Leading Passenger Vehicle Manufacturing Countries (2000-2017)

In last 2 decades PV Manufacturing Countries have witnessed major upheaval. With rapid economic growth of world’s most populous Asian Economies, world is different now. Below is comparison of the year 2000 with 2017.

Data Source: OICA

OICA Vehicle Type Definition

  • Passenger Vehicles are motor vehicles with at least four wheels, used for the transport of passengers, and comprising no more than eight seats in addition to the driver’s seat.
  • Commercial Vehicles include light commercial vehicles, heavy trucks, coaches and buses.
  • With above classification, let us put the USA production numbers in perspective. Americans love pick-up, popularly called truck in the USA. They happen to be bestselling vehicles in the USA (like Ford F-150, Chevrolet Silverado, Dodge RAM), however, they are classified as light commercial vehicle (CV) and thus not reflecting in these figures. When it comes to CV, list is little different with the USA standing at pole position just like China in PV. Also, Mexico and Canada, leading exporter of CV to the USA, ranks #3 & #4 respectively. Thailand too is in the same league.

PV Production Market Share – Major Gainers & Losers

  • Till 2000 India was closely matched to China’s production numbers but after that China has witnessed exponential growth compare to India’s modest figures, which today made China the biggest, way ahead of any other country of the world.
  • The USA and France has seen negative growth in the period under consideration, and Japan and Germany has seen almost flat growth in growing global market.
  • Demand form emerging nations has grown and since these countries are having tariff (import duty) and non-tariff entry barrier (ownership through JV, local content requirement etc) in place, has ensured, automakers across globe to start local manufacturing.

Continent-wise PV Production Market Share

Subprime Crisis of USA (2007) followed by Sovereign Debt Crisis of Europe (2010), were the inflection point which dramatically shifted the base of production to Asia.

Crisis made Detroit giants to lose their Global #1 and # 2 ranks and prized assets of Europe were later acquired by Asian companies. In the hindsight, some of those who rushed for podium position to gain most from the misfortune of the American automobile giants were later mired in controversies themselves, like, Toyota (Takata-Airbags-Recall), Volkswagen (Diesel-Emission-Scandal), Nissan (Vehicle-Inspection-Scandal).


  • Fast growing markets of underdeveloped Asian countries of yesteryears have become new production hub; notable countries are China, India, Thailand, Indonesia and Iran.
  • Japan and South Korea are still very competitive and leading exporter.


  • Production base is slowly shifting to low-wage East European Nation.
  • Germany and Spain are still very competitive and leading exporter.

North America

  • North Americas low wage story is similar to East Europe, where production is being shifted to Mexico.
  • NAFTA is under re-negotiation, driven by President Donald Trump, may soon alter these numbers, in future.

Global PV Production Market Share

Global PV Production Ranking

(The article is written by Rohan Rishi. You can connect with him at emailrohanrishi@gmail.com)

Auto Industry Sales Analysis – April 2018

Source: AutocarPro

Segmentwise Sales Bifurcation
  • M&HCVs saw 169.26% growth! The sector has really seen some positive momentum post good monsoons and increase in infrastructure related activities. The growth in the segment is a positive indicator for the overall economy as well.
  • 3-wheelers is faring extremely well. While we thought the segment would slowly fade post the advent of 4-wheeler passenger and load options (Ex: Ace/Maxximo, Magic/Minivan); the segment is gaining strength year on year!
  • Two-wheeler segment too saw a double digit growth owing to good monsoons and growth in upcountry markets. With this, India shall continue to be the World’s Largest Two Wheeler market!
  • Though Passenger Vehicle segment saw a positive 7.5% growth; the industry has been inconsistent over months and apart from Maruti, all other OEMs are struggling to make their presence felt.
OEM-wise Passenger Vehicles Sales Statistics – Apr’18


OEM-wise Two Wheelers Sales Statistics – Apr’18


Commercial Vehicle Sales – OEMwise

Model-wise Ranking (2015-2018)

We are happy to present the Model-wise Best sellers for 2015, 2016, 2017 & 2018. For all years, we have considered Jan-Apr figures for apple to apple comparison (Ex: Jan-Apr 2015 figures are taken here, not the entire year).


  • Maruti Dzire is finally the best-selling car in 2018 (Jan-April period)
  • Maruti has moved up in value chain, now it is selling more ₹ 5 Lakhs+ products (Ignis+Swift+Baleno+Dzire+Ertiga+Ciaz+Scross) than under ₹ 5 Lakhs products (Omni+Alto+Ecco+Wagon R+Celerio)
  • Hyundai is more successful with higher priced volume-generating-products (i20+Creta)
  • Tata is making strong in-road with the new products (Tiago+Nexon), while Mahindra is still banking on old work horse (Bolero+Scorpio)
  • Renault’s wonder kid (Kwid) is in free fall (#7-#12-#16), high time for Renault to arrest the fall

(The article is written by Rohan Rishi. You can connect with him at emailrohanrishi@gmail.com)

Indian Car Sales Figures – April 2018

Let’s look at the modelwise analysis here:

Top 25 selling models of April 2018 –

Top Selling Hatchbacks (entry & mid level) –

Top Selling Premium Hatches –

Top Selling Compact Sedans –

Top Selling Sedans –

Top Selling Compact SUVs –

Top Selling MUVs –

April 2018 Car Sales – Snapshot

The industry grew an impressive 7.3% and Maruti crossed the 55% Market Share figure as well! Hyundai’s performance was below to that of the Industry’s and needs new launches to match up Maruti’s growth levels. Tata’s numbers has been spectacular and the Indian OEM is on a dream run. Honda sees a steep decline owing to Zero Wholesales of Amaze (the next gen launch is slated in May’18). Renault, Nissan, VW & Ford struggle to improve.

Indian Auto Industry Performance – FY’18


  • Passenger Vehicles Domestic Sales was at All Time High at ~33 Lakh units in FY18!
  • Two Wheeler sales touched a milestone >2 crore units!
  • Highest Exports of Two Wheelers ever in FY18 at >28 Lakh units
  • Three Wheelers post highest ever domestic sales at 6,35,698 units
  • The overall industry grew a healthy 14.2% & even exports grew 16.1%
  • Three Wheelers exports saw the highest growth surge at 40.1%
  • Passenger Vehicles Exports struggled and posted a degrowth of 1.5%

Automobile Export Sales Statistics – India

Indian Government has been consistently harping on ‘Make in India’ initiatives and the sub-continent has also been an important export hub for several Automobile OEMs. The low cost of operations have been one of the most significant advantage for OEMs to set up their manufacturing base in India. Even the nations talent pool has attracted Auto MNCs to establish R&D Centres too!

Source: ET

However, the Export Output Scenario wasn’t rosy in the previous Fiscal. It remained stagnant last FY, owing to a dip in shipments of cars and commercial vehicles. Rather, exports of passenger vehicles from India declined for the first time in a decade, with automakers shifting small-car production out of India and leveraging capacities in the local market to ship out more profitable premium models. Due to this Ford was able to overtake Hyundai as the nations No.1 Exporter! Even Nissan lost over 38% v/s last year and ranked 6 in the list! The reason being the Next-gen Micra is now being manufactured in France & even Hyundai has shifted the manufacturing of the Euro-spec i20 to Turkey.

OEM wise Exports Stats – Passenger Vehicles

Ford has ramped up Sanand plant in Gujarat and has helped it report over 14 per cent YoY growth in PV export volumes. FCA India saw a jump in its export volumes since it is exclusively manufacturing its right-handed Jeep Compass in India for global sales and we expect the trend shall continue in FY19 too. Even though General Motors have left the country, the focus on exports seems to exist and grew a healthy 17.5% in FY18!

To highlight the significance of exports, we have also added the Domestic Sales for reference:

Model-wise Exports Stats – PVs

Two Wheelers:

Export Stats – Two Wheelers

Within the two-wheeler space, TVS and Honda emerged as the biggest gainers in the volume space for exports. Also the biggies like Bajaj Auto and Hero Motocorp posted below industry growths during the FY. At over 1.39 million exports last year Bajaj Auto remained the unchallenged leader in the two-wheeler category, reporting a growth of 14 per cent in exports last year. Yamaha’s export growth beat the growth of every manufacturer recording a rise of 47 per cent in volumes.

The increasing demand for premium motorcycles from developing countries will aid two-wheelers export growth in coming years. OEMs are increasingly shifting focus to export markets, particularly in the premium motorcycle segment. Two-wheelers exports volume growth was earlier largely seen in the mid-segment of 110-125cc, which grew 50 per cent YoY in FY18 and its share in overall exports volume increased to 15 per cent from 12 per cent in FY17.

To highlight the significance of exports, we have also added the Domestic Sales figures for reference:

Modelwise Two Wheeler Exports Stats