India market report. Full Year 2016. New record

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Indian auto market
Toyota-Yaris_Sedan-2016

India Auto 2016 scene hit the new all time record with light vehicles over 3.5 million units, first time ever, ranking as the global 5th market. Renault staring with a phenomenal score.

Market Outlook

India’s economy gained steam in Q2 FY 2016, but failed to fire on all cylinders. Positive impulses to consumption from a near normal monsoon and public pay hikes drove the pick-up in GDP growth, however, a sharp fall in investment and a muted performance in the external sector prevented growth from hitting market expectations.

The economy’s momentum is likely to have faltered in Q3 FY 2016, hit by the government’s bold demonization program. Cash shortages have been reported and leading indicators suggest they are hitting activity:

Signs of demonization effects had been seen in the domestic vehicles market that in December fell 1.2% at 228.992 units, breaking a winning series started in November 2014 after 25th months of y.o.y. growth.

However the 2016 hit the new all time record for the Indian car passenger’s market, the second in a row.

According to data released by the SIAM, the Society of Indian Automotive Manufacturers, in new vehicles sales had been 2.964.000, up 6.9%.

When considering the LCVs market, preliminary reported at 550.000 units (-7.1%) the total light vehicles domestic sales were just over the 3.5 million units, first time ever.

Indian market in the 2016 ranked 5th globally after China, US, Japan and Germany and ahead of U.K. and France.

Competitive Arena

In a generally positive year for all the players, the 2016 definitively was the year of Renault, boomed 147.5% at over 132.000 sales and advancing in 5th place. The year was negative for Honda, Toyota, Chevrolet, Audi and Fiat.

Maruti sales were very close to 1.4 million while Hyundai hit the milestone of half a million sales.

At model wise, the year was almost dynamic with many new models launched and really well accepted by the public.

However, the top of the list did not changed with the Maruti Alto first with 245.094 sales (-9.9%) ahead of the Maruti Dzire with 202.000 (-14.4%) and the Maruti Wagon R with 173.000 (+1.7%).

Wishing to see the best-selling cars ranking for the top 100 models, just read the dedicated report.

Tables with sales figures

In the tables below we report sales for all Brands, top 10 Manufacturers Group and top 10 Models

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