Indian Car Sales Figures – April 2015

April has been a slow yet positive start for the financial year. The top 5 OEM’s experienced growth in YoY sales and emanates the confidence the industry can offer in coming times. As always even this growth was not an easy affair and the companies had to strive hard to project growth from the lower base they had set for last year. The top gainers and losers for different automobile sectors looked like this:

Source: Business Line

Do note in the above table that M&M regained its 3rd position in the table and even Toyota overtook Honda sales by quite a margin! The brand wise statistics for all OEM’s is as mentioned:

April 2015 Sales Figures – Pan India

Maruti: It is a happy moment for the industry when Maruti crosses 1 Lakh sales figure for any particular month. It automatically states the optimism in the market and instates confidence accordingly. Again the torchbearers for Maruti were the Big 4 – Alto, Swift, Dzire and Wagon R which collectively sold whopping 72,163 units (almost 73% of Maruti Suzuki’s sale!!!). I’m always amused by the numbers brands such as Omni & Eeco garner (it is actually more than the popular Celerio!). I sometimes wonder why there is no competition product for either Omni or Eeco. Celerio is stabilized at 5-5.5k units and we hope the numbers to surge post the launch of Diesel variant this month. Ritz is busy finding takers in taxi segment these days and it’ll be crucial how the overall market responds to the carline. Ciaz is striving hard to ponder near 5k figures and is doing good currently in its attempt.
Hyundai: The Korean Automaker is indeed in Elite form 🙂 Elite i20 is confidently progressing towards matching Swift numbers and marks >12k figures for second time in a row! The capable premium hatchback is turning the fortunes of the Korean major and we are now waiting if the OEM can launch a sedan variant as well. Hyundai is leaving no stone unturned to revive i10 sales has been able to shape up well – grows impressive 24% YoY. Grand i10 performs as expected and adds >8.7k units to overall business. Xcent also touches 4.6k units after a lot of push – and it surpasses Honda’s Amaze sales in Apr’15 (only 2862 units of Amaze sold). The 4s Verna still finds it tough to challenge the 2 C’s (City & Ciaz). Elantra sales move up due to its silent refresh launch.
M&M: Though the Indian SUV major grew by a nimble 1% YoY – it easily overtook the no.3 challenger Honda comfortably. Again the Trimurti were the saviors for the Indian OEM (Bolero, Scorpio & XUV 500 which contributed to Mahindra’s 93% of overall sales!). It is difficult to understand the fate of capable yet somehow incomplete brands such as Verito, Xylo, Vibe & Quanto. Rexton also finds itself in a tough spot month on month and is way behind the segment leader Fortuner.
Toyota: We appreciate the way Toyota has been able to gain volumes for Etios and Liva over the past few months. YoY Liva has grown 83% and Etios by 32% – it has gained profound acceptance in taxi market and has been able to leverage the brand equity gained through its sibling Innova. Etios & Liva twins are bringing significant volumes to Toyota and see the strategy paying well to the Japanese OEM. Fortuner proves to be a dependable workhorse again brings >5k units sale as usual. Camry crosses 100 units for the first time! Corolla numbers were equally impressive as well and is easily the segment leader in Indian market.
Honda: We have been trying to understand the variance Honda offers in its figures every month but are unable to identify. Last 5 months statistics for your reference – Dec’14: 14428 units, Jan’15: 18324 units, Feb’15: 16896 units, Mar’15: 22696 units & Apr’15: 12636 units. Amaze does below 3k units for the second since its launch (only the first month it had done 2552 nos). Mobilio too posts its all time low offtake of 689 units and poses serious questions on its market acceptance. City anyhow continues its stellar performance and adds the required volumes to the overall numbers.
Tata: Who would have predicted that the newbies Zest & Bolt would do less than Indigo & Indica. The Bolt figures are scaring low (633 units). Nano does below 2k units – affect of GenX Nano launch scheduled for May? Safari posts its worst offtake in past 4 years and could manage only 184 units in Apr’15 – again the facelift launch on cards affecting the sales? Venture does negligible numbers again.
VW: We somehow feel that the Elite i20 sales have triggered interest among buyers to consider Polo and the brand has seen an upward trend post launch of the Elite. It is however, much better in value than the Hyundai counterpart is thus getting buyers.
Nissan/Datsun: The Go & Go+ cousins finally manage to get >1k units offtake together. The brands have not seen the success it assumed, however is trying hard to find momentum. Terrano is doing below average and could do much better.
Renault: Lodgy posts 2032 units on the first month of its launch! It fits exactly between Ertiga & Innova – an intelligent space to be in. However only the coming months would be crucial to term the carline a success or a failure. Duster numbers see a dip – more focus on Lodgy in Apr’15?

Top 10 selling cars of Apr’15:

Source: ET

Indian Automobile Export Performance – FY14-15

FY 2014-2015 remained flat in terms of Car Exports. Exports have taken a standstill in previous financial year and could garner a minuscule growth of 4%. The positive point was many OEM’s jumped into the export bandwagon and started off full-fledged exports from their plants. Notable OEM’s were GM, VW, Honda & Ford who tried to offset the local slump by exporting their models to similar markets worldwide – this not only enabled them to leverage on the manufacturing capacity, but also benefit from the low production cost the country has to offer.

Look at the OEM’s Rank basis their exports last FY –

Top 15 Car Exporters – India

Hyundai experienced a de-growth of around 18% in exports – this is the second year in succession where it saw a fall in export volumes (Find FY13-14 data here). However, it was way ahead than its rival Maruti and retained its numero uno slot. Maruti was able to snatch back its second position from Nissan and grew respectable 20%. The OEM’s focus back on exports is a positive sign and looks promising for the future as well. Nissan grew marginally and posted 3% growth in exports.

We have been able to collate brand wise export data for these OEM’s:

FY2014-15 Export Figures – India

Do note that the brands such as Ecosport, Ciaz, City, Ertiga, Celerio, Grand i10, Xcent which were made specifically for India and had their global launch in the sub-continent – is finding acceptance worldwide. It is an encouraging trend where the OEM’s would be designing cars for India, manufacture in India and supply across the world! This is how India would become an Export super power and we’ll able to see ‘Make in India’ concept touching newer heights!

Top 10 Export Models:

Source: AutocarPro

FY2014-15 Performance Snapshot – Cars & 2 Wheelers

Performance Snapshot of Car & 2-Wheeler OEM’s for Financial Year 2014-15

Indian Auto Industry witnessed a sale* of 26,01,111 cars & 1,60,04,581 two-wheelers in the previous financial year! While a single digit (4%) growth was seen for passenger cars, 2 wheelers had a similar performance and could post only 8% Year-on-Year growth. The Industry had a tough time last financial year – however, only the BEST could survive and project impressive growth. New launches were critical in both sectors and supported the respective OEMs.

Passenger Cars Segment:

India’s Top Passenger Car OEM’s

Maruti Suzuki successfully held it’s numero uno position (with Market Share of 45.01%) and the growth of 11% is just commendable! The OEM was able to successfully launch Celerio & Ciaz (co-incidentally both the car name starts with a ‘C’) and had the fitting replacement to its non-performing models (say Zen Estilo, A-Star, SX4). It also introduced India to AMT and we became the pioneer in world’s cheapest automatic option. The AMT was later fitted to Alto K10 and found acceptance here as well. We expect the new premium hatchback & compact SUV to further strengthen the OEM’s presence in the market.

Last year Hyundai proved to be the most aggressive of all car makers in terms of new product launches. Right from Grand i10 to Xcent, New i20 elite to Active the Korean automaker did tick all the right boxes (and could obtain Market Share of 16.17%). However, the sales of i10 & Verna couldn’t sustain the tough competition (from its  own new launches as well!) and saw tremendous decline.

M&M could not do much in previous financial year – except the refreshed Scorpio, the Indian UV major couldn’t get excitement in its portfolio. Its bread-and-butter model – Bolero could not post the usual numbers as well due to poor rural sentiments and less rains. Its 3rd position is strongly challenged by Honda and we foresee the Japanese OEM to clearly overtake M&M this financial year. M&M is pulling its socks and is planning a slew of launches (say refreshed XUV, micro SUV S101, next-gen Bolero U301, Quanto facelift) to fight Honda’s challenge.

Honda clearly was the most successful OEM in the previous financial year. Amaze & City were undoubtedly the pillars for its success and the diesel engine just laid the architecture for overall growth. It neatly overtook M&M’s volumes many times last year and seems poised to clearly rank third this year. With the new Jazz launch scheduled in June 2015, we expect the OEM to grow even better.

Even with Zest & Bolt, Tata had to face a major de-growth of 19%. The Indian OEM is leaving no stone unturned to regain its lost ground and is planning aggressive product onslaught this year. Do expect the Kite sedan and hatchback and various refresh in its UV models. The Revetron petrol engine has still not got the acceptance it desired – market yet to accept Tata’s offerings for personal use.

Toyota’s growth was again led by Innova & Fortuner. The growth is also a resultant of the fact that Toyota’s production was stopped for some period in FY13-14. This financial year remains to be a challenge as there are no major launches planned.

Ford’s vision for India is questionable – Even with a star product in hand, the American automaker de-grew by 11% last FY! Their focus on exports and lack of support for Indian demand has costed dearly and has hit its reputation as well. Ford is planning to gain ground with Aspire – hope they plan it well and price it attractively.

Look at the Market Share of these OEM’s:

Market Share – Passenger Cars

Two Wheelers Segment:
One Crore Sixty Lakhs Four Thousand & Five Eighty One two wheelers sold in last FY! No wonder, India is world’s second largest two wheeler market. Do note that scooters contribute to 30% of overall 2-wheelers sales! (45,05,529 scooters). Hence Honda could make a strong presence in the Indian market with the blockbuster sales of its scooter offerings – Activa & Deo. FY 2014-15 also was significant in terms of sales of high-end bikes. The growth of high-end bike segment has made us realize the tremendous potential the segment has. Even in times of turmoil, high end bikes successfully grew double and even triple digits last year!

India’s Top 2-wheeler OEMs

It’ll not be wrong if we say that Hero Moto Corp is the Maruti of 2 wheelers! The Indian two wheeler manufacturer stays strong at 40.19% Market Share and grew at a respectable 5% last FY. Maestro & Pleasure did help the OEM to gain some lost ground in Scooter segment – however, Activa’s demand remains to be unshaken. It is still vouching strong on its most successful model – Splendor and has recently started aggressive campaign behind the brand promoting it as the world’s most fuel efficient bike(with i3s technology). It is also investing big time to develop future line of products and innovative technology.

Honda’s surge in growth has been a matter of envy for other 2 wheeler manufacturers and the Japanese OEM has took right steps in the right direction. The dealer expansion was extremely aggressive and has fueled the said growth. However, it is time that it sheds its dependency on scooterettes and expand strong product lineup in other categories as well.

TVS overtook Bajaj as India’s third biggest 2-wheeler OEM. Reason said – Wego & Jupiter laid the foundation for the growth. No presence of scooter models in Bajaj’s portfolio has hit it hard and TVS could manage to launch attractive options in the segment.

Bajaj however is planning to strengthen its higher capacity motorcycle offerings with mutiple launches in 150 cc category (say RS 200, AS 200, RS 150, AS 150, CS 400 & SS 400). It has also made strong plans to revive its Discover & CT brand as well.

Mahindra 2 wheelers had the worst performance in previous FY – Centuro did show some promise initially, but later was a dud due to product issues. Also the plan to leverage scooter demand through Gusto, but it couldn’t perform as well.

Piaggio’s USP as a high-end & fashionable scooter lost steam and the OEM had to suffer a de-growth of 12%. The brand requires some novelty and intelligent brand building to bounce back.

Royal Enfield, Harley Davidson & Triumph proved India’s mettle as a strong market for high end bikes and they could cash on the demand for premium bikes. Many of these manufacturers are planning manufacturing base in India to reduce the import duty and even start export from here. Royal Enfield volumes is just unbelievable – It is selling in almost equal numbers to Suzuki in India! With better production capability, RE is bound to increase its volumes exponentially in coming days.

Let’s look at the Market Share of these OEM’s:

Market Share – Two Wheelers

FY 2015-16 will see a lot of push for ‘Make in India’ and can witness a lot of players setting their manufacturing base here. Also the dynamics of the industry will change based on the acceptance of new line of products and categories. Do expect the industry to perform slowly – and as said in the beginning, only the best will survive.

* Sale – refers to the offtake data (billing from OEM to authorized dealer)

List of Automotive Plants in India

While the Modi government is gung-ho on ‘Make in India’ strategy; Indian Automobile manufacturing has progressed to respectable levels already. Indian Automobile Industry currently accounts to 22% of country’s manufacturing GDP and is one of the biggest job creator in the subcontinent! India is poised to become the world’s third largest auto manufacturer in the world by 2020. As of today, India is largest three wheeler market in the world, second largest two-wheeler market and the fourth largest tractor market in the world!
India being a vast territory, we wanted to aggregate the state-wise locations of the manufacturing plants – hence, we have classified and collated the list for ease of understanding. The methodology for the same has been:
1. Vehicle Class has been given a priority – to enable clarity. For Ex: Even though Mahindra Trucks & XUV 500 are being manufctured in the same plant (Chakan, M’rashtra); we have taken the count twice for explicitly mentioning the class.
2. We have ranked the states depending on the count of class – Maharashtra ranks 1, TN at 2nd position, etc. However, the ranking maybe different based on vehicle production – it’ll discussed separately.
3. Manufacturer would be mentioned multiple times with the same location in the list – Do refer the class for better understanding. Also the same class may have multiple locations – Ex: M&M Tractors plants being present at Kandivili, Nagpur, Jaipur… 
Source: Wikipedia

India is currently having an annual production capacity of 17.5 million vehicles and we have the manufacturing bases across the country for all range of vehicles. However, two hubs have grown to enormous size in past 2 decades – Chennai Auto Hub (TN) & Pune Auto Hub (M’rashtra). Chennai Auto Hub is rightfully touted as Detroit of Asia and is looking forward to become the largest auto hub in the world. It houses Hyundai, Ford, Renault, Volvo, Mitsubishi, Nissan, BMW, Hindustan Motors, Daimler, Caparo, Mini & Datsun. With these many auto manufacturers on-board Chennai auto hub accounts to 35% of revenue share and hefty 60% of India’s auto exports.

The Pune Hub houses auto majors such as Audi, VW, Skoda, GM, Tata Motors, M&M, Mercedes Benz, JLR, Fiat & Force Motors – contribue 33% of Market Share. Third in the list is NCR cluster – Maruti Suzuki being the biggie. Gujarat is growing steeply and already has Tata Motors (manufacturing the Nano), Ford, Maruti & Peugeot plants. 
Source: Business Today
Such vast capacities from these units have made India an Export hub as well. OEM’s are strategically utilizing the capacity to cater to the Rural Demand and also International Markets depending on the volatility. This has further ensured that the OEM’s manufacture world-class products right here. Also the launch of newer models has been made faster. Do take a look at the manufacturing capacity of India’s top passenger car makers: 

Top 10 cars for FY 2014-15

It is interesting to see that the top 10 car brands collectively sold 13.53,772 units in FY 2014-15 which is almost 50% of the overall automobile sales in India! That signifies how unique Indian market is. Out of the top 10 brands, 5 brands belong to Maruti Suzuki – don’t be surprised that Maruti Suzuki even garnered 46% Market Share in the Indian Automobile space last year. And these 5 brands collectively sold an astonishing 9.12.415 units for Maruti last year.

Source: HT

1. Maruti Alto: The world’s best selling car has set a benchmark which is difficult to emulate. Alto is now India’s best selling for 11th year in a row! Maruti has ensured continuous sale of the brand by getting regular updates on the car (say a peppier 1000 cc engine or an AMT option). Last year, Alto also became the world’s cheapest automatic car (with AMT).
2. Maruti Dzire: The carline was untouched by the launch of Amaze, Xcent and continues to grow stronger month on month. It also successfully overtook its smaller and cheaper sibling Swift by quiet a margin. It has surely made the sub-4 mtr compact sedan segment a whole lot desirable for other OEM’s.
3. Maruti Swift: The premium hatchback is still the favorite of youth and the numbers are a testimony to that.
4. Maruti Wagon R: This car enjoys no direct competition and makes us wonder how it sells this much! The uglier Stingray added to the overall volumes and the brand contributing significantly to Maruti’s numbers.
5. Mahindra Bolero: It is the ONLY SUV in the top 10 list and is still the favorite of rural consumers. It enjoys unprecedented brand equity in upcountry markets and has been Mahindra’s best selling model of all time!
6. Hyundai Grand i10: The Grand i10 proved to be the closest competition to Swift and has gained considerable acceptance amongst the buyers. It offered features that were unheard of in the segment and has proved vital for its overall success. However, it did cannibalize the sales of the smaller i10 & bigger Xcent to an extent.
7. Hyundai Elite i20: It proved how Indians would accept an hatchback at the price of a sedan, if it has the right set of oomph & functionality. The premium hatchback’s volumes has been a stunner and is a BIG success for Hyundai.
8. Hyundai Eon: It is a very competent product, but its volumes are way behind the leader ‘Alto’. However, Hyundai is leaving no stone unturned to up the game in the segment through Eon.
9. Honda City: The latest generation Honda City proved to be the most successful City for Honda till date in India! And no wonder this had to be the Diesel-engine effect. It completely overshadowed competition such as Hyundai Verna, Ford Fiesta, etc and is still the most loved sedan in its segment.
10. Maruti Omni: Why don’t we have a competition for this product? – This is what i think time and again. Omni still manages to sell over 6k Omni’s every month and none of the OEM’s dare to launch a product in the segment?

Indian Car Sales Figures – March 2015

March has always been a positive month for the Auto Industry considering the year end depreciation benefits, big ticket discounts by OEM’s and the assumption that prices will increase from April. Also March being the end of financial year, all manufacturers push for achieving the year’s target shortfall.

March 2015 Sales Figures – Pan India

Maruti – Alto, Dzire, Swift & Wagon R deliver their consistent performance as always. Ciaz numbers sees a month-on-month dip and is a concern for the brand – Do note that the competition Honda City has posted its best performance for FY and also Hyundai has attempted to revive its falling Verna sales by launching the refreshed 4S Verna. The competition for Ciaz is going to be tough and the coming months will be crucial for the brand to sustain and prove its mettle. It is surprising how brands such as Eeco, Omni & Gypsy are contributing to the volumes – 12,768 units combined (which is more than the monthly volumes of VW, GM, Fiat, Ford, Skoda, etc)! No direct competition for these cars and their undoubted value for money proposition has worked in their favor.
Hyundai – The Korean auto major is in full-throttle mode and has given everything to increase its pie in the Indian market. No other company has been as aggressive as Hyundai in recent times considering the updates/new product launches in past 18 months. Within 8 months of the launch of elite i20, the cross variant was offered to the Indian customers in Mar’15 – No wonder, the brand crosses 12k units for the first time in its lifecycle! Hyundai was hence successful to post its ever highest offtake numbers in March 2015.
Honda – Its numbers has been nothing but a fairy tale in the past financial year. Even the Honda officials wouldn’t have anticipated the growth the company experienced in the last 18 months! And the performance is improving consistently – City delivers its highest offtake figures and misses 10k mark by a whisker. The Verna’s & Ciaz’s of the world couldn’t shake City’s dominance. Even Amaze has a stellar comeback and posts respectable 8.1k units. Mobilio is trying hard to gain acceptance in the under-developed MUV segment. Brio too tries hard to signify its existence. It is now crucial for Honda to maintain its position in the THIRD slot and gun for the second (can the new Jazz make this dream a reality?)
Mahindra – The homegrown SUV major has tried hard to sustain its rank, but Honda managed to snatch the position. This was a result of lot of unsuccessful launches from the automaker – Quanto, Vibe, Rexton, etc. The volumes are completely dependent of 3 carlines – Bolero, Scorpio & XUV 500. We are happy to see the Bolero figures crossing the 10k mark after a long gap of 11 months! Is the slowdown in rural market affecting M&M’s volumes?
Tata – It is disheartening to see Bolt & Zest’s volumes being lower then its elder siblings – Indica & Indigo. The average consumer is still wary to accept the brands for personal use and the newer offerings have not taken off the way Tata would have expected. Safari experiences a continuous decline – maybe the update expected on the carline is on the cards.
Toyota – Seeing Innova’s & Fortuner’s volumes, one can understand why this Japanese carmaker the no.1 brand worldwide! Selling these volumes in high-end segment is never easy. The philosophy continues with Corolla as well the numbers is currently hovering at an average of 850 units.

Snapshot of how March 2015 defined the performance of the Auto Industry for FY15 –

Source : ET

Also an interesting snapshot of the overall Automotive Industry for Mar’15:

Source: AutocarPro

Indian 2 Wheeler Sales Figures – Feb 2015

Management Punditz has always strived to bring real-hard statistics to our readers. While we could consistently present car sales figures of August 2010, the two wheeler statistics was seldom made available. While a lot of car blogs and magazines believe in sharing the reviews of the drive, we think that the numbers speak for itself and hence the acceptability from the consumers. We have been receiving a lot of requests from our readers to share the two-wheeler figures as well and hence the post.

We have initiated steps to collate the two wheeler sales numbers and initially standardize on the mentioned principles:

  • 1. Get OEM-wise (Make column) and dig brand-wise (Model column) statistics of tha offtake numbers (i.e. dispatches from the 2-wheeler manufacturers to their respective dealers).
  • 2. Compare YoY statistics to get a realistic idea on the growth/de-growth as this sector is highly seasonal. 
  • 3. Highlight the brands launched in past 1 year in yellow to understand the impact these brands have made to their respective OEM’s. 
  • 4. Divide the segment primarily into 4 categories : Motorcycle, Scooter, Performance & Moped. We understand that the categorization would have been better, but we wanted it to be simple as the brands are plenty (145 models mentioned in the list!).

February 2015 Sales Figures – Pan India

TRIVIA:
– An interesting fact is that only Royal Enfield could post growth in all its models (except for a minimal 2 units gap in Continental GT).
– Also to highlight the importance of price factor in 2-wheelers – Note that in 2015 Street 750 alone sells as many units as all Harley Davidson brands sell combined in 2014.
– Bajaj is still devoid of a product in Scooter segment – while Hero Moto Corp & Honda are successfully milking the segment and supporting respective growth for their overall numbers.
– Activa is just 4811 units short of the best selling brand ‘Splendor’. Don’t be surprised to see Activa overtake splendor sales in coming times.
– Moped still sells 63,435 units and is the 5 best selling two wheeler! That’s how Value-conscious our country is. Also surprising is that no other OEM than TVS has a product in Moped segment.
– 150 cc segment has shown considerable promise – Pulsar brand combinedly sells 44,826 units and is the 7th best selling brand.

A look at the Top 10 selling brands –

India’s Luxury Automobile Market – 2014

India’s Luxury Auto space has seen a positive movement in 2014 vis-a-vis the flat growth of passenger car sales. Sales of Luxury Auto makers such as Audi, Mercedes, BMW & Volvo are estimated to have grown by 9% v/s less than 1% growth in overall automobile market.

While Management Punditz have been extensively tracking the data of passenger car sales, retrieving luxury car sales figures has been a challenging task. The luxury car makers seldom share data and the data is shared only when these companies have to project their growths or achievements. This behavior is also being questioned by SIAM and analysts fraternity as well. The confusion also lies whether the data shared by these manufacturers are for offtake or retail – majority of the times whichever data is higher is being shared and makes it all more difficult for us to interpret.

Source: ET

However, 2014 figures were as expected – it was a year of growth for automakers with new launches, both in luxury space & passenger cars. Audi & Mercedes benefited from the launch of the new products and were able to project considerable growth over previous year. Audi led the rankings with sales of 10,851 units, which was 650 units more than second in race Mercedes-Benz (10,201 units).

Source: Business Standard

BMW was the biggest laggard in this space – BMW managed to sell only 6812 cars which is 7% lower than 2013. No exciting launches by the automaker proved to be the shortfall for the German major.

But the company which made a majestic comeback was Mercedes-Benz! Don’t be surprised if MB jumps to the numero uno slot in 2015. The German car maker was on a product offensive strategy and has worked superbly for the auto giant. These points were instrumental for growth of Mercedes-Benz in 2014:

  • 1. Seven products/upgrades launched in first half of 2014 (like New S-Class, C-Class Grand Edition, GL63 AMG, etc) and 7 more product launched in the second half (say CLA 45 AMG, new E350 CDI, GLA 45 AMG, New C-Class etc).
  • 2. ‘Excellence in Network’ strategy – Focus on strengthening the reach in India. A record 14 outlets were inaugurated in 2014 which allowed the car maker to access the prospects in Tier-1 Tier-2 cities as well. Don’t be surprised to see Mercedes outlets in cities like Surat, Bhubaneshwar, Raipur, Bhopal, Chandigarh, Mohali, Karnal and Nashik!

Mercedes Benz has similar plans in 2015 – It plans of launching 15 new vehicles in 2015 and also open 15 new dealerships this year! Mercedes is also planning to invest 10 Billion Rupees to double production capacity to 20,000 units a year.

The rankings in the luxury car space has become all more competitive and the German giants are fighting it hard to reach the no.1 slot. However, India is a tough market to crack and only the best will excel. It will also be interesting to assess the growth of the likes of JLR & Volvo in the coming years. For 2015, we believe it’ll be the ‘Best or Nothing’ 🙂

EDIT: As predicted, Mercedes Benz has already gained substantially in the first quarter of 2015 and leads by 385 units from its rival Audi. The product lineup for MB has never been such exciting and the German giant has aggressive launches scheduled for 2015 as well. The dealer network is equally impressive and this is how it fares vis-a-vis rivals: MB-68 outlets, Audi-35 outlets & BMW-56 showrooms/outlets.

Source: Business Standard