India March. Honda shines (+26.7%), ignoring all the surrounding gloom

Indian Autos Market

Indian Autos Market dropped down in March, despite the previous month of gain,  with 290.586 sales (-2.5%). Maruti held the pole position with 50% market share, followed by Hyundai and Mahindra. Honda (+26.7%) marked an outstanding performance, ending up in fifth place.

 

Economic Environment

Indian economic activity, in January, in the private sector increased at a strong pace due to a stellar showing from manufacturing businesses; on the other hand, activity among service businesses grew at a slower pace than in December.

Meanwhile, in October–December, the economy likely grew at a robust pace. This was partly thanks to lower oil prices, which should have supported consumption growth, although lending constraints in the financial sector could have hampered household spending. In other news, a terrorist attack in Kashmir on 14 February severely hit India-Pakistan relations.

 

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 year-to-date sales slightly negative (-0.5%) with 841.962 units.

 

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 421.383 sales (-0.4%) and its 50.0% market share .

Hyundai was second with 133.263 sales (-3.4%) ahead of Mahindra & Mahindra with 72.901 (+9.9%) and Tata – down 7.5% – with 53.746.

In fifth place, Honda with 48.990 (+21.6%), Toyota with 35.799 (+37.4%), Ford with 22.640 (-17.7%), Renault with 19.193 (-12.4%), Volkswagen with 8.171 (-21.1%) and in 10th place Datsun with 5.556 (-49.2%).

At model wise, the best-selling car is the Maruti Alto with 64.937 sales (+4.4%) followed by the Maruti DZire with 54.923 (-16.4%) and the Maruti Baleno with 51.925 (+4.2%).

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

Rank
2019
Rank
2018
BrandsSales
YTD 2019
Sales
March
March
YTD +/-
Mar
19 +/-
Share
YTD 2019
Share
March
11Maruti421.383145.031-0,4%-1,5%50,0%49,9%
22Hyundai133.26344.350-3,4%-7,6%15,8%15,3%
33Mahindra72.90125.9829,9%8,0%8,7%8,9%
44Tata53.74617.810-7,5%-12,1%6,4%6,1%
55Honda48.99017.20221,6%26,7%5,8%5,9%
66Toyota35.79912.81837,4%2,2%4,3%4,4%
77Ford22.6408.271-17,7%-8,3%2,7%2,8%
88Renault19.1937.127-12,4%-7,2%2,3%2,5%
99Volkswagen8.1712.751-21,1%-25,9%1,0%0,9%
1010Datsun5.5561.925-49,2%-51,2%0,7%0,7%
1111Jeep4.0121.441-35,5%-33,7%0,5%0,5%
1212Skoda3.9001.401-4,2%-5,6%0,5%0,5%
1415Nissan3.25197711,0%0,3%0,4%0,3%
2020Fiat1878053,3%86,0%0,0%0,0%

Rank
2019
Rank
2018
GroupSales
YTD 2019
Sales
March
March
YTD +/-
Mar
19 +/-
Share
YTD 2019
Share
March
11Suzuki421.383145.031-0,4%-1,5%50,0%49,9%
22Hyundai-Kia133.26344.350-3,4%-7,6%15,8%15,3%
33Mahindra72.90125.9829,9%8,0%8,7%8,9%
44Tata55.04618.310-6,6%-10,8%6,5%6,3%
55Honda Motor48.99017.20221,6%26,7%5,8%5,9%
66Toyota Group35.79912.81837,4%2,2%4,3%4,4%
77Renault Nissan Alliance28.00010.029-21,7%-20,4%3,3%3,5%
88Ford Group22.6408.271-17,7%-8,3%2,7%2,8%
99Volkswagen Group13.9214.732-15,0%-16,8%1,7%1,6%
1010F.C.A.4.1991.521-33,8%-31,3%0,5%0,5%
Rank
2019
Rank
F.Y. 2018
ModelsSales
YTD 2019
March
19
Sales
YTD +/-
March
19 +/-
12Maruti Alto64.93716.8264,4%-27,8%
21Maruti Dzire54.92319.935-16,4%-10,2%
34Maruti Baleno51.92517.2644,2%6,2%
43Maruti Swift51.23714.2180,6%-26,0%
56Maruti Wagon R41.86116.152-1,3%13,7%
65Maruti Vitara38.96614.1816,6%7,9%
77Hyundai i2035.46812.172-2,4%-8,6%
89Hyundai Creta31.96811.44811,9%14,4%
914Maruti Eeco26.6199.89337,1%36,8%
108Hyundai Grand i1026.5757.225-23,6%-42,1%
1110Maruti Celerio24.65511.80712,7%59,7%
1213Mahindra Bolero23.9918.019-5,2%-11,9%
1318Maruti Ertiga23.2828.95561,4%76,1%
1411Tata Tiago23.2116.8840,4%-15,3%
1516Honda Amaze21.9627.419389,7%936,2%
1615Toyota Innova19.9016.984-1,0%0,5%
1712Maruti Omni19.5296.5453,1%1,3%
1819Tata Nexon15.9745.61618,5%27,5%
1917Renault Kwid15.6155.853-10,9%0,0%
20145Hyundai Santro15.1558.280
2122Mahindra Scorpio14.7605.433-7,7%-8,0%
2220Ford Ecosport11.9074.241-32,4%-20,6%
2325Honda City11.5603.432-7,8%-26,7%
2424Hyundai Verna9.7163.201-23,8%-22,9%
2521Maruti Ciaz9.6903.672-32,1%-15,0%
2643Mahindra Marazzo9.1362.751
2729Honda WR-V8.2232.552-31,7%-42,1%
2827Maruti S-Cross7.0162.424-34,6%-38,1%
2931Mahindra XUV 5006.3811.91610,3%22,3%
3023Maruti Ignis6.1803.156-54,7%-17,7%

 

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