India's PC + LUV market grew by 9.6% in 2017
- The Indian car market (PC +LUV) increased by 9.6% in 2017, with a volume of 4,018,872 units (compared to 3,666,387 in 2016) reflecting an acceleration of growth as the increase in 2016 was no more than 7%. The Indian market is therefore growing much faster than the global market, and higher than the Chinese market, although the Chinese market remains seven times larger. Inovev believes that the Indian market will increase further in 2018, as there are no warning signs of a downturn.
- The manufacturers that made the most progress in the Indian market in 2017 were Tata Motors (+ 16.8%), Suzuki-Maruti (+ 14.9%) and Honda (+ 14.5%) groups. Note that the Renault-Nissan group is the only major manufacturer to decline in this market in 2017 (-10.8%). If this group had continued to progress as in 2015 and 2016, it could perhaps have become the first global manufacturer, in front of the Volkswagen Group.
- The leader of the Indian market remains the Suzuki-Maruti group which occupies 43.3% of the Indian market in 2017, a few tenths of points more than the previous year. Other manufacturers are far behind: Hyundai-Kia occupies 14.3% of the market, ahead of Mahindra (11.8%), Tata (10.2%), Honda (4.8%) and Renault-Nissan (4.5%).
- Imports account for 4.3% of the Indian market in 2017, the same as in 2016.
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