The Indian market fell by 1.5% in 2021 compared to 2019
- The Indian automobile market (PC+UV) increased by 28% in 2021, after having fallen by 23% in 2020, which means that this market is almost back to the level of 2019 (-1.5%). India registered 3,759,540 vehicles in 2021, compared to 2,937,803 in 2020 and 3,817,000 in 2019. The level reached in 2021 remains however still lower than the level of the years 2017-2018 which had exceeded 4 million units per year. Given India's low motorization rate, despite the large number of vehicles circulating in major cities, the Indian market is expected to continue to grow over the next few years, especially as the rate of vehicle electrification remains extremely low in the country (0.1% of registrations) and thus prevents a sharp increase in the average price of the models offered which would reduce demand.
- By manufacturer, the Suzuki-Maruti group remains largely the Indian market leader in 2021, with 44% of total registrations, which marks a clear improvement compared to 2020 when its share did not exceed 42%.
- Largely behind, since it achieves only half of Suzuki-Maruti's sales, the Hyundai-Kia group (22% market share) manages to sell twice as many vehicles as its pursuer the Tata group (11% market share). Marlet). Mahindra (7%), Renault-Nissan (5%), Toyota (4%), Honda (3%) and Volkswagen (2%) follow.
- The top-selling models in the Indian market in 2021 were the Suzuki Wagon R (164,122 units), Suzuki Swift (159,391 units), Suzuki Baleno (157,783 units) and Suzuki Alto (155,063 units). Suzuki therefore places four of its models in the top four sales.
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