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India August. Losing 3% the market has taken a break

Indian Autos Market Suzuki-Vitara-2019

Indian Autos Market fell 3% in August again as in July. Following the huge +36% reported in June the market outlook unchanged and is on track to hit a new record thanks to robust demand supported by accelerated private consumption. Maruti over 50% of share.

Indian economy performed well recently, after growing at the fastest rate in seven quarters in January–March. In July, business activity in the private sector increased at the fastest pace since October 2016. This was primarily due to strong new orders growth in the services sector. However, in the same month, the merchandise trade deficit hit the highest level since May 2013 due to surging oil imports. Meanwhile, Prime Minister Narendra Modi comfortably fended off a no-confidence vote in parliament on 20 July. The win should provide him with additional breathing room to continue his policy agenda before next year’s general elections. In an early sign of this, in late July the government slashed taxes on over 50 goods, while also hiking import tariffs on hundreds of textile products in August, which should support private consumption and the trade balance, respectively, going forward.

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%

A new all time record will be hit by this industry in the 2018. Indeed the market is growing with continuity month after month and after having ended the first quarter with 845.218 sales (+5.5%) and the second with 861.741 (+18.1%). In July sales were 289.002 (-3.0%) and in August 285.135 (-3.1%) with Year to Date figures at 2.290.693 (+7.8%).

Market Sales First Half Sales July 2018 Sales August Sales YTD 2018 Variation First Half Variation July Variation August Variation YTD 2018
Car 1.716.556 289.002 285.135 2.290.693 12,1% -3,0% -3,1% 7,8%

At brand-wise, so far in the year Maruti improved year to date a robust 12.0% with 1.180.025 sales and 51.5% of market share.

Hyundai was second with 364.418 sales (+6.1%) ahead of Mahindra & Mahindra with 155.795 (+4.8%), Tata – in sharp recovery after a prolongued crisis – with 146.528 (+39.9%), Honda with 119.875 (-1.8%), Toyota with 93.106 (+2.0%) – with July up 17% -, Ford with 68.306 (+10.6%), Renault with 55.471 (-26.8%), down 31% in July, Volkswagen with 25.309 (-22.1%) and in 10th place Datsun with 24.339 (-10.4%).

At model wise, the leader was Maruti Dzire with 188.078 sales (+48.3%) followed by the Maruti Alto with 151.214 (-11.0%) and the Maruti Swift with 150.206 (+26.2%).

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

Rank 2018 Rank 2017 Brand Sales 2018 Sales August Variation 2018 Variation August Share 2018 Share August
1 1 Maruti 1.180.025 145.624 12,0% -3,7% 51,5% 51,1%
2 2 Hyundai 364.418 45.801 6,1% -2,8% 15,9% 16,1%
3 3 Mahindra 155.795 17.341 4,8% -1,5% 6,8% 6,1%
4 5 Tata 146.528 18.420 39,9% 28,5% 6,4% 6,5%
5 4 Honda 119.875 17.020 -1,8% -2,0% 5,2% 6,0%
6 6 Toyota 93.106 14.136 2,0% 17,6% 4,1% 5,0%
7 8 Ford 68.306 8.042 10,6% 3,4% 3,0% 2,8%
8 7 Renault 55.471 6.557 -26,8% -31,6% 2,4% 2,3%
9 9 Volkswagen 25.309 3.334 -22,1% -19,8% 1,1% 1,2%
10 10 Datsun 24.339 2.578 -10,4% -30,3% 1,1% 0,9%
11 13 Jeep 13.627 1.303 229,9% -35,5% 0,6% 0,5%
12 11 Skoda 10.875 1.330 1,2% -24,3% 0,5% 0,5%
13 12 Mercedes 10.413 1.105 1,0% -34,5% 0,5% 0,4%
14 15 BMW 6.633 722 8,5% -22,4% 0,3% 0,3%
15 14 Nissan 6.041 530 -32,4% -50,9% 0,3% 0,2%
16 16 Audi 4.950 622 -14,8% 0,3% 0,2% 0,2%
17 19 Land Rover 1.991 235 19,2% -13,0% 0,1% 0,1%
18 21 Volvo 1.792 240 74,5% 0,0% 0,1% 0,1%
19 20 Fiat 402 97 -81,9% -59,4% 0,0% 0,0%
20 25 Porsche 349 40 3,3% -11,1% 0,0% 0,0%
21 26 Mini 271 31 6,3% -11,4% 0,0% 0,0%
22 31 SsangYong 94 27
23 18 Force 60
24 31 Hindustan 22
25 29 Bentley 1
Rank 2018 Rank 2017 MODEL Sales 2018 Sales August Variation 2018 Variation August
1 2 Maruti Dzire 188.078 21.990 48,7% -28,9%
2 1 Maruti Alto 151.214 22.237 -11,0% 3,3%
3 4 Maruti Swift 150.206 19.115 26,2% 51,3%
4 3 Maruti Baleno 143.164 17.713 27,7% 3,0%
5 5 Maruti Wagon R 114.262 13.658 0,9% -1,8%
6 7 Maruti Vitara 101.164 13.271 12,4% -7,8%
7 8 Hyundai i20 92.939 11.475 1,6% -3,0%
8 6 Hyundai Grand i10 90.503 11.489 -9,5% -6,6%
9 9 Hyundai Creta 80.895 10.394 12,9% 2,3%
10 10 Maruti Celerio 65.118 9.503 -6,0% 3,2%
11 15 Tata Tiago 62.853 9.277 45,7% 31,9%
12 13 Mahindra Bolero 60.782 6.030 12,5% -3,0%
13 12 Maruti Omni 58.124 7.117 -0,2% -7,9%
14 14 Toyota Innova 47.344 1.047 0,8% -82,4%
15 11 Renault Kwid 44.000 5.541 -29,6% -29,0%
16 26 Honda Amaze 43.201 9.644 110,6% 400,2%
17 22 Ford Ecosport 39.228 4.435 20,3% -0,2%
18 16 Maruti Ertiga 37.578 3.515 -23,2% -42,1%
19 19 Hyundai Eon 36.366 3.916 -7,5% -3,5%
20 47 Tata Nexon 34.997 4.499
21 20 Mahindra Scorpio 34.923 3.606 -1,4% -17,8%
22 21 Maruti Ignis 33.804 3.043 -5,7% -24,8%
23 18 Maruti Ciaz 32.049 7.002 -30,1% 8,4%
24 32 Hyundai Verna 31.244 3.361 230,8% -29,7%
25 23 Hyundai Xcent 30.010 4.981 4,0% 43,7%
26 30 Maruti S-Cross 29.611 914 104,2% 1804,2%
27 17 Honda City 29.043 2.790 -34,8% -49,6%
28 24 Honda WR-V 25.950 2.822 5,6% -45,7%
29 33 Toyota Fortuner 20.450 6.680 26,7% 215,7%
30 36 Tata Tigor 20.361 1.646 33,7% -21,7%

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