India May. Mahindra signs a plus 3.8%, ignoring the surrounding gloom

Indian Autos Market

Indian Autos Market is free-falling in May with 239.033 units (-20.3%). Maruti maintains the leadership even if falling in double-digit. While Mahindra – ranking 3rd – registers the only positive performance within the Top10.

 

Economic Environment

Indian economic activity indicates continuity in policy, notably rising government spending with a focus on infrastructure and financial support for farmers. Against this backdrop, private-sector PMI data in April hinted at potentially quicker economic growth going forward despite easing to the lowest reading since September 2018, as businesses were optimistic that economic conditions would improve once the political dust settles.

This comes after the private-sector PMI edged slightly lower, on average, in January–March compared to the prior quarter, and industrial production decreased in March for the first time in over one-and-a-half years.

 

Market Trend

Indian vehicles market is the 5th largest in the World and is very close to outpace Germany for the 4th. In the last five years the market has taken a stable growing pathway hitting the all time record any year.

In the 2017 and 2018 the automotive industry was affected by the new Automotive policy, effective from July 1st 2017, having the Government changed vehicles duties aiming to sustain vehicles of reduced dimensions (below the 4 meters) and to reduce the emission level. However, According to data released by the SIAM, the local association of manufacturers, the 2017 ended with 3.223.429 car passenger’s sales, first time above the 3 million and up 8.7%.

In the 2018 the car passenger’s market reached a new all-time record ending with 3.381.696 sales (+4.8%), not including light commercials. However, after a spectacular start, closing the first half up 13.2%, the second part of the year have weakened due to a fall in Rupee and an increase in interest rates and fuel prices.

The very beginning of 2019 with January’s sales at 279.758 down 1.7%, was due to the weak growth of recent months. While February sales were up 3.1%  with 271.618 units.

In March sales dropped down 2.5% with 290.586,  leading to Q1 sales slightly negative (-0.5%) with 841.962 units.

In April the market keeps on falling (-16.3%), reaching 248.717 units sold. In May, the scenario has not improved (-20.3%) with 239.033 units.

The year-to-date registrations are at 1.329.712 (-7.9%).

 

Market Outlook

After the positive performances of the recent years, the Indian market continues to be seen improving in the period 2019-2025. Being considered one of the engines of the World’s growth, India will have a strong impact on the global market, together with China. Great attention is concentrated on the next May general elections. However the industry is seen positive across the period 2019-205 when will definitely overtake Germany as fourth market in the World.

Being interested to know more, give a look at this updated research. Clicking on the picture, you can see contents.

 

Competitive Arena

At brand-wise, year-to-date Maruti scored 673.786 sales (-9.9%) and its 50.7% market share .

Hyundai was second with 217.770 sales (-5.2%) ahead of Mahindra & Mahindra with 111.343 (+5.8%) and Tata – down 16.7% – with 77.341.

In fifth place, Honda with 71.074 (+9.8%), Toyota with 58.049 (+11.2%), Ford with 35.516 (-19.3%), Renault with 31.398 (-12.9%), Volkswagen with 12.851 (-22.4%) and in 10th place Datsun with 8.447 (-49.2%).

At model wise, the best-selling car is the Maruti Alto with 104.097 sales (-1.2%) followed by the Maruti DZire with 89.663 (-22.7%) and the Maruti Baleno with 84.456 (-5.8%).

As Annual Member, you are entitled to see the Top 100 selling models list for current and previous years.

Rank
2019
Rank
2018
BrandSales
YTD 2019
May
2019
'+/-
YTD 2019
'+/-
May
Share
YTD 2019
Share
May 2019
11Maruti673.786121.018-9,9%-25,1%50,7%50,6%
22Hyundai217.77042.502-5,2%-5,6%16,4%17,8%
33Mahindra111.34319.5415,8%3,8%8,4%8,2%
44Tata77.34110.900-16,7%-37,7%5,8%4,6%
55Honda71.70411.4429,8%-27,9%5,4%4,8%
66Toyota58.04912.13811,2%-7,4%4,4%5,1%
77Ford35.5166.361-19,3%-29,9%2,7%2,7%
88Renault31.3985.949-12,9%-11,6%2,4%2,5%
99Volkswagen12.8512.685-22,4%-13,6%1,0%1,1%
1010Datsun8.4471.382-49,2%-52,1%0,6%0,6%
1111Jeep6.193977-35,8%-35,6%0,5%0,4%
1212Skoda6.1741.148-10,4%-19,2%0,5%0,5%
1313Mercedes5.300900-20,5%-30,8%0,4%0,4%
1415Nissan4.245476-2,0%-30,4%0,3%0,2%
1514BMW3.700650-3,8%47,7%0,3%0,3%
1616Audi2.7504500,4%-10,0%0,2%0,2%
1719Jaguar1.300150152,4%72,4%0,1%0,1%
1817Volvo900160-1,7%-39,6%0,1%0,1%
1918Land Rover650100-18,8%-33,3%
2020Fiat255148,1%-71,4%
2122Mini2305031,4%42,9%
2221Porsche16030-28,9%-25,0%
2323Force50100,0%0,0%

Rank
2019
Rank
2018
GroupSales
YTD 2019
May
2019
'+/-
YTD 2019
'+/-
May
Share
YTD 2019
Share
May 2019
11Suzuki673.786121.018-9,9%-25,1%50,7%50,6%
22Hyundai-Kia217.77042.502-5,2%-5,6%16,4%17,8%
33Mahindra111.34319.5415,8%3,8%8,4%8,2%
44Tata79.29111.150-15,8%-37,1%6,0%4,7%
55Honda Motor71.70411.4429,8%-27,9%5,4%4,8%
66Toyota Group58.04912.13811,2%-7,4%4,4%5,1%
77Renault Nissan Alliance44.0907.807-22,7%-24,2%3,3%3,3%
88Ford Group35.5166.361-19,3%-29,9%2,7%2,7%
99Volkswagen Group21.9354.313-17,0%-14,9%1,6%1,8%
1010F.C.A.6.448991-34,7%-36,8%0,5%0,4%
Rank
2019
Rank
2018
ModelsSales
2019 YTD
Sales
May 19
'+/-
2019 Var
'+/-
May 19
12Maruti Alto104.09716.394-1,2%-25,1%
21Maruti Dzire89.66316.196-22,7%-33,5%
34Maruti Baleno84.45615.176-5,8%-21,8%
43Maruti Swift84.05217.039-9,6%-11,3%
56Maruti Wagon R67.72814.561-9,6%-8,8%
65Maruti Vitara59.5328.781-5,5%-43,8%
77Hyundai i2054.8378.958-7,7%-16,0%
89Hyundai Creta51.5099.0545,2%-17,7%
914Maruti Eeco48.61211.73939,9%49,4%
108Hyundai Grand i1044.2878.102-23,5%-25,9%
1118Maruti Ertiga40.2338.86461,0%81,9%
1210Maruti Celerio36.6005.277-12,2%-48,1%
1313Mahindra Bolero35.2485.947-16,0%-26,8%
1416Honda Amaze33.7366.000136,3%-38,7%
1511Tata Tiago32.0553.535-13,9%-49,9%
1615Toyota Innova31.1535.631-6,3%-7,2%
17145Hyundai Santro26.9634.902
1817Renault Kwid26.1035.152-8,4%-0,8%
1919Tata Nexon24.4564.5068,6%4,6%
2022Mahindra Scorpio22.1663.476-8,1%-7,9%
2112Maruti Omni20.9306-42,2%-99,9%
2220Ford Ecosport18.7023.604-30,1%-28,0%
2325Honda City16.5112.557-11,5%-7,5%
2421Maruti Ciaz16.0713.592-31,4%-10,7%
2524Hyundai Verna15.2152.567-26,3%-32,5%
2643Mahindra Marazzo12.2091.381
2729Honda WR-V11.3471.520-33,1%-22,5%
2827Maruti S-Cross10.6861.507-44,5%-67,3%
2923Maruti Ignis10.5631.886-53,8%-54,4%
3031Mahindra XUV 5009.0841.195-21,3%-56,9%

 

(2668)

Share: