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Flash Reports

India November. Market is ending the 2018 with the new All Time Record

Indian Autos Market Suzuki-Vitara-2019

Indian Autos Market in November kept momentum with car passenger’s sales up 3% keeping the path to the new all time record. Mahindra scored a +54.8% in November with Hyundai +18.2% and Honda +20%, while Maruti fell 5% and Jeep was down 59% after the long run.

Economic Environment

Indian economy slowed in the second quarter of this fiscal year, which runs from April 2018 to March 2019. In Q2, the merchandise trade deficit increased by nearly 50% compared to the same quarter a year earlier, primarily due to surging oil imports. More positively, business activity in the private sector increased in Q2 at a faster rate than in Q1.

Meanwhile, assembly elections are scheduled to take place across five states from 12 November and 7 December. These polls could become litmus tests for the political support of the ruling Bharatiya Janata Party (BJP) heading into the 2019 general elections.

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 fourth years the market has taken a stable growing pathway hitting the all time record any year.

In the 2017,  on top of new GST effective for all sectors, the automotive industry was effected by the new Automotive policy, effective from July 1st, having the Government changed vehicles duties aiming to sustain vehicles of reduced dimensions (below the 4 meters) and to reduce the emission level. The new law is basically similar to the previous one and should not change the industry basic with the dominion of local-made small vehicles and the growth of SUV segment just in the compact derivatives. However, the law includes a sort of luxury tax for high cylinder engines, penalizing the sales for Premium brands.

According to data released by the SIAM, the local association of manufacturers, the 2017 ended with the new record level, at 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 will hit again the new all time record.

Indeed after a first quarter with sales at 845.218 (+5.5%) and a second at 861.741 (+18.1%), the third quarter ended with 866.962 units (-3.8%).

Almost positive the Q4 with October sales at 283.940 (+1.5%) and November at 266.540 (+3.1%) with year to date figures at 3.13 million units (+4.9%).

Market Sales November ‘+/- Nov Sales YTD 2018 ‘+/- YTD 2018 Sales 2018 est.
Car 266.540 3,1% 3.135.071 4,9% 3.384.765

Competitive Arena

At brand-wise, so far in the year Maruti improved year to date a robust 8.6% with 1.611.375 sales and 51.4% of market share.

Hyundai was second with 507.909 sales (+4.3%) ahead of Mahindra & Mahindra with 213.444 (+2.7%), Tata – in sharp recovery after a prolonged crisis – with 200.219 (+28.6%), Honda with 161.934 (-2.7%), Toyota with 128.945 (+0.1%), Ford with 91.964 (+11.5%), Renault with 75.105 (-27.6%), Volkswagen with 34.209 (-23.6%) and in 10th place Datsun with 32.234 (-14.4%).

At model wise, the leader was Maruti Dzire with 247.815 sales (+21.5%) followed by the Maruti Alto with 213.746 (-10%) and the Maruti Swift with 211.840 (+34.4%).

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

Research, Consulting, Data & Forecast

F2M covers intensively this market with several products developed to help any investigation required. Market Researches in PDF are immediately available for download with study on the market since 2005 and with forecast up to the 2025. AutoData in EXCEL are immediately downloadable with annual sales volume, split by month, for all brands and all models distributed in the market. This year data are released year to date, but you will receive a monthly update until the year-end.  See details within  India Corner Store

Brand Sales November ‘+/- Nov Sales YTD 2018 ‘+/- YTD 2018 Share YTD 2018 Rank 2018 Rank 2017
Maruti 143.890 -5,8% 1.611.375 8,6% 51,4% 1 1
Hyundai 43.709 18,2% 507.909 4,3% 16,2% 2 2
Mahindra 15.155 54,8% 213.444 2,7% 6,8% 3 3
Tata 16.982 6,5% 200.219 28,6% 6,4% 4 5
Honda 13.006 20,0% 161.934 -2,7% 5,2% 5 4
Toyota 10.721 -1,0% 128.945 0,1% 4,1% 6 6
Ford 6.375 16,3% 91.964 11,5% 2,9% 7 8
Renault 6.134 -9,4% 75.105 -27,6% 2,4% 8 7
Volkswagen 2.501 -6,9% 34.209 -23,6% 1,1% 9 9
Datsun 2.246 -7,5% 32.234 -14,4% 1,0% 10 10
Jeep 1.164 -59,3% 17.137 48,2% 0,5% 11 14
Skoda 1.305 16,7% 15.295 -2,5% 0,5% 12 11
Mercedes 1.200 -15,3% 14.039 -2,7% 0,4% 13 12
BMW 800 -2,6% 9.415 9,1% 0,3% 14 15
Nissan 202 -64,9% 6.984 -42,1% 0,2% 15 13
Audi 600 14,6% 6.820 -8,4% 0,2% 16 16
Land Rover 170 -31,9% 3.028 21,8% 0,1% 17 20
Volvo 150 -16,7% 2.196 22,9% 0,1% 18 21
Jaguar 80 66,7% 1.110 -1,0% 0,0% 19 22
Fiat 65 38,9% 668 -74,5% 0,0% 20 18

Rank 2018 Rank 2017 Model Sales November ‘+/- Nov Sales YTD 2018 ‘+/- YTD 2018
1 2 Maruti Dzire 21.037 -6,5% 247.815 21,5%
2 1 Maruti Alto 18.643 -22,9% 213.746 -10,0%
3 4 Maruti Swift 22.191 66,4% 211.840 34,4%
4 3 Maruti Baleno 18.649 5,0% 199.100 23,9%
5 5 Maruti Wagon R 11.311 -19,4% 149.479 -3,6%
6 7 Maruti Vitara 14.378 -0,6% 145.798 12,7%
7 8 Hyundai i20 10.555 3,1% 129.154 3,9%
8 6 Hyundai Grand i10 9.252 -30,2% 122.799 -13,4%
9 9 Hyundai Creta 9.677 13,5% 113.274 14,7%
10 10 Maruti Celerio 8.371 -0,8% 91.947 -2,9%
11 16 Tata Tiago 7.879 6,2% 86.658 31,6%
12 13 Mahindra Bolero 5.582 13,7% 80.632 6,1%
13 12 Maruti Omni 6.570 -2,9% 78.939 0,4%
14 14 Maruti Eeco 7.483 10,1% 76.033 13,9%
15 15 Toyota Innova 5.425 -18,7% 65.946 -0,7%
16 27 Honda Amaze 4.854 145,6% 61.997 130,5%
17 11 Renault Kwid 5.419 -5,4% 60.983 -28,7%
18 23 Ford Ecosport 2.724 -50,2% 49.698 14,5%
19 17 Maruti Ertiga 6.362 35,9% 49.253 -23,1%
20 53 Tata Nexon 4.224 1,5% 48.126 379,6%
21 21 Mahindra Scorpio 2.906 -20,6% 46.373 -4,9%
22 18 Maruti Ciaz 3.838 -4,3% 46.025 -22,8%
23 20 Hyundai Eon 1 -100,0% 41.681 -25,5%
24 22 Maruti Ignis 2.285 -33,0% 40.990 -12,0%
25 33 Hyundai Verna 2.558 -31,8% 40.604 69,5%
26 24 Hyundai Xcent 2.495 -12,2% 39.753 2,5%
27 19 Honda City 3.531 6,5% 38.750 -33,4%
28 35 Maruti S-Cross 2.325 -30,9% 38.258 61,0%
29 25 Honda WR-V 2.786 -20,9% 34.410 -5,4%
30 39 Tata Tigor 2.156 -15,9% 27.287 26,9%

(1909)