India May. Sales boomed 19% projecting the market as third in the World

Indian Autos Market Mercedes-Benz-G63_AMG-2019

Indian Autos Market boomed 19.4% in May following the already positive start of the year and running towards the third place at global level, overtaking Germany. Strong recovery scored by Honda and Toyota reducing the annual lost.

Indian economic recovery that took hold in Q3 of FY 2017, the last quarter for which GDP data is available, appears to have continued through early FY 2018, which began in April. Business activity in the manufacturing and service sectors increased in April compared to the previous month, after also registering gains in Q4 of FY 2017. Stronger demand led to increased orders for companies in both sectors, helping to drive the improvement.  FY 2018 economic growth is projected at 7.3% the highest speed among the Top 20 global economies. In FY 2019, panelists forecast a GDP expansion of 7.4%

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%

 Sales 2012Sales 2013Sales 2014Sales 2015Sales 2016Sales 2017Sales 2018 e
Car2.669.4042.471.1472.556.4322.773.6802.964.2643.223.4293.359.708

 2012 Var2013 Var2014 Var2015 Var2016 Var2017 Var2018 var e
Car9,8%-7,4%3,5%8,5%6,9%8,7%4,2%

The start of the 2018 has been quite positive for the car passenger’s segment, with January sales at 284.357 (+7.3%), February at 263.081 (+3.3%) and March at 297.791 (+5.7%) ending the Q1 with 845.218 (+5.5%). In April sales have been 297.459 (+7.0%) and in May 300.353 (+19.4%) with Year to Date figures at 1.444.300 (+8.4%).

At brand-wise, so far in the year Maruti improved 13.9% with 747.000 sales and 51.8% of market share.

Hyundai was second with 229.765 sales (+6.4%) ahead of Mahindra & Mahindra with 105.202 (+7.6%), Tata with 92.816 (+44.4%), Honda with 65.283 (-12.8%) and in Strong recovery in May (+40%), Toyota with 52.205 (-12.3%), Ford with 44.004 (+11.7%), Renault with 36.061 (-28.4%), Datsun with 16.630 (+0.1%) and in 10th place Volkswagen with 16.567 (-16.0%).

At model wise, the leader was Maruti Dzire with 115.976 sales (+68.8%) followed by the Maruti Swift with 92.927 (+12.3%) and the Maruti Baleno with 89.641 (+34.4%).

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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 2018Rank 2017BrandSales 2018Sales MayVariation 2018Variation MayShare 2018Share May
11Maruti747.938161.49713,9%24,0%51,8%53,7%
22Hyundai229.76545.0086,4%7,1%15,9%15,0%
33Mahindra105.20218.8277,6%0,5%7,3%6,3%
45Tata92.81617.48944,4%61,1%6,4%5,8%
54Honda65.28315.864-12,8%40,7%4,5%5,3%
66Toyota52.20513.113-12,3%20,1%3,6%4,4%
78Ford44.0049.06911,7%34,5%3,0%3,0%
87Renault36.0616.732-28,4%-22,1%2,5%2,2%
910Datsun16.6302.8850,1%13,4%1,2%1,0%
109Volkswagen16.5673.108-16,0%-3,8%1,1%1,0%
1113Jeep9.6451.5180,7%0,5%
1211Skoda6.8911.4205,1%33,5%0,5%0,5%
1312Mercedes6.6651.30014,5%-3,8%0,5%0,4%
1414Nissan4.331684-25,0%-41,2%0,3%0,2%
1515BMW4.30590017,7%22,4%0,3%0,3%
1616Audi3.155600-16,8%-20,9%0,2%0,2%
1719Land Rover1.34627034,6%35,0%0,1%0,1%
1821Volvo816165
1920Fiat23649
2025Porsche22540
2126Mini17535
2231SsangYong67
2318Force5010
2431Hindustan22

Rank 2018Rank 2017GroupSales 2018Sales MayVariation 2018Variation MayShare 2018Share May
11Suzuki747.938161.49713,9%24,0%51,8%53,7%
22Hyundai-Kia229.76545.0086,4%7,1%15,9%15,0%
33Mahindra Group105.26918.8277,7%0,5%7,3%6,3%
45Tata94.16217.75943,4%59,3%6,5%5,9%
54Honda M.C.65.28315.864-12,8%40,7%4,5%5,3%
66Renault Nissan Alliance57.02210.301-21,9%-16,7%3,9%3,4%
77Toyota M.C.52.20513.113-12,3%20,1%3,6%4,4%
88Ford M.C.44.0049.06911,7%34,5%3,0%3,0%
99Volkswagen Group26.8385.168-11,5%1,4%1,9%1,7%
1010F.C.A.9.8811.567519,9%358,2%0,7%0,5%

Rank 2018Rank 2017MODELSales 2018Sales MayVariation 2018Variation May
12Maruti Dzire115.97624.36568,6%158,8%
24Maruti Swift92.92719.20812,3%16,2%
33Maruti Baleno89.64119.39834,4%32,6%
41Maruti Alto87.53621.890-18,6%-7,3%
55Maruti Wagon R74.95415.9743,5%3,3%
67Maruti Vitara62.99915.62921,0%26,3%
78Hyundai i2059.38010.6643,1%0,0%
86Hyundai Grand i1057.89610.939-8,7%-15,8%
99Hyundai Creta48.96711.00410,0%31,4%
1013Mahindra Bolero41.9648.12620,2%18,9%
1110Maruti Celerio41.66910.160-2,1%65,4%
1215Tata Tiago37.2407.06052,6%44,1%
1312Maruti Omni36.2218.861-2,4%29,6%
1414Toyota Innova33.2336.0718,8%7,6%
1511Renault Kwid28.5055.196-31,8%-25,7%
1622Ford Ecosport26.7465.00330,6%40,3%
1716Maruti Ertiga24.9884.872-18,1%-31,6%
1819Hyundai Eon24.4344.609-9,5%-13,5%
1920Mahindra Scorpio24.1183.7753,2%-20,2%
2018Maruti Ciaz23.4204.024-19,5%-14,8%
2121Maruti Ignis22.8504.132-5,8%-8,5%
2247Tata Nexon22.5104.308
2332Hyundai Verna20.6313.801440,1%575,1%
2430Maruti S-Cross19.2614.61070,0%105,0%
2517Honda City18.6622.763-35,5%-31,7%
2624Honda WR-V16.9591.96265,8%-30,3%
2723Hyundai Xcent16.7163.673-5,7%-3,4%
2826Honda Amaze14.2749.789-1,4%639,9%
2936Tata Tigor13.7723.07153,1%31,0%
3027Mahindra TUV30012.4831.9398,3%-17,2%

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