Automotive Market in India 2023-2027

Description

List of Tables

The automotive market in India is forecasted to grow by USD 47.83 bn during 2022-2027, accelerating at a CAGR of 7.12% during the forecast period. The report on the automotive market in India provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by a growing middle-class population, advances in the field of automotive technology, and government initiatives and policies for easy automotive industry setup procedures.

Technavio's automotive market in India is segmented as below:

Market Scope
Base Year	2022
End Year	2027
Series Year	2023-2027
Growth Momentum	Accelerate
YOY 2023	5.81%
CAGR	7.12%
Incremental Value	$47.83bn

By Type

Two-wheelers
Passenger cars
Commercial vehicles
Three-wheelers

By Fuel Type

Diesel
Petrol
CNG and LPG
Electric

By Distribution Channel

Offline
Online

This study identifies the rise in demand for electric vehicles as one of the prime reasons driving the automotive market in India growth during the next few years. Also, a growing preference for connected cars and a surge in demand for compact SUVs will lead to sizable demand in the market.

The report on the automotive market in India covers the following areas:

Automotive market in India sizing
Automotive market in India forecast
Automotive market in India industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading automotive market in India vendors that include Bajaj Auto Ltd., Daimler Truck AG, Eicher Motors Ltd., Force Motors Ltd., Ford Motor Co., General Motors Co., Hero Motors Co., Hinduja Group Ltd., Hindustan Motors Ltd., Honda Motor Co. Ltd., Hyundai Motor Co., Kia Motors Corp., Mahindra and Mahindra Ltd., Nissan Motor Co. Ltd., Piaggio and C. Spa, Renault SAS, Suzuki Motor Corp., Tata Motors Ltd., TVS Motor Co. Ltd., and Volkswagen AG. Also, the automotive market in India analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Product Code: IRTNTR76521

1 Executive Summary

1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Country Market Characteristics
Exhibit 04: Executive Summary - Chart on Market Segmentation by Type
Exhibit 05: Executive Summary - Chart on Market Segmentation by Fuel Type
Exhibit 06: Executive Summary - Chart on Market Segmentation by Distribution Channel
Exhibit 07: Executive Summary - Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
Exhibit 08: Parent market
Exhibit 09: Market Characteristics

3 Market Sizing

3.1 Market definition
Exhibit 10: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 11: Market segments
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
Exhibit 12: Chart on India - Market size and forecast 2022-2027 ($ billion)
Exhibit 13: Data Table on India - Market size and forecast 2022-2027 ($ billion)
Exhibit 14: Chart on India: Year-over-year growth 2022-2027 (%)
Exhibit 15: Data Table on India: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

4.1 Automotive market in India 2017 - 2021
Exhibit 16: Historic Market Size - Data Table on automotive market in India 2017 - 2021 ($ billion)
4.2 Type Segment Analysis 2017 - 2021
Exhibit 17: Historic Market Size - Type Segment 2017 - 2021 ($ billion)
4.3 Fuel Type Segment Analysis 2017 - 2021
Exhibit 18: Historic Market Size - Fuel Type Segment 2017 - 2021 ($ billion)
4.4 Distribution Channel Segment Analysis 2017 - 2021
Exhibit 19: Historic Market Size - Distribution Channel Segment 2017 - 2021 ($ billion)

5 Five Forces Analysis

5.1 Five forces summary
Exhibit 20: Five forces analysis - Comparison between 2022 and 2027
5.2 Bargaining power of buyers
Exhibit 21: Chart on Bargaining power of buyers - Impact of key factors 2022 and 2027
5.3 Bargaining power of suppliers
Exhibit 22: Bargaining power of suppliers - Impact of key factors in 2022 and 2027
5.4 Threat of new entrants
Exhibit 23: Threat of new entrants - Impact of key factors in 2022 and 2027
5.5 Threat of substitutes
Exhibit 24: Threat of substitutes - Impact of key factors in 2022 and 2027
5.6 Threat of rivalry
Exhibit 25: Threat of rivalry - Impact of key factors in 2022 and 2027
5.7 Market condition
Exhibit 26: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Type

6.1 Market segments
Exhibit 27: Chart on Type - Market share 2022-2027 (%)
Exhibit 28: Data Table on Type - Market share 2022-2027 (%)
6.2 Comparison by Type
Exhibit 29: Chart on Comparison by Type
Exhibit 30: Data Table on Comparison by Type
6.3 Two-wheelers - Market size and forecast 2022-2027
Exhibit 31: Chart on Two-wheelers - Market size and forecast 2022-2027 ($ billion)
Exhibit 32: Data Table on Two-wheelers - Market size and forecast 2022-2027 ($ billion)
Exhibit 33: Chart on Two-wheelers - Year-over-year growth 2022-2027 (%)
Exhibit 34: Data Table on Two-wheelers - Year-over-year growth 2022-2027 (%)
6.4 Passenger cars - Market size and forecast 2022-2027
Exhibit 35: Chart on Passenger cars - Market size and forecast 2022-2027 ($ billion)
Exhibit 36: Data Table on Passenger cars - Market size and forecast 2022-2027 ($ billion)
Exhibit 37: Chart on Passenger cars - Year-over-year growth 2022-2027 (%)
Exhibit 38: Data Table on Passenger cars - Year-over-year growth 2022-2027 (%)
6.5 Commercial vehicles - Market size and forecast 2022-2027
Exhibit 39: Chart on Commercial vehicles - Market size and forecast 2022-2027 ($ billion)
Exhibit 40: Data Table on Commercial vehicles - Market size and forecast 2022-2027 ($ billion)
Exhibit 41: Chart on Commercial vehicles - Year-over-year growth 2022-2027 (%)
Exhibit 42: Data Table on Commercial vehicles - Year-over-year growth 2022-2027 (%)
6.6 Three-wheelers - Market size and forecast 2022-2027
Exhibit 43: Chart on Three-wheelers - Market size and forecast 2022-2027 ($ billion)
Exhibit 44: Data Table on Three-wheelers - Market size and forecast 2022-2027 ($ billion)
Exhibit 45: Chart on Three-wheelers - Year-over-year growth 2022-2027 (%)
Exhibit 46: Data Table on Three-wheelers - Year-over-year growth 2022-2027 (%)
6.7 Market opportunity by Type
Exhibit 47: Market opportunity by Type ($ billion)
Exhibit 48: Data Table on Market opportunity by Type ($ billion)

7 Market Segmentation by Fuel Type

7.1 Market segments
Exhibit 49: Chart on Fuel Type - Market share 2022-2027 (%)
Exhibit 50: Data Table on Fuel Type - Market share 2022-2027 (%)
7.2 Comparison by Fuel Type
Exhibit 51: Chart on Comparison by Fuel Type
Exhibit 52: Data Table on Comparison by Fuel Type
7.3 Diesel - Market size and forecast 2022-2027
Exhibit 53: Chart on Diesel - Market size and forecast 2022-2027 ($ billion)
Exhibit 54: Data Table on Diesel - Market size and forecast 2022-2027 ($ billion)
Exhibit 55: Chart on Diesel - Year-over-year growth 2022-2027 (%)
Exhibit 56: Data Table on Diesel - Year-over-year growth 2022-2027 (%)
7.4 Petrol - Market size and forecast 2022-2027
Exhibit 57: Chart on Petrol - Market size and forecast 2022-2027 ($ billion)
Exhibit 58: Data Table on Petrol - Market size and forecast 2022-2027 ($ billion)
Exhibit 59: Chart on Petrol - Year-over-year growth 2022-2027 (%)
Exhibit 60: Data Table on Petrol - Year-over-year growth 2022-2027 (%)
7.5 CNG and LPG - Market size and forecast 2022-2027
Exhibit 61: Chart on CNG and LPG - Market size and forecast 2022-2027 ($ billion)
Exhibit 62: Data Table on CNG and LPG - Market size and forecast 2022-2027 ($ billion)
Exhibit 63: Chart on CNG and LPG - Year-over-year growth 2022-2027 (%)
Exhibit 64: Data Table on CNG and LPG - Year-over-year growth 2022-2027 (%)
7.6 Electric - Market size and forecast 2022-2027
Exhibit 65: Chart on Electric - Market size and forecast 2022-2027 ($ billion)
Exhibit 66: Data Table on Electric - Market size and forecast 2022-2027 ($ billion)
Exhibit 67: Chart on Electric - Year-over-year growth 2022-2027 (%)
Exhibit 68: Data Table on Electric - Year-over-year growth 2022-2027 (%)
7.7 Market opportunity by Fuel Type
Exhibit 69: Market opportunity by Fuel Type ($ billion)
Exhibit 70: Data Table on Market opportunity by Fuel Type ($ billion)

8 Market Segmentation by Distribution Channel

8.1 Market segments
Exhibit 71: Chart on Distribution Channel - Market share 2022-2027 (%)
Exhibit 72: Data Table on Distribution Channel - Market share 2022-2027 (%)
8.2 Comparison by Distribution Channel
Exhibit 73: Chart on Comparison by Distribution Channel
Exhibit 74: Data Table on Comparison by Distribution Channel
8.3 Offline - Market size and forecast 2022-2027
Exhibit 75: Chart on Offline - Market size and forecast 2022-2027 ($ billion)
Exhibit 76: Data Table on Offline - Market size and forecast 2022-2027 ($ billion)
Exhibit 77: Chart on Offline - Year-over-year growth 2022-2027 (%)
Exhibit 78: Data Table on Offline - Year-over-year growth 2022-2027 (%)
8.4 Online - Market size and forecast 2022-2027
Exhibit 79: Chart on Online - Market size and forecast 2022-2027 ($ billion)
Exhibit 80: Data Table on Online - Market size and forecast 2022-2027 ($ billion)
Exhibit 81: Chart on Online - Year-over-year growth 2022-2027 (%)
Exhibit 82: Data Table on Online - Year-over-year growth 2022-2027 (%)
8.5 Market opportunity by Distribution Channel
Exhibit 83: Market opportunity by Distribution Channel ($ billion)
Exhibit 84: Data Table on Market opportunity by Distribution Channel ($ billion)

9 Customer Landscape

9.1 Customer landscape overview
Exhibit 85: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 86: Impact of drivers and challenges in 2022 and 2027
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
Exhibit 87: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 88: Overview on factors of disruption
11.4 Industry risks
Exhibit 89: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
Exhibit 90: Vendors covered
12.2 Market positioning of vendors
Exhibit 91: Matrix on vendor position and classification
12.3 Bajaj Auto Ltd.
Exhibit 92: Bajaj Auto Ltd. - Overview
Exhibit 93: Bajaj Auto Ltd. - Business segments
Exhibit 94: Bajaj Auto Ltd. - Key offerings
Exhibit 95: Bajaj Auto Ltd. - Segment focus
12.4 Daimler Truck AG
Exhibit 96: Daimler Truck AG - Overview
Exhibit 97: Daimler Truck AG - Business segments
Exhibit 98: Daimler Truck AG - Key offerings
Exhibit 99: Daimler Truck AG - Segment focus
12.5 Eicher Motors Ltd.
Exhibit 100: Eicher Motors Ltd. - Overview
Exhibit 101: Eicher Motors Ltd. - Product / Service
Exhibit 102: Eicher Motors Ltd. - Key offerings
12.6 Ford Motor Co.
Exhibit 103: Ford Motor Co. - Overview
Exhibit 104: Ford Motor Co. - Business segments
Exhibit 105: Ford Motor Co. - Key news
Exhibit 106: Ford Motor Co. - Key offerings
Exhibit 107: Ford Motor Co. - Segment focus
12.7 General Motors Co.
Exhibit 108: General Motors Co. - Overview
Exhibit 109: General Motors Co. - Business segments
Exhibit 110: General Motors Co. - Key news
Exhibit 111: General Motors Co. - Key offerings
Exhibit 112: General Motors Co. - Segment focus
12.8 Hero Motors Co.
Exhibit 113: Hero Motors Co. - Overview
Exhibit 114: Hero Motors Co. - Product / Service
Exhibit 115: Hero Motors Co. - Key offerings
12.9 Hinduja Group Ltd.
Exhibit 116: Hinduja Group Ltd. - Overview
Exhibit 117: Hinduja Group Ltd. - Product / Service
Exhibit 118: Hinduja Group Ltd. - Key offerings
12.10 Honda Motor Co. Ltd.
Exhibit 119: Honda Motor Co. Ltd. - Overview
Exhibit 120: Honda Motor Co. Ltd. - Business segments
Exhibit 121: Honda Motor Co. Ltd. - Key news
Exhibit 122: Honda Motor Co. Ltd. - Key offerings
Exhibit 123: Honda Motor Co. Ltd. - Segment focus
12.11 Hyundai Motor Co.
Exhibit 124: Hyundai Motor Co. - Overview
Exhibit 125: Hyundai Motor Co. - Business segments
Exhibit 126: Hyundai Motor Co. - Key news
Exhibit 127: Hyundai Motor Co. - Key offerings
Exhibit 128: Hyundai Motor Co. - Segment focus
12.12 Mahindra and Mahindra Ltd.
Exhibit 129: Mahindra and Mahindra Ltd. - Overview
Exhibit 130: Mahindra and Mahindra Ltd. - Business segments
Exhibit 131: Mahindra and Mahindra Ltd. - Key news
Exhibit 132: Mahindra and Mahindra Ltd. - Key offerings
Exhibit 133: Mahindra and Mahindra Ltd. - Segment focus
12.13 Piaggio and C. Spa
Exhibit 134: Piaggio and C. Spa - Overview
Exhibit 135: Piaggio and C. Spa - Business segments
Exhibit 136: Piaggio and C. Spa - Key offerings
Exhibit 137: Piaggio and C. Spa - Segment focus
12.14 Suzuki Motor Corp.
Exhibit 138: Suzuki Motor Corp. - Overview
Exhibit 139: Suzuki Motor Corp. - Business segments
Exhibit 140: Suzuki Motor Corp. - Key offerings
Exhibit 141: Suzuki Motor Corp. - Segment focus
12.15 Tata Motors Ltd.
Exhibit 142: Tata Motors Ltd. - Overview
Exhibit 143: Tata Motors Ltd. - Business segments
Exhibit 144: Tata Motors Ltd. - Key news
Exhibit 145: Tata Motors Ltd. - Key offerings
Exhibit 146: Tata Motors Ltd. - Segment focus
12.16 TVS Motor Co. Ltd.
Exhibit 147: TVS Motor Co. Ltd. - Overview
Exhibit 148: TVS Motor Co. Ltd. - Business segments
Exhibit 149: TVS Motor Co. Ltd. - Key news
Exhibit 150: TVS Motor Co. Ltd. - Key offerings
Exhibit 151: TVS Motor Co. Ltd. - Segment focus
12.17 Volkswagen AG
Exhibit 152: Volkswagen AG - Overview
Exhibit 153: Volkswagen AG - Business segments
Exhibit 154: Volkswagen AG - Key offerings
Exhibit 155: Volkswagen AG - Segment focus

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 156: Inclusions checklist
Exhibit 157: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 158: Currency conversion rates for US$
13.4 Research methodology
Exhibit 159: Research methodology
Exhibit 160: Validation techniques employed for market sizing
Exhibit 161: Information sources
13.5 List of abbreviations
Exhibit 162: List of abbreviations