The Indian passenger car business has lastly surpassed the three-million-units gross sales mark, for the primary time ever. In accordance with the Society of Indian Vehicle Producers (SIAM), passenger car gross sales rose 9.23 p.c from the earlier yr to 30,46,727 models within the yr ended March 31, 2017, thereby registering its greatest efficiency in 5 years. Whereas the expansion momentum was robust within the first six months, gross sales have been hit within the second half as a result of demonetisation train. The passenger car house was hit for a quick interval however regained normalcy by January 2017.
The general passenger car business (passenger vehicles, utility autos and vans) achieved the 3-million milestone on the again of latest launches in addition to sharp development in SUV gross sales at 7,61,997 models (up 29.91 p.c year-on-year), what with demand for compact SUVs going by the roof. Demand for vans, although, was muted with gross sales of 181,734 models ( up 2.37 p.c). The passenger automobile phase offered a complete of 21,02,996 models (up 3.85 p.c).
Maruti Suzuki, the nation’s main carmaker, is striding confidently in direction of its focused 2 million gross sales in 2020. In 2016-17, the carmaker crossed the 1.5 million gross sales landmark for the primary time ever. In March 2017, the corporate offered a complete of 1,39,763 models, comprising 1,27,999 models within the home market (up 7.40 p.c). With this, it has ended 2016-17 with its highest ever complete gross sales of 15,68,603 models, a development of 9.Eight p.c and contains its highest ever home gross sales of 14,44,541 models.
The place Maruti is stretching the lead versus its rivals is within the utility car phase, because of surging gross sales of the Vitara Brezza. Its complete utility car gross sales rose 31.Eight p.c year-on-year to 18,311 models (March 2016: 13,894). Utility car gross sales, which have doubled up to now yr, have given Maruti the increase in its fiscal numbers. In FY’17 (April-March), on account of big client demand for the Vitara Brezza – Maruti’s first compact SUV – and in addition the Ertiga MPV, utility car gross sales jumped 107 p.c to 1,95,741 models (2015-16: 94,416).
The compact vehicles (Swift, Ritz, Celerio, Ignis, Baleno, Dzire) have been the most important contributors to home gross sales at 5,84,850 models, up 7.9 p.c yr on yr. The Baleno, which has crossed 1,50,000 gross sales within the home market, clearly is the star performer on this lot.
The premium Ciaz sedan was additionally a robust performer within the fiscal, going dwelling to 64,448 patrons, up 18.Eight p.c. The Ciaz, just like the Baleno, additionally crossed the 1,50,000 gross sales landmark final month. What’s worrying for Maruti is that the Alto and the Wagon R are seeing tepid demand. The 2 vehicles noticed gross sales of 4,13,981 models, down 4.Four p.c (2015-16: 4,32,977).
Hyundai, which crossed the milestone of half million gross sales for the primary time in a fiscal, offered 44,757 models in March, up 8.6 p.c on-year (March 2016: 41,201). For 2016-17, it offered a complete of 5,09,707, recording a development of 5.2 p.c (2015-16: 4,84,324).
Mahindra & Mahindra, which offered 25,352 passenger autos in March 2017, down six p.c on-year (March 2016: 26,885), offered a complete of two,36,130 models in 2016-17, to report zero or flat development (2015-16: 2,36,307). Rajan Wadhera, president, automotive sector, M&M, mentioned, “Nevertheless, the auto business continues to see combined reactions as a consequence of a number of exterior challenges and the newer one being the surprising verdict on the sale of BS-III autos that has derailed many deliberate operations. Going ahead, elements such because the probably softening of rates of interest, revision in gas costs, GST implementation and the Union Price range’s concentrate on rural are anticipated to carry again demand.”
Honda reported home gross sales of 18,950 models in March 2017, a year-on-year development of 8.7 p.c (March 2016: 17,430). New fashions just like the 2017 Metropolis sedan and the WR-V crossover have been main contributors to total gross sales. Whereas the Metropolis with 6,271 models was the most important vendor, the WR-V with 3,833 models was the subsequent greatest.
Nevertheless, the carmaker wants its gross sales to develop sooner. Whereas the March 2017 gross sales present an uptick, total FY’17 gross sales of 1,57,313 models are down 22 p.c on 2015-16 gross sales of 1,92,059 models.
Tata Motors, which is driving a brand new wave of demand for its passenger autos, offered 15,433 models within the home market in March 2017, a development of 84 p.c over March 2016. The corporate says that is as a result of continued robust demand for the Tiago hatchback. It has additionally acquired an encouraging buyer response for its lately launched Hexa SUV and the Tigor. Cumulative gross sales for the fiscal have been 1,53,151 models, a development of 22 p.c (2015-16: 1,25,946).
Toyota registered an 81 p.c year-on-year development to 13,796 models (March 2016: 7,637 models). The corporate mentioned that it has posted a 12 p.c development in gross sales in FY’17 on the again of overwhelming response to the Innova Crysta. In simply lower than a yr, the Crysta has offered near 75,000 models in India. The Camry Hybrid too has been seeing rising gross sales, reinforcing buyer acceptance in direction of hybrid expertise. Within the April 2016-February 2017 interval, the Camry Hybrid has offered 1,146 models.
Ford India offered 8,700 models within the home market in March, up 15.07 p.c year-on-year (March 2016: 7,560). For the fiscal yr, it recorded complete gross sales to the tune of 91,405 models, up 14.33 p.c (2015-16: 79,944).
Nissan Motor India offered a complete of 5,309 autos in March 2017, a rise of 21 p.c over March 2016. The corporate additionally introduced complete home gross sales of 57,315 models in FY’17, registering a development of 45 p.c over the earlier monetary yr, and the highest-ever quantity achieved by the corporate in India. In accordance with firm president Guillaume Sicard, the carmaker plans to launch eight new merchandise in India by 2021 with an purpose to attain 5 p.c market share. It presently has a market share of 1.9 p.c inside the nation’s passenger autos phase.