Maruti Suzuki started off the New Year on a positive note, reporting increased sales after months of de-growth.
Maruti Suzuki posted total sales of 1,39,844 units in January 2020 up 0.3 percent as compared to sales of 1,39,440 units in January 2019. The company continued its lead in the market with 53.3 percent market share, up from 50.3 percent in January 2019. It was in the mini and compact segment that the company noted a significant increase in sales in the past month, though sales dipped in the mid size and utility vehicle segments.
Hyundai Cars India was in a second spot with 42,002 units sold in January 2020, down 8 percent as against 45,803 units sold in January 2019. Market share continued at more or less the same level at 16 percent down 0.5 percent as compared to 16.5 percent in January 2019.
At the No. 3 spot on the list of best selling automakers in the country was Mahindra. The company reported sales of 19,555 units, down 13 percent as compared to 22,399 units sold in the same month of the previous year.
Kia Motors, the newcomer in the Indian passenger vehicle arena was at No. 4 with a total of 15,450 units sold marking their highest monthly sales. Having launched the Kia Seltos in August last year, the company has now announced its upcoming premium MPV – Carnival.
At No. 5 on the list was Tata Motors with a 22 percent dip in sales. Total sales in January 2020 stood at 12,893 units down from 17,826 units sold in the same month of the previous year. Market share also fell 1.1 percent from 6.4 percent in January 2019 to 5.3 percent in the past month. January 2020 saw the company introduce five new cars which include the Tiago, Nexon and Tigor facelifts along with the completely new Altroz hatchback and Nexon eSUV.
Renault India noted a 34 percent increase in sales in January 2020 to 7,805 units up from 5,825 units sold in the same month of the previous year. Market share also increased 0.9 percent to 3 percent. Renault India has a total of 12 cars and 2 engines which will go on display at the 2020 Auto Expo while the Renault pavilion will also have an exclusive Electric Corner to show off the company’s focus on Future Mobility.
Toyota Kirloskar Motors at No. 7 saw a 48 percent decline in sales in the past month. 5,804 units were sold in January 2020 as against 11,221 units sold in January 2019. Market share also dipped from 4.1 percent which the company commanded in January 2019 to a present 2.2 percent.
Automakers such as Honda, Ford, Nissan, VW and Fiat all ended the past month on a negative note though Skoda posted a 9 percent increase in sales to 1,347 units up from 1,232 units sold in January 2019.
MG Motors total sales stood at 3,130 units with a 1.2 percent market share. The MG Hector has noted outstanding demand in the country with the new Gloster poised for launch on 5th February at the 2020 Auto Expo. The company however expects some disruption in its supply chain due to the Corona virus but is working towards lessening the impact on demand and supply.