India new cars market boomed +22% in October. Honda shines.

India new cars market

India new cars market boomed +22% in October with several brands reporting their all-time record. At this point of the year, the new all-time record seems done with over 2.75 million cars sold for the end of the 2015.

Economic Outlook

India’s economy slowed slightly in the April to June quarter, although the country continues to outperform the majority of its regional peers. Recent data suggest that the economy picked up pace in the July to September period: industrial production hit a multi-year high in August and both the manufacturing and services PMIs rested in expansionary territory throughout the quarter.

However, weak external conditions are likely to have constrained the economy’s performance: exports plummeted in September, falling by nearly 25%.

On the political front, voting began on 12 October for the Bihar elections—in what is being billed as the first test of Prime Minister Narendra Modi’s popularity. A large win for Modi’s party would boost his support in the upper house of parliament, where political opposition has stalled many of the Prime Minister’s ambitious economic reforms. Results will be available on 8 November and early polls point to a tight race.

Market Outlook

Following a string of 12th year-on-year growth, in October the Indian domestic car passengers market boomed over 21% fueled by new models introduction, the season high discount campaigns put in place by the major brands, low fuel price and positive economic outlook.

Sales figures had been 268.430, one of highest month ever. According with data reported by the SIAM, the Society of Indian Automotive Manufacturers, thanks to this performance the total new cars sold during the first ten months of the year had ben 2.311.367, up 8..3% from the correspondent period last year.

Two months far from the year-end, the new all-time record volume for this market seems done, with sales projected at 2.75 million.

Competitve Arena

Maruti kept momentum with record sales volume at 121.063 units (+24.7%) followed by Hyundai with 47.015 units (+23.7%) and Mahindra with 22.038 (+19.9%).

Honda ranked fourth with 20.166 sales (+52.3%) followed by Tata with 12.798 (+11.2%), Toyota with 12.403 (-1.2%) and Ford with 10.008 (+48.9%)

As far as the performance at group level, Maruti Suzuki led with 45.1% of market share ahead of Hyundai Group with 17.5%, Mahindra with 8.2% and Honda with 7.5%.

As far as the best-selling models, in October ht market reported a new leader with Maruti Dzire selling 24.502 units (+36.5%) ahead of the usual leader, the Maruti Alto, with 22.861 sales (+6.6%) and the Maruti Swift with 17.669 (+47.7%).

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

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 OctRank 2015BrandSales OctSales 2015Var OctVar 2015Share OctShare 2015
11Maruti121.0631.067.19524,7%11,9%45,1%46,2%
22Hyundai47.015390.48923,7%13,7%17,5%16,9%
34Mahindra22.038171.32119,9%-2,8%8,2%7,4%
43Honda20.166175.29952,3%16,8%7,5%7,6%
55Tata12.798121.32111,2%17,7%4,8%5,3%
66Toyota12.403119.092-1,2%9,4%4,6%5,2%
77Ford10.00863.11248,9%-6,8%3,7%2,7%
89Renault7.39635.30797,2%-6,2%2,8%1,5%
98Volkswagen3.25538.637-30,2%6,5%1,2%1,7%
1010Chevrolet2.73831.528-33,3%-37,5%1,0%1,4%
1111Nissan1.76018.758-36,3%-42,4%0,7%0,8%
1213Skoda1.62112.90423,5%0,9%0,6%0,6%
1312Datsun1.48716.4829,8%36,0%0,6%0,7%
1414Mercedes1.10011.17923,7%32,8%0,4%0,5%
1515Audi8659.122-3,8%4,8%0,3%0,4%
1616Fiat7647.226-44,2%-33,3%0,3%0,3%
1717BMW6806.949-13,3%-13,0%0,3%0,3%
1818Land Rover3803.77630,5%64,1%0,1%0,2%
1919Force2343.210-4,1%14,2%0,1%0,1%
2025Mitsubishi20076142,9%-40,5%0,1%0,0%
Rank OctRank 2015GroupSales OctSales 2015Var OctVar 2015Share OctShare 2015
11Suzuki121.0631.067.19524,7%11,9%45,1%46,2%
22Hyundai-Kia47.015390.48923,7%13,7%17,5%16,9%
34Mahindra Group22.050171.68919,3%-3,2%8,2%7,4%
43Honda20.166175.29952,3%16,8%7,5%7,6%
55Tata13.178125.09711,7%18,7%4,9%5,4%
66Toyota12.403119.092-1,2%9,4%4,6%5,2%
77Renault-Nissan10.64370.54735,3%-14,3%4,0%3,1%
88Ford10.00863.11248,9%-6,8%3,7%2,7%
99Volkswagen5.86861.863-16,3%4,9%2,2%2,7%
1010General Motors2.73831.528-33,3%-37,5%1,0%1,4%
Rank OctRank 2015ModelSales OctSales 2015Var OctVar 2015Share OctShare 2015
12Maruti Dzire24.502200.42236,5%11,5%9,8%9,0%
21Maruti Alto22.861227.5126,6%6,6%9,2%10,2%
33Maruti Swift17.669180.51747,7%7,8%7,1%8,1%
44Maruti Wagon R14.734141.7683,0%6,3%5,9%6,4%
56Hyundai i10 Grand14.07998.40767,6%21,6%5,7%4,4%
65Hyundai i2011.019109.63123,9%122,7%4,4%4,9%
77Mahindra Bolero7.75474.039-14,7%-13,9%3,1%3,3%
821Hyundai Creta7.22530.4062,9%1,4%
98Honda City7.02270.20437,1%9,6%2,8%3,1%
1012Honda Amaze6.97156.79281,4%-1,0%2,8%2,5%
1114Maruti Eeco6.86150.95159,2%24,8%2,8%2,3%
1210Maruti Omni6.81666.25810,9%8,6%2,7%3,0%
139Maruti Celerio6.66467.98616,4%17,5%2,7%3,0%
1411Hyundai Eon6.47958.103-7,3%-14,2%2,6%2,6%
1515Maruti Ertiga5.83248.57516,1%-5,3%2,3%2,2%
1613Toyota Innova5.72452.62411,2%6,8%2,3%2,4%
1717Hyundai Xcent5.10142.49610,2%-5,0%2,0%1,9%
1822Toyota Etios4.81728.607100,8%29,0%1,9%1,3%
1916Mahindra Scorpio4.71943.584-6,5%0,7%1,9%2,0%
2025Honda Jazz4.49623.6741,8%1,1%
2119Mahindra XUV 5003.96431.85027,9%4,3%1,6%1,4%
2236Ford Figo3.53412.561106,7%-33,1%1,4%0,6%
2320Tata Indica/Vista3.43830.44424,0%-3,8%1,4%1,4%
2418Ford Ecosport3.41737.305-24,5%-14,9%1,4%1,7%
2537Ford Aspire3.04111.8131,2%0,5%
2635Maruti S-Cross3.01712.7321,2%0,6%
2726Tata Zest2.52621.403-28,3%124,7%1,0%1,0%
2830Tata Nano2.30019.18939,1%26,1%0,9%0,9%
2924Volkswagen Polo2.00725.707-32,8%11,0%0,8%1,2%
3031Toyota Liva1.98418.072-17,6%2,5%0,8%0,8%
3127Tata Indigo/Manza1.81420.98710,4%-11,0%0,7%0,9%
3228Renault Duster1.72720.174-49,5%-40,4%0,7%0,9%
3323Hyundai i101.65628.584-47,5%-5,4%0,7%1,3%
3432Maruti Ritz1.40217.496-50,9%-40,5%0,6%0,8%
3529Hyundai Verna1.25619.840-44,1%-35,3%0,5%0,9%
3633Toyota Fortuner1.23014.202-17,5%0,2%0,5%0,6%
3743Skoda Rapid1.1759.47312,2%-4,1%0,5%0,4%
3838Volkswagen Vento1.14711.048-25,2%-0,7%0,5%0,5%
3944Chevrolet Tavera1.0019.461-6,4%-20,4%0,4%0,4%
4039Tata Bolt97210.6250,4%0,5%

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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