India (SIAM): November car sales: positive for 4 consecutive months
Bengaluru
December 24, 2020
Indian Automobile Manufacturers Association (SIAM):
On December 11, the Indian Automobile Manufacturers Association released November automobile statistics (shipment basis).
Passenger car sales [including UV and vans]:
Due to the Hindu Diwali (Torch Festival), it increased by 4.6% from the same month of the previous year to 264,898 units, showing positive growth for 4 consecutive months. General passenger cars decreased by 2.8% to 149,949 units, a minus.
UV increased 17.2% to 103,525 units,
Vans increased 8.2% to 11,424 units,
Each remained strong.
By manufacturer: (See Appendix Table 2)
Six of the 12 major manufacturers recorded positive growth.
Maruti Suzuki, which ranked first, fell 2.4% year-on-year to 135,775 units, the first negative figure in five months.
Hyundai Motor, which is in second place, has continued to grow steadily, rising 9.4% to 48,800 units.
Kia Motors showed the highest growth rate with an increase of 50.1%.
Mahindra & Mahindra up 24.5%,
Honda increased by 56.1%,
Each showed high growth.
Vehicle type:
Small SUVs and entry-level compact cars continue to drive demand.
Suzuki:
“Alto” “Espresso” “Wagon R” “Swift” “Celerio” “Ignis” “Vitara Brezza”,
Hyundai:
“I20” “Venue” “Crete”,
Kia:
New models “Sonnet” and “Seltos” etc.
The above models continue to support passenger car sales.
-JETRO
https://www.jetro.go.jp/biznews/2020/12/aeb20bcb013f8445.html