Over 34 Lakh Passenger Vehicles were manufactured in India in FY2019-20 (Apr’19 to Mar’20). The Production degrew -15% YoY in FY20 v/s FY19.
We have been getting a lot of requests to collate the Manufacturing / Production Statistics in India. We thus share the statistics for past 2 Financial Years. Total 34,34,015 cars were manufactured in India in FY2019-20 and was almost 6 Lakh units lesser than FY2018-19. Economic Slowdown, BS6 Transition and average exports were the reasons for lowered production in the last fiscal.
Let us see the OEMwise production statistics for FY2020 –RankOEMFY2020FY2019Growth1Maruti Suzuki15,53,45618,24,652-15%2Hyundai6,47,7567,11,525-9%3Ford1,93,0142,56,496-25%4Mahindra1,90,4682,71,245-30%5Tata Motors1,49,1042,25,256-34%6Renault1,12,42289,83625%7Kia Motors1,01,4200–8Toyota1,00,3391,59,888-37%9Honda98,3771,79,999-45%10Nissan88,50594,692-7%11Volkswagen78,46190,828-14%12General Motors70,22876,482-8%13MG Motors23,6050–14FCA12,36222,815-46%15Skoda11,71217,017-31%16Force Motors1,4002,158-35%17Isuzu1,3622,475-45%18Mahindra Electric24438-95%19HM0245-100%TOTAL34,34,01540,26,047-15%
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Maruti was the largest production of passenger cars in India and had manufactured over 1.5 million units in FY2020. Over 45% of the cars manufactured in India wears a Suzuki badge!
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As usual, Hyundai came second with a manufacturing output of over 6.4 Lakh units in FY2020.
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Ford was the Third Largest producer of cars in India for FY2020! Owing to high export volumes; Ford has been able to utilize its production capacity well and has a utilization % better than the likes of Mahindra, Tata and even Toyota. (link)
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Mahindra & Tata came in 4th and 5th spot respectively. Both the OEMs recorded over 30% drop in YoY production statistics.
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Renault was the only OEM to record a YoY growth and manufactured over 1.1 Lakh units in FY20.
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Kia manufactured more cars than Toyota too in FY2020! Kia’s focus on exports from day 1 is quite evident and the Korean OEM has been able to utilize pretty efficiently too.
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General Motors manufactured more cars in India than MG, Jeep, Skoda and Isuzu combined! Post exit from the Indian market; GM’s focus on exports enabled it to utilize its production effectively and the same is pretty evident now. However; with the sale of the Talegaon manufacturing plant, GM is on the way to completely exit India.
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