Re: 2019 Indian Car Sales Snapshot Japanese continue to dominate the Indian car market scene, now Chinese invasion has just begun.
- Flash back of the last decade, foreign car brands like Fiat, General Motors stopped selling cars in India
- In the last couple of years, several foreign car brands like Kia Motors, MG Motor have entered the Indian market and have seen initial success
- Global carmakers like Peugeot, FAW Haima, Great Wall Motors are also gearing up to enter the Indian market in the near future.
- Japanese car brands' share grew 8.09% in last one decade Quote:
The Indian car market has been long dominated by the Japanese car brands, including the Maruti Suzuki, Toyota, Honda and Nissan. In the financial year 2009-2010, these four Japanese carmakers sold 996,735 units as combined, accounting for a market share of 51.12 per cent, while in the current fiscal, in the first ten months (April 2019 - January 2020), the Japanese carmakers have sold 14,09,614 units, accounting for 59.21 per cent of the cumulative sales in the passenger vehicle segment of the country.
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The stake in the pie has not increased significantly in the last ten years. Quote:
Homegrown automakers like Tata Motors Mahindra & Mahindra and Force Motors have lost nearly half of the market share in the ongoing fiscal compared to what they had in the FY2010
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Ten years ago, Hyundai was the only South Korean car brand representing in the Indian market. In FY'2010, the market share of the company was 16.15 per cent. Now, with Kia, a subsidiary of the Hyundai entered the Indian market, the total market share for the Korean brands have grown to 20.13 per cent.
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American car brands' share in the Indian market was not great ten years ago, but with General Motors stopped selling Chevrolet branded cars in the country back in 2017, their market stake dropped by more than 50 per cent.
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European car brands' are majorly restricted to the luxury segment in India. Brands like Audi, BMW, Mercedes-Benz, Jaguar & Land Rover and the Swedish Volvo represents complete domination in the luxury space. Apart from that, Volkswagen and Skoda too are there
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In the FY'2010, market share for the European car brands in India was mere 2.80 per cent, while in the current financial year, it has risen to 5.18 per cent with 123,219 units sold cumulatively between April 2019 - January 2020
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Last edited by volkman10 : 20th February 2020 at 09:51.
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