Insight of the Indian market over the 10 months 2013
- India is the third largest car market in Asia (behind China and Japan), with nearly 2.17 million vehicles (cars + LUVs ) sold in the first 10 months of 2013.
- In a particularly dynamic continent (thanks to China, Korea and the ASEAN countries ), the Indian market yet experienced a decline in registrations compared to 2012 (-7.4 %).This market suffers from cumulative effects of a slowing economy, high interest rates that plague consumption, but also competition from two and three wheels.
- In a country with rising urbanization with megacities, the car market is dominated at 80% by the small city car segment: 61 % of the market is segment A and 19% segment B.
- It is therefore natural to see the market being dominated by specialist manufacturers of small cars such as Maruti Suzuki - (41.2 % market share), Hyundai (14.7 % market share), Mahindra (10.7 % market share) and Tata (9 % market share).
- The analysis by body type highlights the predominance of sedan bodies (71% of bodies), followed by MPV (20%, typical of developing countries) and SUV (8%, two times less than in China or Europe).
- As for models, Maruti Suzuki monopolize the top four places and display eight cars in the top 20.
