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India’s automobile sector is split into four segments, i.e., two-wheelers, three-wheelers, passenger vehicles, and commercial vehicles, each having a few market leaders. Two-wheelers and passenger vehicles dominate the domestic demand.
The report covers the Analysis Of Automobile Industry In India Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Analysis Of Automobile Industry In India Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
The India automotive market demand was pegged at 3,641,233 units in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 9.7% from 2023 to 2030. According to statistics published in April 2018 by the European Automobile Manufacturers Association (ACEA), India is ranked fourth in the top ten global car-producing countries.
In the automobile market in India, Two-wheelers and passenger cars accounted for 77% and 18% market share respectively during the year 2021-22. Passenger car sales are dominated by small and midsized cars. Export of the total number of automobiles increased from 4,134,047 in 2020-21 to 5,617,246 in 2021-22, registering a positive growth of 35.9%
Jul 18, 2018 · The automobile industry in India is on the move, and the country could grow into the world’s third-largest passenger-vehicle market. Here's what traditional automotive players need to know about the future of mobility in India.
Mar 25, 2024 · Major players of India’s automotive industry In financial year 2022, the gross value added from the road transportation sector was the highest across India at around 4.4 trillion Indian...
Apr 25, 2024 · ICRA expects the industry to grow by 3-6% in FY2025, aided by steady demand for utility vehicles, which is likely to bolster industry growth despite an elevated base. However, the lower growth expectation for the next year partly stems from waning pent-up replacement demand.
The auto industry is cautiously looking forward to 2021, although a lot will hinge on how the economy grows. This document explores the current market opportunity for the Indian auto industry. It also captures the key trends and recent developments that are shaping the industry. Rahul Kapur Partner, Growth Grant Thornton Bharat
The India automotive market size is forecast to increase by USD 53.3 billion, at a CAGR of 7.46% between 2023 and 2028. The market is witnessing significant growth, with key sectors including passenger cars, two wheelers, and three wheelers experiencing increased demand.
Mar 3, 2021 · Indian automotive sales have shown resilience during the pandemic but have not returned to their pre-COVID-19 strength. What will it take to go from resilience to resurgence? Automotive is one of the core sectors of the Indian economy and, to a great extent, serves as a bellwether for its current state.
