Review of automotive production in India
- Indian automobile production (PC+LCV), after continuous growth between 2005 and 2018, gradually increasing from 1.6 million vehicles to 5.0 million, experienced a drop in 2020 due to the Covid crisis, thus falling to 3.4 million units. The year 2021 allowed a relaunch of production, which passed the bar of 4 million units.
- The first five months of 2022 indicate that we will pass the 5 million units mark this year, thus posting a new record. This good performance in 2022 demonstrates that Indian automobile production is not at all affected either by the shortage of semiconductors observed in other regions of the world or by the shortage of component supplies linked to the war in Ukraine or by rising commodity prices.
- India is taking advantage of its "splendid isolation" in terms of car production focused on rustic and low-end vehicles to hold its own in a general environment very unfavorable to the acquisition of new cars.
- Of the 18 automakers operating in India, which are growing the most in 2022?
National brands are progressing strongly: Maruti-Suzuki (+11%), Tata Motors (+35%), Mahindra (+50%), while foreign brands are progressing less strongly, such as Toyota (+2%), MG (+3 %), Honda (+4%), Volkswagen (+27%), Kia (+29%) or even lost sales, such as Hyundai (-4%), Renault (-8%) or Nissan (-12%). Some have even ceased production, such as Ford or Datsun, which took the same path as GM a few years ago.
National brands are progressing strongly: Maruti-Suzuki (+11%), Tata Motors (+35%), Mahindra (+50%), while foreign brands are progressing less strongly, such as Toyota (+2%), MG (+3 %), Honda (+4%), Volkswagen (+27%), Kia (+29%) or even lost sales, such as Hyundai (-4%), Renault (-8%) or Nissan (-12%). Some have even ceased production, such as Ford or Datsun, which took the same path as GM a few years ago.
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