The Automotive Market in India was accounted for 3.99 Mn units in 2023 and the market is expected to reach 6.38 Mn units at a CAGR of 6.94 % by 2030.
Automotive Market in India Overview
The Automotive Market in India analysis provides a comprehensive picture of competition, including the market share and company profiles of the worldwide industry’s top rivals. The research scope covers a complete analysis of the Automotive Market in India , as well as the causes for variances in the industry’s growth in various places
Automotive Market in India To know about the Research Methodology :- Request Free Sample Report https://www.maximizemarketresearch.com/request-sample/86126/
Automotive Market in India Report Scope and Research Methodology
This study offers a thorough analysis of the Automotive Market in India with a particular emphasis on the key players' tactics, geographic locations, and market segments. In addition to offering insights on import/export consumption, supply and demand, price, cost, and gross margins, it analyses opportunities, challenges, drivers, and restraints at the regional and segment-specific levels. To guarantee accuracy, information from primary and secondary research methods such as questionnaires, phone interviews, and surveys was employed. To assess the benefits and drawbacks of the market, a SWOT analysis was done.
Segment-wise analysis of the market is divided into Automotive Market in India . Regional analysis of the Automotive Market in India conducted at local, regional and global levels. The report also provides information on the emerging regions that are expected to be major markets for the Automotive Market in India . The report includes primary and secondary collection techniques with qualitative and quantitative approaches for the analysis of the Automotive Market in India . SWOT analysis is used to identify the threats and weaknesses of the market while PORTER is used to understand the competitive intensity of the industry in the Automotive Market in India .
Automotive Market in India Dynamics:-
The increasing young population and rising income of middle-class families has been considered resulting in the growing market share for India in the automotive industry. India’s rapid urbanization in the recent years in all industrial sector, especially the automobile industry has driven the market. According to the Society of Indian Automobile Manufacturers (SIAM), in June 2021, the total production volume of commercial vehicles, passenger cars, three-wheelers, and two-wheelers combined was 1,693,639 units. Government initiative for the fast production and adoption of hybrid electric vehicles has increased while focusing on lowering the use of fossil fuels. The demand for the automotive market is further driven by increasing exports of Indian manufactured vehicles to other countries by the terms of volume. Indian automotive exports accounted for 1,419,430 units from April 2021 to June 2021.
Regardless of the growth of the world’s one of the fastest growing automobile industrial sectors, it faces several challenges. The increasing pollution is the utmost growing concern in India, as some of the major cities like Delhi and Mumbai experience a high range of air pollution and noise pollution. The need for clearer air and the use of cleaner sources of energy alternatives is increasing in demand due to various environmental concerns. Government policies for maintaining safety and quality standards of vehicles due to increased road incidents have been raised. Government regulations for the automotive industry change frequently and adapting to these policies may be time-consuming for manufacturers. The road safety measure is increased due to road incidents and fatalities because of the lack of proper roads in rural regions of India. The Rising price of fuel puts a tremendous pressure on vehicle prices along with making them costlier and less affordable. New alternative source of energy for vehicle that is the electric vehicles requires bigger amount of money for manufacturing purposes. Adapting and implementing new technologies like autonomous driving systems is costlier, thus increasing the prices of vehicles.
Automotive Market in India Regional Insights
Regional analysis is conducted to assess the status of the Automotive Market in India in countries belonging to North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. The report provides a comprehensive analysis of several factors such as market size, growth rate, and import-export activities, across different regions. The Automotive Market in India is segmented broadly into these regions, allowing for a detailed understanding of the market landscape and dynamics in each geographical area.
To remain ‘ahead’ of your competitors, request for a sample :- https://www.maximizemarketresearch.com/request-sample/86126/
Automotive Market in India Segmentation
by Vehicle Type
Passenger Vehicles
Hatchbacks
Mini Hatchback
Small Hatchback
Sedans
SUVs
MUVs/ MPVs
Other
Commercial Vehicles
Truck
Bus
Light Commercial Vehicle (LCV)
Others
Two Wheelers
Motorcycles
Scooters
Electric Bikes
Three Wheelers
Auto Rickshaws
Goods Carriers
Others
by Type
Petrol
Diesel
Electric cars
Others
Automotive Market in India Key Players
1. Tata Motors Ltd
2. Maruti Suzuki India Ltd
3. Mahindra & Mahindra Ltd
4. Hero MotoCorp Ltd
5. Bajaj Auto Ltd
6. Ashok Leyland Ltd
7. TVS Motor Company Ltd
8. Eicher Motors Ltd
9. Force Motors Ltd
10. SML ISUZU Ltd.
11. Honda Motor Co., Ltd.
12. Hyundai Motor India
13. Daimler AG
14. Piaggio & C.S.p.a.
15. Toyota Motor Corporation
16. Volkswagen AG
17. AB Volvo
Key questions answered in the Automotive Market in India are:
- What is Automotive Market in India ?
- What was the Automotive Market in India size?
- What is the growth rate of the Automotive Market in India ?
- Which are the factors expected to drive the Automotive Market in India growth?
- What are the different segments of the Automotive Market in India ?
- What growth strategies are the players considering to increase their presence in Automotive Market in India ?
- What are the upcoming industry applications and trends for the Automotive Market in India ?
- What segments are covered in the Automotive Market in India ?
- Who are the leading companies and what are their portfolios in Automotive Market in India ?
- What segments are covered in the Automotive Market in India ?
- Who are the key players in the Automotive Market in India ?
Delve into further information by selecting the provided link:- https://www.maximizemarketresearch.com/market-report/automotive-market-in-india/86126/
Key Offerings:
- Past Market Size and Competitive Landscape
- Past Pricing and price curve by region
- Market Size, Share, Size & Forecast by Different Segment |
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
About Maximize Market Research:
Maximize Market Research is one of the fastest-growing market research and business consulting firms serving clients globally. Our revenue impact and focused growth-driven research initiatives make us a proud partner of majority of the Fortune 500 companies. We have a diversified portfolio and serve a variety of industries such as IT & telecom, chemical, food & beverage, aerospace & defense, healthcare and others.
Contact Maximize Market Research:
MAXIMIZE MARKET RESEARCH PVT. LTD.
⮝ 3rd Floor, Navale IT park Phase 2,
Pune Banglore Highway, Narhe
Pune, Maharashtra 411041, India.
✆ +91 9607365656
? sales@maximizemarketresearch.com
? www.maximizemarketresearch.com
Get More Related Reports:
Global Data Protection And Recovery Solutions Market https://www.maximizemarketresearch.com/market-report/global-data-protection-and-recovery-solutions-market/63954/
Luxury Packaging Market https://www.maximizemarketresearch.com/market-report/luxury-packaging-market/201321/
Webcams Market https://www.maximizemarketresearch.com/market-report/global-webcam-market/64368/
Bulldozer Market https://www.maximizemarketresearch.com/market-report/bulldozer-market/71128/
Bismuth Market https://www.maximizemarketresearch.com/market-report/global-bismuth-market/65271/
Comments (0)