Automotive Market in India size was accounted for 3.73 Mn Vehicles in 2021. Two Wheelers, one of the segments reviewed in our report is dominating the market.
Automotive Market Overview:
The competitive landscape of the Automotive Market includes information about competitors. The contents include a corporate overview, financials, revenue generated, market potential, investment in research and development, new market efforts, geographical presence, firm strengths and weaknesses, product introduction, and application dominance. The preceding data points are solely relevant to the businesses’ focus on the Automotive market.
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Automotive Market Scope:
This Automotive market report discusses new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, opportunities in terms of emerging revenue streams, changes in market regulations, strategic market growth analysis, market size, segmented market growth, application niches, and dominance, product approvals, product launches, geographic expansion For more information on the Automotive market, please contact Maximize Market Research for an Analyst Brief; our experts will assist you in making an informed market choice to achieve market growth.
Automotive Market Segmentation:
Two-wheelers and passenger cars dominate the local Indian auto market. The most common passenger cars are little and midsize ones. With combined sales of about 20.1 million vehicles in FY20, two-wheelers and passenger automobiles held 80.8% and 12.9% of the market share, respectively. From FY16 to FY20, total car exports grew at a CAGR of 6.94%, reaching 4.77 million vehicles in 2020. Two-wheelers made up 73.9% of all transported vehicles, while passenger cars made up 14.2%, three-wheelers made up 10.5%, and commercial vehicles made up 1.3%. Over 20.1 million vehicles totaled the combined sales of vehicles in FY20. In April 2021, the number of two-wheelers sold was 995,097, whereas the number of passenger vehicles sold was 261,633.
Market Size (Value) Estimates & Forecast by Type, 2021-2029
Petrol Operated
Diesel operated
Electric cars
Market Size (Value) Estimates & Forecast by Vehicle Type, 2021-2029
Passenger Vehicles
Commercial Vehicles
Electric Cars
Two Wheelers
Three Wheelers
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Automotive Market Key Players: The following are the key players of the Automotive market-
• Tata Motors Ltd
• Maruti Suzuki India Ltd
• Mahindra & Mahindra Ltd
• Hero MotoCorp Ltd
• Bajaj Auto Ltd
• Ashok Leyland Ltd
• TVS Motor Company Ltd
• Eicher Motors Ltd
• Force Motors Ltd
• SML ISUZU Ltd.
• Honda Motor Co., Ltd.
• Hyundai Motor India
• Daimler AG
• Piaggio & C.S.p.a.
• Toyota Motor Corporation
• Volkswagen AG
• AB Volvo
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Automotive Market Regional Analysis:
The geographical section of the research also includes individual market influencing variables and changes in market regulations that effect current and future market trends. Data points such as downstream and upstream value chain analysis, technology trends, porter’s five forces analysis, and case studies are only a few of the indicators used to forecast market scenarios for various countries.
COVID-19 Impact Analysis on Automotive Market: The research also addresses the impact of COVID-19 on the Automotive market. The basic purpose of this study is to help the user understand the market in terms of definition, segmentation, market potential, noteworthy trends, and the issues that the industry is facing across key regions. The study provides micro and macroeconomic analysis of the total impact of COVID-19 on the Automotive Market. The specific analysis focuses on market share and size, which clearly demonstrates the influence that the pandemic has had and will have on the worldwide Automotive Market in the next years.
Key Questions Answered in the Automotive Market Report are:
- What will be the CAGR of the Automotive market during the forecast period (2021-2027)?
- Which segment emerged as the leading segment in the Automotive market?
- Which are the prominent players in the Automotive market?
- What key trends are likely to emerge in the Automotive market in the forecast period?
- What will be the Automotive market size by 2027?
- Which company held the largest share in the Automotive market in 2020?
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