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.
The report also helps in understanding Global Automotive Market in India Dynamics, structure by analyzing the market segments and project the Global Automotive Market in India size. Clear representation of comAutomotive Composites itive analysis of key players by type, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Automotive Market in India make the report investor’s guide.
Automotive Market in India Overview:
Automotive Market in India Research Report examined the current state of definitions, classifications, applications, and the structure of the industrial chain. The report gives objective expert comments on the current market condition, previous market performance, production and consumption rates, demand and supply ratios, and income generation estimates for the projected term. The Automotive Market in India report also provides information on the strategic aspirations and company growth plans of the major organizations operating in the Automotive Composites sector. Among the approaches examined in the study are mergers and acquisitions, government and corporate transactions, partnerships and collaborations, joint ventures, brand marketing, and product launches. To summarise what has already been discussed, the research presents a thorough picture of the Automotive Composites industry in both global and regional markets.
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Automotive Market in India segment analysis:
Two Wheelers Dominate the sales by Volume in the Market:
The local Indian car market is dominated by two-wheelers and passenger automobiles. Small and mid-sized cars are the most popular passenger vehicles. In FY20, two-wheelers and passenger cars accounted for 80.8% and 12.9% of the market share, respectively, with a combined sale of approximately 20.1 million vehicles. Total automobile exports increased at a CAGR of 6.94% from FY16 to FY20, reaching 4.77 million vehicles in 2020. Two-wheelers accounted for 73.9% of all vehicles shipped, with passenger vehicles accounting for 14.2%, three-wheelers accounting for 10.5 percent, and commercial vehicles accounting for 1.3%. Vehicles accounted for a combined sale of over 20.1 million vehicles in FY20. Two-wheeler sales stood at 995,097 units, while passenger vehicle sales stood at 261,633 units in April 2021.
Key players:
• 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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COVID-19 Impact on Automotive Market in India :
The COVID-19 outbreak has had a significant impact on the global Automotive Composites industry. Automotive Composites Production facilities have been halted due to the global economic slump and a lack of manpower. The COVID-19 pandemic has led to a significant and extended drop in production utilization, and travel prohibitions and facility closures have kept personnel away from their facilities, causing the Automotive Market in India to decelerate in 2020. The negative impact of COVID-19 on the Automotive Market in India , on the other hand, is expected to be transitory, and the sector is expected to revive significantly by early 2023
Regional Analysis:
The region portion of the research also provides key market influencing aspects and changes in market regulation that impact the market’s current and future trends. New sales, replacement sales, national demographics, regulatory actions, and import-export taxes are some of the major variables used to assess the market scenario for various locations. Furthermore, while providing forecast analysis of national data, the existence and availability of global brands, as well as the hurdles they encounter due to strong or weak comAutomotive Composites ition from local and domestic brands, as well as the effect of sales channels, are taken into account.
The research provides a comprehensive review of the Automotive Market in India ’s presence in various sectors and nations. The research analyst aims to discover hidden development potential that may be utilized by organizations in various parts of the world by doing a thorough geographical study of the sector. Global Automotive Market in India research provides exact knowledge that enables market participants to comAutomotive Composites e successfully with their greatest comAutomotive Composites itors based on growth, sales, and other crucial aspects. In the research study, significant market aspects such as market drivers and barriers are separated from essential development prospects and industry trends.
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