Indian market fell 22.1% in the first quarter of 2020

The Indian passenger car market was down 51.0% in March 2020 from March 2019, as India was hit by the coronavirus crisis arriving later than China.


Over the 3-month cumulative period of 2020, the Indian market therefore fell by 22.1%, the worst result recorded for several years.


Experts expect a slight improvement for April, which should register a volume of around 200,000 units.


The manufacturers most affected in the first quarter of 2020 were Groupe FCA (-100%), Groupe VW (-64.0%), Honda (-59.7%), Mahindra (-51.6%), Ford (- 51.1%), Renault-Nissan (-46.3%), Tata Motors (-34.1%) and Hyundai-Kia (-30.0%).


Manufacturers Toyota and Suzuki limited the drop in sales to -20.3% and -11.8% respectively, which means that these two manufacturers increased their market share in the first quarter of 2020 compared to the first quarter of 2019 .


However, Suzuki traditionally holds more than half of the Indian market. In 2020, its market share reached two thirds of the Indian market, which is a record market share for this manufacturer.


As if the clientele had massively gone for the purchase of vehicles belonging to the market leader, which gives a spectacular result, because the Indian market has never been so concentrated since the 1970s.

 


20-9-5
    
 

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