Overview of the Indian market in 2015
- The Indian car market increased by 7.8% in 2015, reaching a volume of 3.42 million vehicles (PC + LCV).
- This growth is the result of an improvement in consumer confidence, lower fuel prices and better interest rates, and the arrival on the market of attractive novelties, like the Renault Kwid and the Suzuki Baleno.
- Manufacturers, however, remain concerned about the continued weakness of demand in rural and semi-urban areas where the income of the population living in these areas declined sharply because of very poor harvests.
- By manufacturer, the Maruti Suzuki-group (37.7% market share, +11.9%) remains the leader in the Indian market, far ahead of the Hyundai-Kia group (13.9% market share, +15.7%). Followed by the Tata group (13.1% market share, +5.7%), Mahindra (11.2% of the market, + 5.0%), Honda (5.9% market share, +12.6%) Toyota (4.1% market share, + 5.3%), Renault-Nissan (2.8% of the market, + 8.0%), Ford (2.3% market share, +1.0%) VW (1.7% market share, -1.6%) and GM (1.1% of the market, -36.5%). The largest increases were to be credited to Hyundai-Kia, Honda and Suzuki.
- The ten best-selling models in the Indian market in 2015 are: The Suzuki Alto (272 096 units), Suzuki Dzire (236 038), Suzuki Swift (206 924), Suzuki Wagon R (170 399), Hyundai i20 (130 126), Hyundai Grand i10 (124 072), Mahindra Bolero (87 861), Suzuki Celerio (82 961), Honda City (82 922) and Suzuki Omni (78 927). Suzuki therefore ranks six models in the top 10. The Suzuki Baleno and RenualtKwid launched in Q4 2015 seduced 24 000 and 18 000 customers respectively. The Tata Nano stagnated at 23 000 units.
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