Tata Motors Shows Positive Growth on Oct 2020

The Indian automobile industry sees growth continuously during this festive season. Sales have been increasing month on month and year on year significantly. Some key highlights of this growth are as follows:

• Tata motors see stupendous growth “Year on Year”, In the month of October, it had a “Year over Year” growth of 79.2%.

• Kia Motors has been on a solid sales growth thanks to the huge success of Seltos & the Sonet.

• Maruti Suzuki, India's largest car manufacturer has seen a modest 17.6% increase in sales over last year.

• Hyundai India’s numbers have increased by 13.2%.

• On the other hand, Nissan & Volkswagen have seen the most decline in sales due to very few models and low dealer network. The Nissan Magnite will be the make or break product for Nissan.

• The largest “Month on Month” growth is seen by Toyota. Sales have improved by 52.5% over the last month.

• Ford, Renault, and Mahindra have their growth figures at 22.9%, 25%, and 26.8% respectively, on the “Month over month” basis.

Market share:

Tata Motors is the only company to show significant growth again with a market share gain of 2.4%, followed by Kia 1.8 %.

On the other hand, the Highest month on month share gain has been for Mahindra & Honda.