Backed by a slew of New Launches (Honda Amaze, Ford Freestyle, Toyota Yaris, Hyundai Creta), the Indian Passenger Car Industry grew an impressive 19.8% in May’18 v/s May’17! Maruti as always raked an impressive 54.3% Market Share and registered a YoY growth of 24%. Tata, Honda & Ford emerged as the biggest gainers in May’18 which was backed by the strong performance of their recently launched Nexon (AMT), Amaze & Freestyle. Renault, VW & Nissan though couldn’t recover from the slow run and records a YoY degrowth of 22.1%, 3.8% & 3.7% respectively.
May 2018 had a stellar 15 New Launches/Facelift/Feature Add in the month:
May 2: Tata Nexon AMT
May 3: Mini Countryman
May 4: Mercedes AMG E63S
May 8: Nissan Terrano Sport Edition
May 9: Maruti Vitara Brezza AMT
May 11: Maruti Ertiga Limited Edition
May 14: Ford Ecosport S
May 16: Honda Amaze
May 21: Hyundai i20 CVT
May 21: Hyundai Creta
May 21: Lexus LX 570
May 21: Mercedes AMG SLC 43, GLE 43 Limited Edition
May 24: Mini Cooper Facelift
May 26: Mahindra TUV300 Plus
May 29: Porsche Cayenne Turbo