Indian Autos Market was hit by a large drop in July, registering 201.827 units (-30.2%). Maruti, the leader holding 47.8% of share, declined 36.7%. The negative trend was held by the entire Top 10, except for Volkswagen, which improved by 2.2%.
Indian economic growth appeared subdued in April, although it was still likely stronger than in March. The private sector PMI averaged markedly lower in April than it did in the previous three-month period on weaker demand growth, in addition to disruption stemming from the general election. The weather also likely had an impact as workers toiled in sweltering temperatures in May.
Moreover, there was lower-than-average rainfall in June, the first month of the four-month monsoon season, which will have hit the agricultural sector. In politics, the government unveiled its final budget for FY 2019 on 5 July. The budget outlines a 13.3% spending increase, which is unchanged from the interim budget presented in February.
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, as well as in June (-17.5%) with 224.095 units.
In July, registrations fell sharply down (-30.2%) with 201.827, leading year-to-date figures at 1.755.141 (-13%).
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.
At brand-wise, year-to-date Maruti scored 881.278 sales (-14.8%) and its 50.1% market share .
Hyundai was second with 298.787 sales (-6.2%) ahead of Mahindra & Mahindra with 145.182 (+4.9%) and Tata – down 21% – with 101.177.
In fifth place, Honda with 92.268 (-10.1%), Toyota with 77.528 (-13.8%), Ford with 47.133 (-21.8%), Renault with 40.458 (-17.3%), Volkswagen with 17.835 (-18.8%) and in 10th place Datsun with 10.570 (-51.4%).
At model wise, the best-selling car is the Maruti Alto with 134.407 sales (-8.4%) followed by the Maruti DZire with 117.454 (-29.3%) and the Maruti Swift with 113.059 (-13.8%).
As Annual Member, you are entitled to see the Top 100 selling models list for current and previous years.
|Rank 2019||Rank 2018||Brand||Sales YTD July 2019||Sales July 2019||'+/- YTD 2019||'+/- Jul 2019||Share YTD July 2019||Share July 2019|
|Rank 2019||Rank 2018||Group||Sales YTD July 2019||Sales July 2019||'+/- YTD 2019||'+/- Jul 2019||Share YTD July 2019||Share July 2019|
|7||7||Renault Nissan Alliance||54.617||4.964||-28,3%||-45,0%||3,1%||2,5%|
|Rank 2019||Rank 2018||Model||Sales YTD July 2019||Sales July 2019||'+/- YTD 2019||'+/-July 2019|
|5||6||Maruti Wagon R||93.018||15.062||-7,5%||5,0%|
|11||8||Hyundai Grand i10||56.275||5.081||-28,8%||-52,8%|
|21||156||Mahindra XUV 300||27.772||4.464|