091.2393,0%0,3%0,3%
1718Land Rover19644410,7%0,1%0,1%
1819Volvo120275-5,5%0,1%0,1%
1921SsangYong8016621,2%0,0%0,0%
1922Premier80164-51,6%0,0%0,0%
2020Mitsubishi71196-75,9%0,0%0,0%
2123Jaguar508838,9%0,0%0,0%
2223Mini4088-16,7%0,0%0,0%
2324Porsche306325,0%0,0%0,0%
2425Bentley28-66,7%0,0%0,0%
2526Lamborghini11-57,6%0,0%0,0%
2526Aston Martin110,0%0,0%0,0%

Rank FebRank 2016BrandSales FebSales 2016Feb VarShare FebShare 2016
11Suzuki108.115214.4980,2%46,4%46,2%
22Hyundai-Kia40.71678.7329,1%17,5%16,9%
33Mahindra Group22.35543.13428,0%9,6%9,3%
44Honda13.02030.155-22,9%5,6%6,5%
55Renault-Nissan12.37023.06980,1%5,3%5,0%
66Tata11.20822.203-19,8%4,8%4,8%
77Toyota10.31218.823-12,6%4,4%4,1%
88Ford5.48312.528-8,0%2,4%2,7%
99Volkswagen4.68211.102-24,1%2,0%2,4%
1010General Motors2.2295.017-41,4%1,0%1,1%

Rank FebRank 2016ModelsSales FebSales 2016Feb VarShare FebShare 2016
11Maruti Alto21.28642.748-17,1%9,4%9,4%
22Maruti Dzire17.41034.9971,9%7,7%7,7%
33Maruti Swift15.47529.532-23,2%6,8%6,5%
44Maruti Wagon R14.20926.953-0,7%6,3%6,0%
55Hyundai i2010.20219.806-0,6%4,5%4,4%
66Hyundai Grand i108.89818.8322,4%3,9%4,2%
77Hyundai Creta8.19614.7853,6%3,3%
810Renault Kwid7.54413.5293,3%3,0%
99Mahindra Bolero7.44613.606-13,5%3,3%3,0%
1011Maruti Omni7.15113.0528,4%3,2%2,9%
118Maruti Baleno6.88814.5863,0%3,2%
1214Maruti Ertiga5.62011.4193,1%2,5%2,5%
1315Hyundai Eon5.53910.970-23,1%2,4%2,4%
1417Maruti Eeco5.3319.94213,4%2,4%2,2%
1516Maruti Ciaz5.16210.5933,2%2,3%2,3%
1613Maruti Celerio5.13712.278-24,1%2,3%2,7%
1718Toyota Innova4.9458.297-5,3%2,2%1,8%
1812Honda City4.88012.917-24,9%2,2%2,9%
1921Hyundai Xcent4.1937.9013,6%1,9%1,7%
2022Honda Amaze4.0697.540-43,2%1,8%1,7%
2119Mahindra Scorpio4.0648.077-15,6%1,8%1,8%
2220Honda Jazz3.3658.0741,5%1,8%
2326Mahindra XUV 5002.7905.283-1,6%1,2%1,2%
2424Ford Ecosport2.6385.685-38,2%1,2%1,3%
2523Mahindra TUV3002.6356.4511,2%1,4%
2628Maruti S-Cross2.5244.5561,1%1,0%
2725Tata Indica/Vista2.4845.393-20,6%1,1%1,2%
2827Toyota Etios2.2574.600-13,0%1,0%1,0%
2929Tata Zest2.1954.2213,5%1,0%0,9%
3031Hyundai i102.1283.583-47,9%0,9%0,8%
3133Maruti Ritz1.5823.219-17,9%0,7%0,7%
3232Ford Figo1.5803.35017,9%0,7%0,7%
3335Tata Nano1.4143.0229,1%0,6%0,7%
3339Datsun Go1.4142.08798,3%0,6%0,5%
3437Hyundai Verna1.3682.592-49,4%0,6%0,6%
3534Tata Indigo/Manza1.3233.040-55,5%0,6%0,7%
3630Volkswagen Polo1.2663.765-47,4%0,6%0,8%
3738Volkswagen Vento1.1102.503-4,2%0,5%0,6%
3844Toyota Fortuner9141.739-36,8%0,4%0,4%
3936Ford Aspire8552.6030,4%0,6%
4040Skoda Rapid8361.880-8,1%0,4%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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