Indian Car Sales Figures – October 2020 (FADA Report)

While the passenger vehicle industry had projected a YoY growth of 17.5% in terms of Wholesales (source); the registrations have dropped by -8.8% in Oct’20 v/s Oct’19.

Commenting on how October’20 performed, FADA President, Mr. Vinkesh Gulati said, October continues to see positive momentum on monthly basis but on a yearly basis the negative slide continues to increase. The 9 days Navratri period witnessed robust vehicle registrations but could not save October to go in red as compared to last year when both Navratri and Diwali were in the same month.”

OEM wise Passenger Cars Market Share Data for Oct-20 with YoY comparison –

Source: FADA Research
  • Maruti Suzuki reported an increase in Market Share YoY and was able to command a Market Share of ~50% in October 2020.
  • Hyundai ranked second and recorded a fall in Market Share of -0.3%.
  • Tata had an impressive month where both Wholesale & Retails were better. Tata Motors registered a YoY increase of stellar 41.4% and was one of the highest in Oct’20. It also increased its Market Share by 2.6% in Oct’20 v/s Oct’19
  • Mahindra’s Market Share loss was one the highest in October 2020. The Indian major’s market share dropped by -1.2% in Oct’20 v/s same period last year.
  • Kia is on a roll. It is already commanding a Market Share of 6.4% within 1 year of operations. Sonet has helped Kia strengthen its hold in the Indian market even further and it grew 81.7% YoY.

Vehicle Registration Statistics – October 2020

Federation of Automobile Dealers Association has released October’20 Vehicle Registration Data today. We appreciate FADA’s pro-activeness in accessing vehicle registration data and publishing it accordingly every month.

Vehicle Registration data is a much relevant and stronger metric in terms of assessing the Industry’s Performance as it highlights the actual sale (from dealer to customer). We explain how – While the passenger vehicle industry had projected a YoY growth of 17.5%; the registrations have actually dipped by -8.8%. This indicates that the OEMs have clearly pushed stocks/vehicles to the dealerships.

Category wise Vehicle Registration / Retail Data –

  • Vehicle Registrations in October 2020 continued to grow by 5.11% on MoM basis (v/s Sep’20) but falls by -24% on YoY basis (v/s Oct’19).
  • Only Tractors showed YoY growth in October 2020. While tractors grew an impressive 55.5% in Oct’20 v/s Oct’19; 2-Wheeler degrew by -26.82%, 3-Wheeler by -64.50%, CV by -30.32% and PV by -8.80%. Tractor sales in rural India continues its positive run as Kharif sowing witnessed record progress of area covered till date.
  • With only Navratri in October as compared to both Navratri and Diwali in October last year, October registrations did not show positive growth.
  • Three Wheelers recorded the steepest YoY degrowth of -54.5%. With cities under incessant lockdown; the sale of three wheelers have impacted heavily and the sales fall seems inevitable now.
  • Even CVs too registered >30% YoY degrowth. The segment has taken a huge beating in Covid19 era and both trucks/buses sales have come down drastically.
  • Dealer Inventory for both 2W and PV are at its newest highs in this Financial Year. The stocks pushed to the dealerships in anticipation of festive season stayed at dealerships as demand wasn’t as expected.

Note:

1- The above numbers do not have figures from AP, MP, LD & TS as all these States/UT’s are not yet on Vahan 4.
2- Vehicle Registration Data has been collated as on 08.11.20 and in collaboration with Ministry of Road Transport &
Highways, Government of India and has been gathered from 1,257 out of 1,464 RTOs.

Wagon R is the Best Selling CNG car in India!

Maruti Suzuki Wagon R S-CNG contributed to over 31% of the CNG cars sold in India for H1 FY2021. Among the 51,448 CNG cars sold; Wagon R sales was 16,167 units and it emerged as India’s No.1 selling CNG model.

Wagon R is incidentally India’s most fuel efficient factory fitted CNG car as well (Source). Wagon R CNG claims a mileage of 32.52 km/kg and is slightly higher to that of Alto (31.59 km/kg). It wouldn’t be wrong to say that CNG is the New Diesel for Maruti Suzuki. While Diesel has vanished from Maruti’s portfolio; it is now ramped up focus on selling CNG cars and is currently selling the option in 7 variants! Though the non-availability of CNG fuel stations in many cities/rural areas; space consuming CNG cylinder and lower performance of CNG cars still remain a concern- The low cost of running a CNG car and it being environment friendly is pushing sales for the models.



Let us see the model wise Sales Performance of Company fitted CNG cars – 

  • Wagon R constitutes to almost 1 out of every 3 CNG cars sold in India! The model is well accepted due its practicality, space and low running cost. It is equally famous in taxi segment and one can see slew of Wagon R CNG taxis running in Delhi or Mumbai. In Sep’20; The CNG variant of  WagonR had surpassed 3 Lakh units in overall sales!
  • Maruti Ertiga CNG ranked second and almost 10,236 units were sold in the first 6 months of FY2021! Ertiga CNG too seems to have well accepted in the fleet segment and is a popular choice.
  • Celerio CNG ranked third and 3.3k units short of the Ertiga.
  • Overall 7 Maruti Suzuki models & 3 Hyundai models fared in the list. The best selling CNG car from the Hyundai’s stable was the Xcent/Aura. It ranked 6th in the overall table.
  •  We shall now present an interesting comparision on how the CNG models contribute to the overall sales of the said models –
Rank OEM Model Overall Sales CNG Sales  CNG %
1 Maruti Wagon R 53,037 16,167 30%
2 Maruti Ertiga 33,447 10,236 31%
3 Maruti CELERIO 22,346 6,935 31%
4 Maruti Eeco 34,256 5,693 17%
5 Maruti Dzire 44,712 2,840 6%
6 Hyundai Xcent/Aura 10,314 2,367 23%
7 Hyundai i10 Grand 33,254 2,133 6%
8 Maruti Alto 55,101 2,089 4%
9 Maruti S-Presso 21,565 1,857 9%
10 Hyundai SANTRO 8,450 1,131 13%
TOTAL 3,16,482 51,448 16%
    • Do note that the CNG variants contribution go all the way to 31% sales for the overall model volumes!
    • As per the aforementioned stats – Ertiga, Celerio, Wagon R & Xcent/Aura CNG models have a higher contribution to the overall model sales and highlights the significance of the CNG variants.

PS: We have considered the sales of only Factory Fitted CNG models in this post.

Petrol Car Sales rise to all time high of 82% in H1 FY2021!

Share of of Diesel cars has more than halved since FY2017, with OEMs shift in focus to Petrol Cars with the introduction of BS6 norms.

Shift in Sales of Petrol v/s Diesel Cars –

  • There has been a major demand shift in the sales of diesel cars. The primary factors have been –
    • Thinning price gap between Petrol v/s Diesel fuels
    • Higher Acquisition Cost of a Diesel Car
    • Comparatively higher maintenance cost of a BS6 diesel vehicle
    • Volatile Government norms against diesel cars (Ex: rulings such as a 10-year lifetime of a diesel car in the NCR, compared to the 15-year validity for petrol cars)
  • While Diesel Cars contributed to almost 40% of the overall PV sales in FY2017; the contribution has dropped to less than 18% in H1 FY2021! Only 1,54,992 diesel cars were sold in India during the first six months of FY2021; against a sales of 7,21,049 Petrol + CNG cars in the same period.
  • Even many OEMs have only Petrol Cars in their portfolio now. It includes the Market Leader Maruti Suzuki and is followed by Renault, VW, Skoda & Nissan.




We present the OEM wise Petrol v/s Diesel Cars Sales Statistics for better understanding –

  • The Industry Leader Maruti Suzuki has complete dependence on Petrol Cars in post BS6 era. The OEM has now strategically invested resources to push the sale of CNG cars. Almost 11% of the cars sold by Maruti had a Petrol+CNG heart!
  • Do note that Maruti CNG cars sales almost equaled the overall Kia cars sold in the first six months of H1 FY2021! This signifies the amount of CNG cars sold by Maruti in the said period.
  • Hyundai had a pretty significant volume from Diesel Car sales. Hyundai was also the only OEM in India to have a representation in all 4 forms (Petrol / Diesel / Electric / CNG).
  • Hyundai too followed Maruti’s footsteps in terms of pushing CNG cars. However; it was able to garner only 3.5% of its overall volumes from CNG cars. PS: Only 3 Hyundai models are available in CNG avatar (Santro, Grand i10 & Aura); vs 7 models in Maruti.
  • Owing to Nexon EVs popularity; Tata was able to extract almost 2% of its sales from Electric Cars (Nexon EV & Tigor EV). Tata also lowered its dependency on diesels and over 83% of the Tata’s sold were Petrol cars.
  • Mahindra as an OEM has the highest reliance on Diesel Cars! Even in the BS6 era; over 91% of the Mahindra’s were Diesels.
  • Kia had almost equivalent share of Petrol v/s Diesel cars. This has made many Industry Gurus wonder that Diesel Cars are here to stay and the Indian Consumer shall just not shy away from buying Diesel Cars. In the later posts we shall show the modelwise bifurcation too for clarity.




OEMs with highest dependence on Diesel Cars – 

Sl No OEM Diesel%
1 Mahindra 92%
2 Toyota 66%
3 Ford 64%
4 FCA 52%
5 Kia 46%
6 MG 42%
7 Hyundai 25%
8 Tata 15%
9 Honda 13%
10 Maruti 0%
11 Renault 0%
12 VW 0%
13 Skoda 0%
14 Nissan 0%

OEMs with highest dependence on Petrol Cars – 

Sl No OEM Petrol%
1 Renault 100%
2 VW 100%
3 Skoda 100%
4 Nissan 100%
5 Maruti 89%
6 Honda 87%
7 Tata 83%
8 Hyundai 72%
9 Kia 54%
10 MG 53%
11 FCA 48%
12 Ford 36%
13 Toyota 34%
14 Mahindra 8%

Compact SUV Segment is now the highest growing Segment in India!

Compact SUV segment registered the highest YoY growth in October 2020. It grew a stellar 60% YoY backed by strong volumes of Brezza, Sonet & Venue.

  • Compact Hatchbacks was India’s largest segment in terms of volumes and it contributes to ~24% of the cars sold in India! It recorded decent YoY growth in Oct’20 and clearly signifies how first time buyers are purchasing compact hatchs over entry level hatchs.
  • Compact SUV segment which ranked fourth in Aug’20; shot up to be the country’s second largest segment in Sep’20 and maintains the stand in Oct’20 as well. The launch of Kia Sonet just catapulted the segment volumes and it sold more than the likes of premium hatchbacks/Mid SUVs. It also grew 60% YoY
  •  Premium Hatchback segment overtook the Mid SUVs and was the third largest segment and contributed near to 13% of the passenger car sales in India for October 2020.
  • Mid SUV segment fell lower the Industry YoY growth and ranked fourth in the table. It was ahead of entry level hatchbacks by 3,424 units.
  • MUVs & Premium Sedans registered negative YoY growth.




Segment Wise & Model Wise Car Sales Data for October 2020– 

1. Entry Hatchback Segment:

Rank OEM Model Oct’20 Oct’19 Growth
1 Maruti Alto 17,850 17,903 0%
2 Maruti S-Presso 10,612 10,634 0%
3 Renault Kwid 5,371 5,384 0%
4 Datsun Redi-GO 910 709 28%
TOTAL 34,743 34,630 0%

2. Compact Hatchback Segment:

Rank OEM Model Oct’20 Oct’19 Growth
1 Maruti Swift 24,589 19,401 27%
2 Maruti Wagon R 18,703 14,359 30%
3 Hyundai i10 Grand 14,003 9,873 42%
4 Maruti Celerio 7,574 3,669 106%
5 Tata Tiago 6,083 5,460 11%
6 Maruti Nexa Ignis 4,555 1,859 145%
7 Hyundai Santro 3,463 5,855 -41%
8 Ford Figo 339 967 -65%
9 Datsun Go 43 282 -85%
10 Nissan Micra 66
11 Tata Bolt 24
12 Toyota Liva 612
TOTAL 79,352 62,427 27%

3. Premium Hatchback Segment:

Rank OEM Model Oct’20 Oct’19 Growth
1 Maruti Nexa Baleno 21,971 16,237 35%
2 Hyundai i20 8,399 14,683 -43%
3 Tata ALTROZ 6,730 0
4 Toyota GLANZA 2,978 2,693 11%
5 VW Polo 1,564 1,744 -10%
6 Ford Freestyle 848 505 68%
7 Honda Jazz 642 750 -14%
TOTAL 43,132 36,612 18%




4. Compact Sedan Segment:

Rank OEM Model Oct’20 Oct’19 Growth
1 Maruti Dzire 17,675 19,569 -10%
2 Hyundai Xcent/Aura 5,577 1,388 302%
3 Honda Amaze 4,709 5,134 -8%
4 Tata Tigor 1,501 1,152 30%
5 Ford Aspire 446 519 -14%
6 VW Ameo 584
7 Tata Zest 443
TOTAL 29,908 28,789 4%

5. Executive Sedan Segment:

Rank OEM Model Oct’20 Oct’19 Growth
1 Honda City 4,124 1,887 119%
2 Hyundai Verna 2,166 2,174 0%
3 Maruti Ciaz 1,422 2,371 -40%
4 Skoda Rapid 1,024 815 26%
5 Toyota Yaris 373 382 -2%
6 VW Vento 231 729 -68%
7 Nissan Sunny 21
TOTAL 9,340 8,379 11%

6. Premium Sedan Segment:

Rank OEM Model Oct’20 Oct’19 Growth
1 Honda Civic 230 436 -47%
2 Hyundai Elantra 46 59 -22%
3 Skoda Octavia 31 231 -87%
4 Toyota Corolla 90
TOTAL 307 816

7. Luxury Sedan Segment:

Rank OEM Model Oct’20 Oct’19 Growth
1 Skoda Superb 184 152 21%
2 Toyota Camry 38 67 -43%
TOTAL 222 219 1%




8. Compact SUV Segment:

Rank OEM Model Oct’20 Oct’19 Growth
1 Maruti Vitara Brezza 12,087 10,227 18%
2 Kia Sonet 11,721 0
3 Hyundai Venue 8,828 8,576 3%
4 Tata Nexon 6,888 4,438 55%
5 Mahindra XUV 300 4,882 3,045 60%
6 Ford Ecosport 4,599 4,326 6%
7 Toyota Urban Cruiser 3,006 0
8 Honda WRV 1,100 1,367 -20%
9 Mahindra TUV 300 1,246
TOTAL 53,111 33,225 60%

9. Mid-SUV Segment:

Rank OEM Model Oct’20 Oct’19 Growth
1 Hyundai Creta 14,023 7,269 93%
2 Kia Seltos 8,900 12,854 -31%
3 Mahindra Scorpio 3,961 4,628 -14%
4 MG Hector 3,625 3,536 3%
5 Maruti S-Cross 2,526 1,356 86%
6 Tata Harrier 2,398 1,258 91%
7 Mahindra XUV 500 1,009 1,378 -27%
8 Jeep Compass 832 854 -3%
9 Renault Duster 362 622 -42%
10 Skoda Karoq 182 0
11 MG ZS EV 125 0
12 Nissan Kicks 122 313 -61%
13 VW T-ROC 89 0
14 Hyundai Kona 13 50 -74%
15 Renault Captur 222
16 Nissan Terrano 1
17 Tata Safari 165
TOTAL 38,167 34,506 11%

10. Premium SUV Segment:

Rank OEM Model Oct’20 Oct’19 Growth
1 Toyota Fortuner 1,472 1,302 13%
2 Ford Endeavour 852 700 22%
3 VW Tiguan 170 155 10%
4 Hyundai Tucson 87 83 5%
5 Mahindra Alturas G4 69 101 -32%
6 Honda CR-V 31 152 -80%
7 Skoda Kodiaq 180
TOTAL 2,681 2,673 0%




11. MUV Segment:

Rank OEM Model Oct’20 Oct’19 Growth
1 Maruti Ertiga 7,748 7,197 8%
2 Mahindra Bolero 7,624 5,884 30%
3 Renault TRIBER 5,272 5,240 1%
4 Toyota Innova Crysta 4,477 5,062 -12%
5 Nexa XL6 2,439 4,328 -44%
6 Mahindra Marazzo 737 1,044 -29%
7 Kia CARNIVAL 400 0
8 Datsun GO+ 30 189 -84%
9 Toyota Vellfire 29 20 45%
10 Mahindra Xylo 87
11 Tata Hexa 229
12 Honda BR-V 284
13 Renault Lodgy 48
TOTAL 28,756 29,612

12. Van Segment:

Rank OEM Model Oct’20 Oct’19 Growth
1 Maruti Eeco 13,309 10,011 33%
TOTAL 13,309 10,011 33%

13. Lifestyle Off-roader Segment:

Rank OEM Model Oct’20 Oct’19 Growth
1 Maruti Gypsy 596
2 Mahindra Thar 0 180
TOTAL 596 180 231%