India 2017. Car sales hit the third record in a row

Indian Vehicles Market 2017 Suzuki-Swift-2018

Indian Vehicles Market hit in 2017 the third all time record in a row, with over 3.3 million cars sold. Favorite by the new automotive policy, Maruti ended near 50% of market share while all Premium brands are gaining terrain, albeit new luxury tax effect.

Indian economic recovery is gradually taking hold following a lackluster performance in Q1 FY 2017. The economy grew at a faster 6.3% in year-on-year terms in Q2 FY 2017—which runs from July to September—with the effects of demonetization and the implementation of the Goods and Services Tax (GST) gradually dissipating. Although the fourth quarter got off to a weaker start, with seasonal effects dragging on economic activity in October, stronger data for November, including auto sales and the manufacturing PMI, suggests that the economy remains on a recovery path.

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, with 2016 at 2.9 million car passengers sold.

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 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 year ended with the new record level, at 3.223.429 sales, first time above the 3 million, up 8.7%

  Sales 2012 Sales 2013 Sales 2014 Sales 2015 Sales 2016 Sales 2017 Sales 2018 e
Car 2.669.404 2.471.147 2.556.432 2.773.680 2.964.264 3.223.429 3.359.708

  2012 Var 2013 Var 2014 Var 2015 Var 2016 Var 2017 Var 2018 var e
Car 9,8% -7,4% 3,5% 8,5% 6,9% 8,7% 4,2%

2018 outlook is still favorable and the limit of the growth is represented by the inadequate infrastructures of the country and by the huge pollution, in absence of any real strategy to limit it.

At brand-wise, Maruti was clearly favorite by new rules and ended the year with a record of 1.6 million sales (+14.9%) and 49.7% of market share.

Hyundai was second with 527.000 sales (+5.4%) ahead of Mahindra & Mahindra with 222.000 units (-1.2%), Honda with 179.000 units (+14.7%), Tata with 169.000 (+18.8%), Toyota with 139.000 (+4.0%), Renault with 112.000 (-14.9%), Ford with 87.588 (+1.2%), Volkswagen with 48.086 (+1.6%) and in 10th place Datsun with 40.445 (+6.4%).

At model wise, the leader was Maruti Alto with 257.000 sales year to date (+5.2%) followed by the Maruti Swift Dzire with 225.000 (+11.4%) and the Maruti Baleno with 175.000 (+63.6%).

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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 2022. 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 2017 Ran Dec Brand Sales 2017 Sales Dec Variation 2017 Variation Dec Share 2017 Share Dec
1 1 Maruti 1.602.522 118.560 14,9% 11,4% 49,7% 49,7%
2 2 Hyundai 527.320 40.158 5,4% 0,3% 16,4% 16,8%
3 3 Mahindra 222.168 14.237 -1,2% -9,4% 6,9% 6,0%
4 5 Honda 179.071 12.642 14,7% 25,5% 5,6% 5,3%
5 4 Tata 169.845 14.180 18,8% 30,7% 5,3% 5,9%
6 6 Toyota 139.566 10.793 4,0% -15,3% 4,3% 4,5%
7 7 Renault 112.489 8.763 -14,9% -22,1% 3,5% 3,7%
8 8 Ford 87.588 5.087 1,2% -8,6% 2,7% 2,1%
9 9 Volkswagen 48.086 3.335 1,6% -23,3% 1,5% 1,4%
10 10 Datsun 40.445 2.776 6,4% -2,6% 1,3% 1,2%
11 12 Skoda 17.438 1.743 30,4% 67,1% 0,5% 0,7%
12 13 Mercedes 15.330 901 15,9% -25,8% 0,5% 0,4%
13 11 Jeep 13.139 2.750 0,4% 1,2%
14 14 Nissan 12.944 881 -12,1% -25,3% 0,4% 0,4%
15 15 BMW 9.379 752 25,1% 3,0% 0,3% 0,3%
16 16 Audi 7.876 434 -22,3% -40,3% 0,2% 0,2%
17 Chevrolet 7.434 -74,3% -100,0% 0,2% 0,0%
18 18 Land Rover 2.717 230 -5,0% 9,5% 0,1% 0,1%
19 20 Fiat 2.698 68 -59,0% -82,6% 0,1% 0,0%
20 17 Volvo 2.029 242 31,1% 120,0% 0,1% 0,1%
21 19 Jaguar 1.237 116 21,0% 65,7%
22 21 Premier 491 40 -41,5% -42,9%
23 23 Mitsubishi 462 13 -49,6% -83,8%
24 22 Porsche 435 21 8,5% -41,7%
25 21 Mini 421 40 16,6% 29,0%
26 24 Force 98 6 -96,3% -94,5%
27 25 Rolls-Royce 61 2 -27,4% -71,4%
28 26 Bentley 51 1 -47,4% -87,5%
29 Maserati 44 -47,6% -100,0%
30 26 Lamborghini 34 1 0,0% -66,7%
31 26 Aston Martin 11 1 0,0% 0,0%
Rank 2017 Ran Dec Group Sales 2017 Sales Dec Variation 2017 Variation Dec Share 2017 Share Dec
1 1 Suzuki 1.602.522 118.560 14,9% 11,4% 49,7% 49,7%
2 2 Hyundai-Kia 527.320 40.158 5,4% 0,3% 16,4% 16,8%
3 4 Mahindra Group 222.168 14.237 -1,4% -9,4% 6,9% 6,0%
4 5 Honda M.C. 179.071 12.642 14,7% 25,5% 5,6% 5,3%
5 3 Tata 173.799 14.526 18,4% 30,6% 5,4% 6,1%
6 6 Renault Nissan Alliance 166.340 12.433 -10,5% -19,0% 5,2% 5,2%
7 7 Toyota M.C. 139.566 10.793 4,0% -15,3% 4,3% 4,5%
8 9 Ford M.C. 87.588 5.087 1,2% -8,6% 2,7% 2,1%
9 8 Volkswagen Group 73.920 5.535 3,6% -10,2% 2,3% 2,3%
10 10 F.C.A. 15.881 2.818 138,2% 609,8% 0,5% 1,2%
Rank 2017 Rank Dec Model Sales 2017 Sales Dec Variation 2017 Variation Dec
1 2 Maruti Alto 257.732 20.346 5,2% 17,3%
2 1 Maruti Dzire 225.043 21.145 11,4% 44,4%
3 3 Maruti Baleno 175.209 14.551 63,6% 53,4%
4 8 Maruti Swift 167.371 9.793 -0,7% -32,6%
5 5 Maruti Wagon R 166.815 11.800 -3,7% -16,8%
6 4 Hyundai Grand i10 154.747 12.955 13,6% 23,2%
7 6 Maruti Vitara 140.945 11.540 65,5% 28,6%
8 7 Hyundai i20 134.103 9.847 9,5% -8,7%
9 10 Hyundai Creta 105.484 6.755 13,5% 2,9%
10 11 Maruti Celerio 100.860 6.161 11,5% -14,3%
11 9 Renault Kwid 92.440 6.953 -12,6% -21,0%
12 13 Maruti Omni 84.269 5.678 2,3% 17,4%
13 15 Mahindra Bolero 81.494 5.529 20,9% -6,7%
14 12 Toyota Innova 72.349 5.947 0,7% 16,9%
15 16 Tata Tiago 71.111 5.242 69,6% 30,6%
16 18 Maruti Ertiga 68.354 4.288 7,1% -20,4%
17 17 Honda City 62.573 4.365 8,6% 50,6%
18 24 Maruti Ciaz 61.967 2.382 -2,0% -35,8%
19 14 Hyundai Eon 61.627 5.672 3,4% -16,5%
20 20 Mahindra Scorpio 52.103 3.333 10,3% -6,3%
21 32 Maruti Ignis 48.285 1.686
22 30 Ford Ecosport 45.146 1.733 -1,2% 11,1%
23 23 Hyundai Xcent 41.493 2.706 -16,7% -32,2%
24 19 Honda WR-V 40.124 3.760
25 27 Honda Jazz 29.620 1.891 -15,1% 18,1%
26 37 Honda Amaze 28.314 1.415 -20,0% -57,4%
27 28 Mahindra TUV300 27.724 1.801 -1,4% -0,2%
28 29 Datsun RediGo 27.716 1.757 37,8% -2,9%
29 36 Mahindra XUV 500 26.626 1.419 -6,1% -16,0%
30 21 Maruti S-Cross 26.604 2.847 20,2% 80,0%

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