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

India Auto Sales in February Tata-Bolt_Sport_Concept_2015

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 Feb Rank 2016 Brand Sales Feb Sales 2016 Feb Var Share Feb Share 2016
1 1 Maruti 108.115 214.498 0,2% 46,4% 46,2%
2 2 Hyundai 40.716 78.732 9,1% 17,5% 16,9%
3 3 Mahindra 22.275 42.968 28,1% 9,6% 9,2%
4 4 Honda 13.020 30.155 -22,9% 5,6% 6,5%
5 5 Tata 10.962 21.671 -20,4% 4,7% 4,7%
6 6 Toyota 10.312 18.823 -12,6% 4,4% 4,1%
7 7 Renault 8.834 16.865 158,4% 3,8% 3,6%
8 8 Ford 5.483 12.528 -8,0% 2,4% 2,7%
9 9 Volkswagen 2.510 6.528 -34,8% 1,1% 1,4%
10 10 Chevrolet 2.229 5.017 -41,4% 1,0% 1,1%
11 11 Datsun 1.768 3.181 19,7% 0,8% 0,7%
11 12 Nissan 1.768 3.023 -10,3% 0,8% 0,7%
12 13 Skoda 1.173 2.375 -7,6% 0,5% 0,5%
13 15 Mercedes 970 2.078 -7,6% 0,4% 0,4%
14 14 Audi 966 2.127 -4,7% 0,4% 0,5%
15 16 BMW 670 1.338 15,5% 0,3% 0,3%
16 17 Fiat 609 1.239 3,0% 0,3% 0,3%
17 18 Land Rover 196 444 10,7% 0,1% 0,1%
18 19 Volvo 120 275 -5,5% 0,1% 0,1%
19 21 SsangYong 80 166 21,2% 0,0% 0,0%
19 22 Premier 80 164 -51,6% 0,0% 0,0%
20 20 Mitsubishi 71 196 -75,9% 0,0% 0,0%
21 23 Jaguar 50 88 38,9% 0,0% 0,0%
22 23 Mini 40 88 -16,7% 0,0% 0,0%
23 24 Porsche 30 63 25,0% 0,0% 0,0%
24 25 Bentley 2 8 -66,7% 0,0% 0,0%
25 26 Lamborghini 1 1 -57,6% 0,0% 0,0%
25 26 Aston Martin 1 1 0,0% 0,0% 0,0%

Rank Feb Rank 2016 Brand Sales Feb Sales 2016 Feb Var Share Feb Share 2016
1 1 Suzuki 108.115 214.498 0,2% 46,4% 46,2%
2 2 Hyundai-Kia 40.716 78.732 9,1% 17,5% 16,9%
3 3 Mahindra Group 22.355 43.134 28,0% 9,6% 9,3%
4 4 Honda 13.020 30.155 -22,9% 5,6% 6,5%
5 5 Renault-Nissan 12.370 23.069 80,1% 5,3% 5,0%
6 6 Tata 11.208 22.203 -19,8% 4,8% 4,8%
7 7 Toyota 10.312 18.823 -12,6% 4,4% 4,1%
8 8 Ford 5.483 12.528 -8,0% 2,4% 2,7%
9 9 Volkswagen 4.682 11.102 -24,1% 2,0% 2,4%
10 10 General Motors 2.229 5.017 -41,4% 1,0% 1,1%

Rank Feb Rank 2016 Models Sales Feb Sales 2016 Feb Var Share Feb Share 2016
1 1 Maruti Alto 21.286 42.748 -17,1% 9,4% 9,4%
2 2 Maruti Dzire 17.410 34.997 1,9% 7,7% 7,7%
3 3 Maruti Swift 15.475 29.532 -23,2% 6,8% 6,5%
4 4 Maruti Wagon R 14.209 26.953 -0,7% 6,3% 6,0%
5 5 Hyundai i20 10.202 19.806 -0,6% 4,5% 4,4%
6 6 Hyundai Grand i10 8.898 18.832 2,4% 3,9% 4,2%
7 7 Hyundai Creta 8.196 14.785 3,6% 3,3%
8 10 Renault Kwid 7.544 13.529 3,3% 3,0%
9 9 Mahindra Bolero 7.446 13.606 -13,5% 3,3% 3,0%
10 11 Maruti Omni 7.151 13.052 8,4% 3,2% 2,9%
11 8 Maruti Baleno 6.888 14.586 3,0% 3,2%
12 14 Maruti Ertiga 5.620 11.419 3,1% 2,5% 2,5%
13 15 Hyundai Eon 5.539 10.970 -23,1% 2,4% 2,4%
14 17 Maruti Eeco 5.331 9.942 13,4% 2,4% 2,2%
15 16 Maruti Ciaz 5.162 10.593 3,2% 2,3% 2,3%
16 13 Maruti Celerio 5.137 12.278 -24,1% 2,3% 2,7%
17 18 Toyota Innova 4.945 8.297 -5,3% 2,2% 1,8%
18 12 Honda City 4.880 12.917 -24,9% 2,2% 2,9%
19 21 Hyundai Xcent 4.193 7.901 3,6% 1,9% 1,7%
20 22 Honda Amaze 4.069 7.540 -43,2% 1,8% 1,7%
21 19 Mahindra Scorpio 4.064 8.077 -15,6% 1,8% 1,8%
22 20 Honda Jazz 3.365 8.074 1,5% 1,8%
23 26 Mahindra XUV 500 2.790 5.283 -1,6% 1,2% 1,2%
24 24 Ford Ecosport 2.638 5.685 -38,2% 1,2% 1,3%
25 23 Mahindra TUV300 2.635 6.451 1,2% 1,4%
26 28 Maruti S-Cross 2.524 4.556 1,1% 1,0%
27 25 Tata Indica/Vista 2.484 5.393 -20,6% 1,1% 1,2%
28 27 Toyota Etios 2.257 4.600 -13,0% 1,0% 1,0%
29 29 Tata Zest 2.195 4.221 3,5% 1,0% 0,9%
30 31 Hyundai i10 2.128 3.583 -47,9% 0,9% 0,8%
31 33 Maruti Ritz 1.582 3.219 -17,9% 0,7% 0,7%
32 32 Ford Figo 1.580 3.350 17,9% 0,7% 0,7%
33 35 Tata Nano 1.414 3.022 9,1% 0,6% 0,7%
33 39 Datsun Go 1.414 2.087 98,3% 0,6% 0,5%
34 37 Hyundai Verna 1.368 2.592 -49,4% 0,6% 0,6%
35 34 Tata Indigo/Manza 1.323 3.040 -55,5% 0,6% 0,7%
36 30 Volkswagen Polo 1.266 3.765 -47,4% 0,6% 0,8%
37 38 Volkswagen Vento 1.110 2.503 -4,2% 0,5% 0,6%
38 44 Toyota Fortuner 914 1.739 -36,8% 0,4% 0,4%
39 36 Ford Aspire 855 2.603 0,4% 0,6%
40 40 Skoda Rapid 836 1.880 -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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