The Indian market for passenger cars 2018 at a glance1. September 2019
India’s largest automobile manufacturer Maruti Suzuki was able to maintain its leading position in 2018. With a market share of just under 50 percent and over 1.64 million vehicles sold, the group further increased its sales figures from the previous year by 13.84 percent. Maruti Suzuki’s good performance in the market has also increased its market share by 3 percentage points. The presence and sales figures were increased both among urban buyers and in the rest of the country. This was due in part to the numerous new models that were well received by customers. In particular, these included the Maruti Suzuki Dzire, the new Swift, the Baleno, which continues to be in high demand, and the Vitara Brezza, which helped the Group achieve renewed growth. In addition, around 120,000 vehicles were exported abroad.
The number two in the Indian automotive market, Hyundai Motor India, the subsidiary of the South Korean group, performed well in 2018. Growth of 5 percent was reported and sales figures of 536,000 vehicles, corresponding to a market share of 16.3 percent. The launch of the new facelift models of the Hyundai Grand i10 and Hyundai i20 together with the premiere of the Verna were the striking successes of the past year. The Hyundai plant in Chennai was very well utilized with the production of the Creta to meet the high demand for this model. Hyundai Motor India also exported 153,00 vehicles, preferably to the Middle East.
The rest of the Indian market is shared by both domestic and international car manufacturers with shares of between eight and three percent. Listed by market share are Mahindra & Mahindra, Tata Motors, Honda Cars India and Toyota. Renault India is the only European to have suffered a 24 percent drop in sales to 10,000 vehicles or a market share of three percent. In the current year, attempts are being made to market the Kwid and the petrol engine version of the Captur better so as not to fall below the threshold of 10,000 units. All in all, the Indian market for passenger cars continued to develop well and promises good opportunities for your company as well. The export of products to India often requires mandatory India certification according to the Automotive Industry Standard (AIS). We will be happy to advise you comprehensively on the AIS/TAC certification for India.
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