India September. Renault unaffected from a very negative market trend (-23.1%)

Indian Autos Market

Indian Autos Market in September fell down 23.1% with 225.021. units sold. Maruti – followed by Hyundai (-14.8%) and Mahindra (-29.9%) – held 49% of share. Renault ran against the market trend, signing an impressive +29.7%, while Kia entered into the Top 10.

Economic Environment

Indian economy looks set to regain traction in Q2 FY 2019, which runs from July to September, after GDP growth slowed to an over six-year low in Q1 FY 2020. Total rainfall over the June–September monsoon season is on track to reach close to or just above normal levels, which should support agricultural output over the coming months and, more immediately, consumer sentiment, given that approximately half of India’s workforce is dependent on the agriculture sector.

Moreover, in July–August, private sector activity grew at a notably faster pace than in Q1, according to PMI data. In addition, the government announced new measures in August to try to stimulate the economy, including several mergers of public-sector banks and the relaxation of FDI rules.

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, as well as in June (-17.5%) with 224.095 units.

In July, registrations fell sharply down (-30.2%) with 201.827. In August the market fell down again 29.5% with 197.763 units sold, keeping a disappointing trend in September (-23.1%) with 225.021 units sold. Year-to-date figures are now at 2.181.583 (-15.8%).

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 1.08 million sales (-18.5%) and its 49.7% market share .

Hyundai was second with 377.697 sales (-8.4%) ahead of Mahindra & Mahindra with 172.296 (-2.3%) and Tata – down 29.3% – with 116.590.

In fifth place, Honda with 109.860 (-18.3%), Toyota with 98.432 (-11.3%), Ford with 58.206 (-24%), Renault with 54.507 (-12%), Volkswagen with 22.691 (-20.4%) and in 10th place Kia with 13.990.

At model wise, the best-selling car is the Maruti Alto with 159.609 sales (-16.3%) followed by the Maruti Dzire with 146.390 (-30.1%) and the Maruti Swift with 138.437 (-19.7%).

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

Rank 2019Rank 2018BrandSales Sept YTD 2019Sales Sept 2019+/- YTD 2019+/- Sept 2019Share YTD Sept 2019Share Sept 2019
2117Land Rover1.61295-37,0%-73,1%0,1%0,0%
3029Aston Martin6--57,1%-100,0%0,0%0,0%

Rank 2019Rank 2018GroupSales Sept YTD 2019Sales Sept 2019+/- YTD 2019+/- Sept 2019Share YTD Sept 2019Share Sept 2019
55Honda Motor109.8609.301-18,3%-37,4%5,0%4,1%
66Toyota Group98.43210.203-11,3%-18,5%4,5%4,5%
77Renault Nissan Alliance71.5129.778-25,2%1,2%3,3%4,3%
88Ford Group58.2065.556-24,0%-32,6%2,7%2,5%
99Volkswagen Group39.1184.273-15,5%-16,9%1,8%1,9%
1011Mercedes Daimler10.917750-10,9%-50,4%0,5%0,3%

Rank 2019Rank 2018ModelSales YTD 2019Sales Sep. 2019'+/- YTD 2019'+/- Sep 2019
12Maruti Alto159.60915.079-16,3%-30,57%
21Maruti Dzire146.39015.662-30,1%-26,46%
33Maruti Swift138.43712.934-19,7%-41,81%
44Maruti Baleno131.11411.420-19,0%-38,70%
55Maruti Wagon R116.17711.757-8,9%-11,28%
67Hyundai i2099.69019.499-5,3%57,50%
76Maruti Vitara91.17610.362-21,1%-28,17%
814Maruti Eeco86.2989.94939,6%35,29%
99Hyundai Creta79.0706.641-14,0%-39,63%
108Hyundai Grand i1075.0369.358-26,2%-16,63%
1120Maruti Ertiga71.6976.28472,7%60,06%
1210Maruti Celerio55.1814.140-25,8%-55,04%
1316Honda Amaze54.2184.8235,1%-42,59%
1412Mahindra Bolero52.9844.179-21,9%-40,69%
15152Hyundai Santro51.2033.502
1615Toyota Innova49.8534.225-7,4%-34,77%
1711Tata Tiago48.3863.068-32,1%-63,38%
1817Renault Kwid38.3332.995-22,6%-45,83%
1921Tata Nexon37.0872.842-5,6%-33,86%
2022Mahindra Scorpio34.5633.600-11,1%-8,65%
21152Mahindra XUV 30032.7962.492
2218Ford Ecosport31.1143.139-27,7%-17,15%
2328Honda City24.3051.819-23,1%-29,06%
2423Maruti Ciaz24.1011.715-37,1%-72,54%
2525Hyundai Verna22.7111.738-34,6%-50,36%
2613Maruti Omni20.930--68,0%-100,00%
2733Tata Xenon19.4402.1600,0%0,00%
2835Tata Ace18.6302.0700,0%0,00%
2924Maruti Ignis17.6251.266-51,6%-52,19%
3029Honda WR-V16.4611.341-42,0%-44,61%