The Indian market (PC + LUV) fell by 23% in 2020
- India's automotive market of light vehicles (passenger and utility) fell 23% in 2020, to 2,937,803 units from 3,817,000 in 2019, due to the coronavirus crisis, which is a poor result as the world market fell by almost 14%.
- The Indian car market is back to 2010 levels, after uninterrupted growth from 2014 to 2018. India has particularly suffered from the coronavirus crisis, unlike other Asian countries, since the country has hardly registered any vehicles in April and May 2020, due to lockdown and closure of plants.
- By carmaker, the Suzuki-Maruti group remains largely the leader of the Indian market in 2020, with a 42.1% market share, its sales having fallen by 18% last year. Largely behind, the Hyundai-Kia group (19.2% market share) managed to stabilize its sales compared to 2019 (+1.4%). It is the only carmaker to achieve such a performance in India in 2020.
- The Korean is ahead of the Indian group Tata Motors (12.8% market share) which posted a drop of 28.9%, this carmaker having great difficulty in establishing itself in the passenger car market, facing giants like Suzuki-Maruti and Hyundai-Kia. Tata Motors only manages to survive with its utility vehicles, which account for nearly 55% of its sales in India.
- Mahindra sits in fourth place in the Indian market, with 10.1% market share as its sales collapsed in 2020 (-35.2%). Renault-Nissan get 3.1% of the Indian market, far from its 5% targets (the Datsun brand will be deleted), ahead of Toyota (2.6%) and Honda (2.4%). SUVs represent 26% of the Indian market in 2020, compared to 20% in 2019.
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