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The automotive industry in India is the world's fourth-largest by production and valuation as per 2022 statistics. As of 2023, India is the 3rd largest automobile market in the world in terms of sales.
Learn about the current and future state of the Indian automobile industry, which is a key indicator of the economy and a major contributor to GDP and employment. Find out the market size, export potential, investment opportunities, and challenges of the sector, as well as the latest news and reports.
The report covers the demand, growth, and forecasts of the Indian automotive market by segments, such as passenger vehicles, light commercial vehicles, and heavy trucks. It also analyzes the factors influencing the market, such as government policies, technology adoption, and consumer preferences.
- The India automotive market is expected to grow at a compound annual growth rate of 9.7% from 2023 to 2030 to reach 8,363,344 units by 2030. Read More
- The passenger segment dominated the India automotive market with a share of 71% in 2022. This is attributable to rising disposable incomes aiding s...
- Some key players operating in the India automotive market include Ashok Leyland; Bajaj Auto Ltd.; Daimler AG; Eicher Motors Limited; Ford Motor Com...
- Key factors that are driving the market growth include a growing population, increasing investments in the road infrastructure, growing logistics i...
The report analyzes the Indian automobile industry by vehicle types, fuel types and regions, and provides market size and growth projections for 2024-2029. It also covers the major players, trends and challenges in the industry, such as electric vehicles, emissions standards and exports.
- The India Automobile Market is projected to register a CAGR of 8.10% during the forecast period (2024-2029) Read More
- Mahindra & Mahindra Ltd, Hyundai Motor Company, Tata Motors Limited, Honda Cars India Ltd (Honda Motor Company) and Maruti Suzuki India Ltd. (Suzuk...
- The report covers the India Automobile Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Indi...
Mar 25, 2024 · Learn about the history, growth, and challenges of India's automotive sector, which is the third largest in Asia-Pacific. Find out the major players, production, and emission standards of the industry.
Mar 3, 2021 · The Indian automotive industry is recovering from COVID-19 and other challenges, and has growth potential in domestic, international, and downstream markets. Learn how to pursue growth, increase resilience, and promote disruptive trends in the sector.
India aims to double its auto industry size to Rs. 15 lakh crores by end of year 2024. There has been an FDI inflow of $33.77 billion in the industry from April 2000 till September 2022
