Following Mahindra Bolero, on the sixth spot was Hyundai’s smallest car on offer in India – Eon. Apart from this, there were new entrants in the top 10 list: Hyundai Grand i10 and Honda Amaze. This shows that the market is ready to accept cars from foreign manufacturers, especially Japanese and Korean. In the top cars list, Honda Amaze took the seventh spot, while Hyundai Grandi i10 took the eighth spot with 77k and 72k units sold respectively.
On the other side of the coin it was noted that US or European cars did not see much demand. Ford EcoSport and Renault Duster together sold less than 50,000 units in the entire year. As far as India’s own Tata Motors, their product failed to make it to the Top 10 list. Indica, Indigo and Nano saw sales decline 29.3%, 27.8% and 60.8% respectively.
Indian auto scenario has not been seeing much promise in the past two years, in the throes of a slowdown due to constraints in economic situation, rising interest rates and escalating fuel prices. Utility vehicles suffered the most during the slowdown with Toyota Innova seeing a 28% decrease in sales while sales of Maruti Ertiga also suffered a 21.7% drop.