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 JanRank 2015BrandJanJan VarJan Share2015Share 2015
11Maruti106.3830,8%45,9%1.289.12746,4%
22Hyundai38.0169,3%16,4%476.00117,1%
33Mahindra20.69314,9%8,9%206.8257,4%
44Honda17.135-6,5%7,4%202.3907,3%
55Tata10.709-17,9%4,6%139.9065,0%
66Toyota8.511-32,7%3,7%139.8165,0%
78Renault8.031150,7%3,5%53.4181,9%
87Ford7.0456,0%3,0%77.8092,8%
99Volkswagen4.0187,6%1,7%43.1561,6%
1010Chevrolet2.788-36,8%1,2%36.5181,3%
1112Datsun1.413-14,7%0,6%19.3780,7%
1211Nissan1.255-51,9%0,5%21.5450,8%
1313Skoda1.202-7,8%0,5%15.4570,6%
1415Audi1.1614,8%0,5%11.1920,4%
1514Mercedes1.108-10,6%0,5%13.5020,5%
1617BMW6689,2%0,3%8.4310,3%
1716Fiat630-30,9%0,3%8.6240,3%
1819Land Rover24841,7%0,1%3.0920,1%
1921Volvo15522,0%0,1%1.5640,1%
2023Mitsubishi125-53,1%0,1%9380,0%
2125SsangYong86120,5%0,0%5400,0%
2220Premier84-54,1%0,0%1.7900,1%
2324Mini480,0%0,0%5760,0%
2426Jaguar385,6%0,0%4320,0%
2527Porsche3337,5%0,0%3090,0%
2628Bentley60,0%0,0%720,0%
2730Rolls-Royce10,0%0,0%120,0%

Rank JanRank 2015GroupJanJan ShareJan Var2015Share 2015
11Suzuki106.38345,9%0,8%1.289.12746,4%
22Hyundai-Kia38.01616,4%9,3%476.00117,1%
33Mahindra Group20.7799,0%15,1%207.3657,5%
44Honda17.1357,4%-6,5%202.3907,3%
55Tata10.9954,7%-17,1%143.4305,2%
67Renault-Nissan10.6994,6%43,2%94.3413,4%
76Toyota8.5113,7%-32,7%139.8165,0%
88Ford7.0453,0%6,0%77.8092,8%
99Volkswagen6.4202,8%3,9%70.2072,5%
1010General Motors2.7881,2%-36,8%36.5181,3%

Rank 2016Rank 2015ModelsJan SalesJan Var.Jan Share20152015 Share
12Maruti Alto21.462-6,2%9,5%272.0968,0%
23Maruti Dzire17.587-10,0%7,8%236.0386,9%
34Maruti Swift14.057-32,1%6,2%206.6626,1%
45Maruti Wagon R12.744-0,9%5,6%170.3995,0%
57Hyundai Grand i109.93413,9%4,4%124.0553,6%
66Hyundai i209.6040,7%4,2%130.0843,8%
712Honda City8.0374,8%3,5%82.9122,4%
835Maruti Baleno7.6983,4%23.8750,7%
911Maruti Celerio7.14148,0%3,2%82.9612,4%
1024Hyundai Creta6.5892,9%41.1521,2%
1110Mahindra Bolero6.160-27,7%2,7%88.0472,6%
1239Renault Kwid5.9852,6%17.9330,5%
1313Maruti Omni5.901-5,9%2,6%79.1892,3%
1419Maruti Ertiga5.799-3,9%2,6%60.1941,8%
1520Maruti Ciaz5.4318,6%2,4%53.8261,6%
1515Hyundai Eon5.431-20,4%2,4%71.6202,1%
1629Honda Jazz4.7092,1%29.6430,9%
1717Maruti Eeco4.61112,4%2,0%61.8361,8%
1821Mahindra Scorpio4.013-19,7%1,8%51.0891,5%
1943Mahindra TUV3003.8161,7%16.2780,5%
2022Hyundai Xcent3.708-9,8%1,6%51.0821,5%
2116Honda Amaze3.471-48,3%1,5%63.8311,9%
2218Toyota Innova3.352-36,9%1,5%60.5291,8%
2323Ford Ecosport3.047-28,9%1,3%42.4031,2%
2426Tata Indica/Vista2.90948,9%1,3%34.7401,0%
2530Volkswagen Polo2.499-7,8%1,1%28.5340,8%
2625Mahindra XUV 5002.493-24,3%1,1%37.1001,1%
2727Toyota Etios2.343-9,1%1,0%34.4951,0%
2841Maruti S-Cross2.0320,9%16.9540,5%
2931Tata Zest2.026-26,5%0,9%24.8640,7%
3040Ford Figo1.770-13,9%0,8%17.5420,5%
3142Ford Aspire1.7480,8%16.4310,5%
3232Tata Indigo/Manza1.717-30,5%0,8%24.2150,7%
3338Maruti Ritz1.637-49,4%0,7%19.8090,6%
3436Tata Nano1.608-19,6%0,7%22.8200,7%
3528Hyundai i101.455-59,4%0,6%33.2401,0%
3646Volkswagen Vento1.39336,7%0,6%12.5500,4%
3733Renault Duster1.349-56,3%0,6%24.1720,7%
3837Hyundai Verna1.224-24,4%0,5%21.5030,6%
3948Chevrolet Beat1.107-24,5%0,5%12.0760,4%
4047Tata Bolt1.072-56,4%0,5%12.0800,4%

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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