Thanks Aditya for the December data:
More on the analysis,
Encouraging sales as the auto industry records growth in 5 months in succession. After a 19.6% YoY growth in Aug, 31.14% growth in Sep’20, 17.5% growth in Oct’20 and 8.8% growth in Nov’20 – the industry has registered almost 18% YoY growth in Dec’20. Though the Dec (2019) should not be forgotten as low base at the backdrop of the BS VI transition.
On a positive note most segments now have a waiting period of ~ 2- 9 months as demand outstrips supply.
Highlights of Dec-20 dispatch figures:
- Maruti Suzuki retains > 50% Market Share in Dec’20. However; its Market Share drops by by -1.4% YoY.
- The Top 10 Selling Cars of December 2020 contributed to around 52% cars sold in India. Of which 7 are from Maruti Suzuki and the rest from Hyundai
- 49% of Nissan India’s volumes were contributed from the Magnite.
- Tata Motors continues its dream run and grew a phenomenal 84% YoY
- Kia Motors India volumes saw a 154% YoY increase. But; it was pushed to FIFTH position in the table.
- M&M regained its fourth spot and was a comfortable >4.2k units ahead of Kia.
- Hyundai grew a moderate 25% YoY and held to its Market Share by 1% v/s Last Year.
- MG crossed 4k volumes for second consecutive month! Its YoY growth was a stellar 32.7% and overtook the likes of VW & Ford in Dec’20!
- MG Gloster manages to pip Ford Endeavour in just second month of its launch
Largest segment (volumes) – Compact Hatchback
- Compact Hatchback contributed to 23% of cars sold in Dec.
- Compact SUV segment is now consistently country’s second largest segment. Sold more than the likes of premium hatchbacks/Mid SUVs. It also grew 35% YoY which was one of the highest in Dec’20
- Premium Hatchback segment overtook the Mid SUVs and was the third largest segment and contributed near to 14% of the passenger car sales in India for December 2020.
- Mid SUVs too grew a healthy 18% YoY and ranked fifth in the table. The segment is one of the most sought after by the OEMs as it offers significant volumes and margins both.
- Compact Sedans recorded one of the highest YoY drops and declined -4% YoY.
- There was only 1 Sedan (Dzire) in the Top 10 selling cars.
- 2020 SUV Sales – Hyundai & Kia contribute to 49% of the SUVs sold in India
Top Manufactures for the Month: Maruti Suzuki:
- It was a 15% growth over December 2019 and 4% growth over November 2020!
- Retains top 5 slots in the 10 best sellers for August and holds 7 positions in the top 10.
- Maruti’s Alto becomes the bestselling car for both OEM and the Nation.
- Alto, Swift and Baleno are the trio in the 18k club in terms of sales.( Baleno+ Glanza =20132 )
- Both Dzire & Brezza saw a decline in YoY volumes. Discontinuation of diesel is surely one of the reasons for it.
- Maruti’s undisputed EECO sells 11,215 units.
- Ciaz comes back to be the second best seller in the segment, beats Hyundai’s Verna confortably.
Hyundai:
- Hyundai dispatched 47,400 units in December 2020 and registered a YoY growth of 25% & MoM volumes fell by -3%
- Venue was Hyundai’s best-selling model and India’s No.1 SUV in Dec’20. It registered dispatches of 12,313 units and grew 29% YoY.
- Creta came in second and sold 10,592 units with a YoY increase of 58%.
- The Top 2 selling Hyundai’s were SUVs in December 2020. Hyundai has been able to rapidly enhance its Market Share in SUV space and is getting significant share from the segment.
- Hyundai India also set a new record of highest production in a single month since inception with 71,178 units in December 2020
- Hyundai’s i20 Elite loses out in volumes. Looks like Hyundai’s loss is Tata’s gain (Altroz)
TATA Motors:
- Tata Motors sold 23,546 passenger cars in December 2020 and registered a YoY growth of massive 84% & MoM increase of 9%. It retained the position of India’s 3rd biggest OEM in Dec’20.
- Nexon, Tiago and Altroz sells 6k+ units, with Nexon being TATA’s best seller in Dec.
- Harrier volumes have shot up significantly at 52% YoY.
Topping their respective segments:
Source Data: Auto Punditz