India new cars sales rose 5% in September scoring the 11th y.o.y growth.

India new cars sales Ford-Figo-Aspire-0

India new cars sales rose 5% in September scoring the 11th year-on-year growth in a string with two new models, the Hyundai Creta and the Ford Aspire landed immediately on the shoulders of top selling models.

Economic Outlook

India’s economy lost steam in the April to June quarter, slowing to a 7.0% expansion over the same period of the previous year. While the country is outperforming the majority of its regional peers, lackluster private consumption suggests that slack persists.

Moreover, recent data paint a cloudy picture of the economy’s momentum in the third quarter. The services PMI rose in August, but the trade deficit widened in the same month and industrial production lost steam in July. On the political front, the cabinet approved two measures from the budget in September: the sovereign gold bond scheme and the gold monetization scheme.

Both schemes are designed to reduce India’s massive import bill for gold by shifting investment demand away from physical gold. While it is still unclear if the plans are attractive enough to sway households—a gold monetarization plan launched in 1999 was unsuccessful—the schemes could help contain the country’s twin deficits.

Market Outlook

New radical government, elected in May 2014, was welcomed by the automotive sector starting a new positive trend that has anticipated the real economic recovery. Indeed the promised economic growth arrived this year sustaining the consumer’s demand in all sectors including the automotive, albeit reforms announced one years ago are far to be in place.

However, during the first half of the 2015 the market was almost positive albeit a shy +0.5% scored in June, with total sales up 6.3%.

The third quarter started further better, with July up 12.7%, August up 6.2% and September up 4.8% at 232.931 sales.

Consequently, as reported by SIAM, the Society of Indian Automotive Manufacturers, and Manufacturers, the total new cars sold during the first nine months of the year had ben 2.042.937, up 6.8% from the correspondent period last year.

Competitive Arena

Maruti kept increasing market share and in September hits the 45.5% with 106.083 sales (+6.8%) followed by Hyundai with 42.505 units (+21.3%) and Honda with 18.50.955 (+23.3%).

After an almost negative first half of the year, Mahindra & Mahindra is now recovering and in September ranked in fourth place with 18.288 sales (-4.6%) ahead of Tata with 11.776 (-1.3%) and Toyota with 11.376 (-9.4%).

Launching the new Aspire, Ford ranked in 7th with 8.296 sales (+22.3%). Ford has kicked off production of the Figo Aspire at the all-new Sanand Vehicle Assembly and Engine Plant in India following a $1billion investment. The new facility doubles Ford’s annual installed capacity in India to 610,000 engines and 440,000 vehicles.

As far as the performance at group level, Maruti Suzuki led with 45.53% of market share ahead of Hyundai Group with 18.2%, Honda with 7.9% and Mahindra with 7.9%.

As far as the best-selling models, the leader was again Maruti Alto with 20.658 sales (+3.8%) followed by the Maruti Dzire with 19.682 (+8.2%) and the Maruti Swift with 18.278 (+5.9%).

The just launched Hyundai Creta was 8th with 7.320 with the Ford Aspire was 20th with 3.596 sales.

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 Sep Rank 2015 Brand Sales Sep Sales Ytd Var Sep Var Ytd Share Sep Share Ytd
1 1 Maruti 106.083 946.132 6,8% 10,4% 45,5% 46,3%
2 2 Hyundai 42.505 343.474 21,3% 12,4% 18,2% 16,8%
3 3 Honda 18.509 155.133 23,3% 13,4% 7,9% 7,6%
4 4 Mahindra 18.288 149.283 -4,6% -5,4% 7,9% 7,3%
5 5 Tata 11.776 108.523 -1,3% 18,5% 5,1% 5,3%
6 6 Toyota 11.376 106.689 -9,4% 10,8% 4,9% 5,2%
7 7 Ford 8.296 53.104 22,3% -12,9% 3,6% 2,6%
8 8 Volkswagen 3.226 35.382 -21,1% 11,9% 1,4% 1,7%
9 9 Chevrolet 2.478 28.790 -42,0% -37,8% 1,1% 1,4%
10 10 Renault 1.781 27.911 -50,0% -17,6% 0,8% 1,4%
11 14 Mercedes 1.373 10.079 48,9% 33,9% 0,6% 0,5%
12 12 Datsun 1.318 14.995 29,5% 39,3% 0,6% 0,7%
13 11 Nissan 1.297 16.998 -58,5% -43,0% 0,6% 0,8%
14 13 Skoda 1.243 11.283 -24,5% -1,7% 0,5% 0,6%
15 15 Audi 865 8.257 -4,9% 5,7% 0,4% 0,4%
16 17 BMW 680 6.269 -24,8% -13,0% 0,3% 0,3%
17 16 Fiat 539 6.462 -46,4% -31,7% 0,2% 0,3%
18 18 Land Rover 380 3.396 67,0% 68,9% 0,2% 0,2%
19 19 Force 234 2.976 59,2% 15,9% 0,1% 0,1%
20 20 SsangYong 184 1.542 135,9% 50,0% 0,1% 0,1%
Rank Sep Rank 2015 Group Sales Sep Sales Ytd Var Sep Var Ytd Share Sep Share Ytd
1 1 Suzuki 106.083 946.132 6,8% 10,4% 45,5% 46,3%
2 2 Hyundai-Kia 42.505 343.474 21,3% 12,4% 18,2% 16,8%
3 3 Honda 18.509 155.133 23,3% 13,4% 7,9% 7,6%
4 4 Mahindra Group 18.472 150.825 -4,1% -5,1% 7,9% 7,4%
5 5 Tata 12.156 111.919 0,0% 19,6% 5,2% 5,5%
6 6 Toyota 11.376 106.689 -9,4% 10,8% 4,9% 5,2%
7 9 Ford 8.296 53.104 22,3% -12,9% 3,6% 2,6%
8 8 Volkswagen 5.462 55.995 -19,2% 7,8% 2,3% 2,7%
9 7 Renault-Nissan 4.396 59.904 -43,0% -19,6% 1,9% 2,9%
10 10 General Motors 2.478 28.790 -42,0% -37,8% 1,1% 1,4%
Rank Sep Rank 2015 Model Sales Sep YTD Sep Var Sep Var YTD Share Sep Share 2015
1 1 Maruti Alto 20.658 204.651 3,8% 6,6% 9,28% 10,3%
2 2 Maruti Dzire 19.682 175.920 8,2% 8,8% 8,84% 8,9%
3 3 Maruti Swift 18.278 162.848 5,9% 4,7% 8,21% 8,2%
4 4 Maruti Wagon R 14.912 127.034 -4,7% 6,7% 6,70% 6,4%
5 5 Hyundai i20 11.702 98.612 31,4% 144,6% 5,26% 5,0%
6 6 Hyundai i10 Grand 11.241 84.328 54,3% 16,3% 5,05% 4,3%
7 9 Maruti Celerio 8.901 61.322 39,5% 17,7% 4,00% 3,1%
8 24 Hyundai Creta 7.320 23.181 3,29% 1,2%
9 10 Maruti Omni 6.694 59.442 0,5% 8,3% 3,01% 3,0%
10 12 Honda Amaze 6.577 49.821 70,9% -6,9% 2,96% 2,5%
11 8 Honda City 5.702 63.182 24,0% 7,2% 2,56% 3,2%
12 7 Mahindra Bolero 5.585 66.285 -34,6% -13,8% 2,51% 3,3%
13 13 Toyota Innova 5.430 46.900 -7,6% 6,3% 2,44% 2,4%
14 14 Maruti Eeco 5.142 44.090 -1,2% 20,8% 2,31% 2,2%
15 25 Honda Jazz 4.762 19.178 2,14% 1,0%
16 11 Hyundai Eon 4.607 51.624 -29,0% -15,0% 2,07% 2,6%
17 16 Mahindra Scorpio 4.321 38.865 -28,7% 1,6% 1,94% 2,0%
18 17 Hyundai Xcent 4.228 37.395 -5,6% -6,7% 1,90% 1,9%
19 37 Maruti S-Cross 3.603 9.715 1,62% 0,5%
20 42 Ford Aspire 3.596 8.772 1,62% 0,4%
21 20 Tata Indica/Vista 3.345 27.006 10,8% -6,4% 1,50% 1,4%
22 18 Ford Ecosport 3.142 33.888 -30,4% -13,8% 1,41% 1,7%
23 19 Mahindra XUV 500 3.110 27.886 2,5% 1,6% 1,40% 1,4%
24 22 Toyota Etios 2.763 23.790 68,7% 20,3% 1,24% 1,2%
25 15 Maruti Ertiga 2.641 42.743 -53,4% -7,6% 1,19% 2,2%
26 30 Tata Nano 2.415 16.889 41,8% 24,5% 1,09% 0,9%
27 27 Tata Zest 2.163 18.877 -35,1% 214,5% 0,97% 1,0%
28 21 Hyundai i10 1.925 26.928 -30,3% -0,5% 0,87% 1,4%
29 23 Volkswagen Polo 1.896 23.700 -20,6% 17,5% 0,85% 1,2%
30 40 Ford Figo 1.547 9.027 -6,9% -47,1% 0,70% 0,5%
31 32 Toyota Liva 1.515 16.088 -36,8% 5,7% 0,68% 0,8%
32 26 Tata Indigo/Manza 1.475 19.173 -13,8% -12,6% 0,66% 1,0%
33 28 Hyundai Verna 1.341 18.584 -44,0% -34,6% 0,60% 0,9%
34 31 Maruti Ritz 1.194 16.094 -55,7% -39,3% 0,54% 0,8%
35 35 Volkswagen Vento 1.097 9.901 -24,3% 3,2% 0,49% 0,5%
36 34 Toyota Fortuner 1.089 12.972 -37,6% 2,3% 0,49% 0,7%
37 29 Renault Duster 1.009 18.447 -70,4% -39,4% 0,45% 0,9%
38 46 Skoda Rapid 948 8.298 -30,1% -6,0% 0,43% 0,4%
39 36 Chevrolet Beat 853 9.733 -25,1% -38,5% 0,38% 0,5%
40 44 Chevrolet Tavera 841 8.460 -26,8% -21,7% 0,38% 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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Laos Automotive Report 2010-2025

Laos Automotive Report 2010-2025 features historical data and insights plus professional forecast on new vehicles sales by type, manufacturer, brand and model providing an easy-to-use picture of current and future competitive landscape.