Production achievements (PC+UV): India 10 months 2016 and forecast 2017
- Nearly 80% of car production in India is sold in India each year. The level of the Indian market has therefore a very great impact on the volume of local production.
The Indian market grew significantly in 2015 (+ 7.8%) and in 2016 (+ 7.9%).
For 2017, Inovev expects a 7.5% growth of the Indian market.
The Indian market grew significantly in 2015 (+ 7.8%) and in 2016 (+ 7.9%).
For 2017, Inovev expects a 7.5% growth of the Indian market.
- Taking into account this parameter and exports, which account for 20% of local production, Inovev expects Indian production to grow in 2017 close to that of 2016. It will reach and then exceed for the first time the 4.5 million Units, making India the fifth largest producer in the world, behind China, European Union, the United States, Japan, and ahead of South Korea and Mexico.
- In the first 10 months of 2016, Indian car production increased by 9%. It marks a progress over 2015, since it had increased by 6% last year. For 2017, Inovev forecasts a nearly 9% increase in Indian production, thanks to the good performance of the Indian market and that of exports (notably Suzuki Celerio, Baleno, Ignis).
- As for carmakers, automobile production is and will remain dominated by Suzuki (Maruti), which accounts for one third of local production. The Hyundai-Kia, Tata and Mahindra groups will maintain their share, but Renault-Nissan could finally reach the 10% of Indian production, according to its objectives, thanks to the confirmed success of the Renault Kwid and Datsun Go.
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