The Indian automotive industry is expected to continue growing in India through 2018. The country has the world's second-largest population at 1.2 billion people and has achieved monthly vehicle sales increases in year-on-year terms through H1 2018.
According to a report released in December 2017, the Society of Indian Automobile Manufacturers (SIAM) predicts that around 40% of new vehicle sales will be electric vehicles by 2030.
According to SIAM data, Indian new vehicle sales in June were 354,383, higher compared to a much lower figure of 255,926 the previous year that resulted from consumers delaying purchases due to the anticipation of the new Goods and Services Tax (GST).
For June, passenger cars accounted for 273,759 (77 percent) while commercial vehicles accounted for 80,624 (23 percent). June vehicle sales by make excluding export sales are Maruti Suzuki (135,662), Tata (56,773), Hyundai (45,371), Mahindra & Mahindra (35,262), Toyota (13,088), and Ford (8,444), for a total of 294,600 units.
For H1 2018, Indian vehicle sales were 2,247,242, up 18.3 percent compared to 1,899,371 in the same period the previous year.
|
India, new vehicle sales |
2018 |
2017 |
Change y-on-y |
|
January |
371,137 |
326,694 |
+13.6 percent |
|
February |
363,106 |
322,407 |
+12.6 percent |
|
March |
409,403 |
369,956 |
+10.7 percent |
|
April |
371,497 |
319,167 |
+16.4 percent |
|
May |
377,716 |
305,221 |
+23.8 percent |
|
June |
354,383 |
255,926 |
+38.5 percent |