Auto production in India close to 5 million units in 2017
- The volume of car production in India (PC+LCV) was almost 5 million vehicles in 2017, at 4.85 million units, which is a volume three times higher than in 2005.
- This steady growth is due not only to the growth of the Indian car market (which went from 1.75 million in 2005 to 4 million units in 2017), but also to the growth of exports (to Europe and Southeast Asia mainly) during this period. Nearly one million vehicles manufactured overall in India were exported in 2017, including 150,000 to Europe.
- By manufacturer, we observe that Suzuki-Maruti has experienced very strong growth since 2005 and consolidates its first place in the Indian market, in terms of sales and production. Suzuki-Maruti accounts for more than 43% of registrations and more than 35% of Indian production. The Tata group, once the second-largest Indian producer behind Suzuki-Maruti, has been experiencing significant difficulties since 2012, with successive new models often being resounding commercial failures, the most symbolic being the Tata Nano. Fortunately Tata survives thanks to its British luxury and utilities subsidiaries. Tata's second position has been taken over by Korea's Hyundai-Kia, which over the years has launched a range of economical models that perfectly match local demand.
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