Passenger Vehicles Market in India (2018-2023) with Category wise share on Utility vehicles, Passenger cars, Vans, and Export-Import data

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  • Market insights:

    India is the fifth-largest automotive industry in the world. The production of passenger vehicles is expected to expand at a compound annual growth rate (CAGR) of 8.7% from 2015 to 2023, due to increasing exports and aggressive pricing policies of the market players. It is expected that the domestic sale of passenger vehicles will expand at a CAGR of 16.8% during the same period. The western zone of India (Punjab, Uttar Pradesh, Haryana, Rajasthan, Gujarat, Goa, and Maharashtra) has recorded the highest sale of passenger vehicles (30%) during April-June 2018. Maruti Suzuki India Ltd. (MSI) has emerged as the largest seller (~56-57%) by unit, during May 2017-May 2018, with MSI Alto being the highest sold model.

    Passenger Vehicles Market in India (2018-2023)

    Passenger car market insights:

    The market size of passenger cars has shown a constant year-on-year (YoY) growth of 1%, based on units, during FY 2011-FY 2017. However, it is estimated that the market will continue to grow at a YoY rate of 11.6% during the period of FY 2017-FY 2026.

    Utility vehicles market insights:

    During the period FY 2011-FY 2017, the volume of utility vehicles have grown from 3,24,000 units in

    FY 2011 to 7,62,000 units in FY 2017, rising at a CAGR of ~15.3%. It is anticipated that the growth rate between FY 2017 and FY 2026 will be ~18.5%.

    Export-import:

    The largest export destination of Indian passenger vehicles is Mexico. In FY 2017, the highest number of import has been recorded from the United Kingdom (U.K.), followed by Germany and Sweden.

    Government initiatives and investments:

    Under the Automotive Mission Plan 2016-2026 (AMP 2026) of the Indian government, the passenger vehicles market is expected to reach 13 million units by FY 2026. Also, the government’s mission to build a green India has been emphasized by enforcing BS IV emission regulations in April 2017, and BS VI emissions slated for April 2020. Moreover, the Indian government has also allowed 100% foreign direct investment (FDI) in the automobile industry. As a result, in 2018, Suzuki Motor Corp announced an investment of ~INR 196 Bn over the next three years. In 2017, Tata Motors had announced an investment of INR 25 Bn to boost its passenger vehicle business.

    Key growth drivers of the market:

    An increasing working population and rise in the income of the middle class has emerged as one of the key demand drivers of the passenger cars market.

    With the implementation of goods and services tax (GST), 28% tax is now levied on passenger cars. The biggest beneficiaries are the luxury car manufacturers since the prices of petrol cars has come down by 1-2%, and diesel cars by almost 3%.

    Key deterrents to the growth of the market:

    Demonetization has hit the Indian passenger vehicles industry hard, resulting in a decline in the total vehicle sales by ~18.66% since December 2016. From July 2017 to July 2018, the domestic sale of passenger vehicles declined by 2.71% to 290,960 units.

    The banning of BS III vehicles has shown an imperative impact on the automotive industry. This is because for meeting the BS IV regulations, manufacturers are required to go through several reengineering processes thus increasing the overall manufacturing cost.

    Companies covered:

    Mahindra & Mahindra Ltd.

    Maruti Suzuki India Ltd.

    Tata Motors Ltd.

    Ford India Pvt. Ltd.

    Honda Cars India Ltd.

    Hyundai Motor India Ltd.

    Renault India Pvt. Ltd.

    Toyota Kirloskar Motor Pvt. Ltd.

    Volkswagen India Pvt. Ltd.

     

  • With tables and figures helping analyze worldwide Passenger Vehicles market, this research provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.

    Chapter 1: Executive summary
    Chapter 2: Socio-economic indicators
    Chapter 3: Introduction
    3.1. Passenger vehicles market definition and structure
    Chapter 4: India passenger vehicles market
    4.1. Market overview
    4.2. Domestic sale of passenger vehicles - market size and growth forecast - volume-wise (FY 2015-FY 2023e)
    4.3. Production of passenger vehicles - market size and growth forecast - volume-wise (FY 2015-FY 2023e)
    4.4. Historical market size and growth of passenger cars - volume-wise (FY 2011-FY 2017)
    4.5. Forecasted market size and growth of passenger cars - volume-wise (FY 2017-FY 2026e)
    4.6. PESTEL analysis
    Chapter 5: India utility vehicles market
    5.1. Historical market size and growth - volume-wise (FY 2011-FY 2017)
    5.2. Forecasted market size and growth - volume- wise (FY 2017-FY 2026e)
    Chapter 6: India vans market
    6.1. Historical market size and growth - volume-wise (FY 2011-FY 2017)
    6.2. Forecasted market size and growth - volume- wise (FY 2017-FY 2026e)
    Chapter 7: India passenger vehicles market segmentation
    7.1. Category-wise market share - based on type - percentage split (2018)
    o Passenger cars
    o Utility vehicles
    o Vans
    7.2. Category-wise market share - based on fuel - Percentage split (2018)
    o Petrol
    o Diesel
    7.3. Region-wise sales - percentage split (2018)
    o North Zone
    o East Zone
    o West Zone
    o South Zone
    7.4. State-wise sales - percentage split (2018)
    o Maharashtra
    o Uttar Pradesh
    o Gujarat
    o Kerala
    o Karnataka
    o Tamil Nadu
    7.5. Player-wise sales - units sold - percentage split (2017-2018)
    o Maruti Suzuki India Ltd.
    o Hyundai Motor India Ltd.
    o Mahindra & Mahindra Ltd.
    o Tata Motors Ltd.
    o Honda Cars India Ltd.
    o Toyota Kirloskar Motor Pvt. Ltd.
    o Ford India Pvt. Ltd.
    7.6. Product-wise segmentation - percentage split (2018)
    o MSI Alto
    o MSI Dzire
    o MSI Baleno
    o MSI Swift
    o MSI Wagon R
    o MSI Vitara Brezza
    o Hyundai Creta
    o Hyundai Grand i10
    o Hyundai Elite i20
    o MSI Celerio
    7.7. Player-wise segmentation - top-five companies based on sales - percentage split (2017-2018)
    o Maruti Suzuki
    o Hyundai Motor India
    o Mahindra & Mahindra
    o Tata Motors
    o Honda Cars India
    Chapter 8: Trade analysis
    8.1. Export of passenger vehicles
    Value-wise
    Volume-wise
    Country-wise
    8.2. Import of passenger vehicles
    Value-wise
    Volume-wise
    Country-wise
    Chapter 9: Key growth drivers of the market
    Chapter 10: Key deterrents to the growth of the market
    Chapter 11: Competitive landscape
    11.1. Porter’s five forces analysis
    11.2. Mahindra & Mahindra Ltd.
    o Corporate information
    o Business description
    o Products and services
    o Key people
    o Financial snapshot (total income, net profit/loss)
    o Key ratios
    o Business segments, geographical segments
    11.3. Maruti Suzuki India Ltd.
    o Corporate information
    o Business description
    o Products and services
    o Key people
    o Financial snapshot (total income, net profit/loss)
    o Key ratios
    o Business segments, geographical segments
    11.4. Tata Motors Ltd.
    o Corporate information
    o Business description
    o Products and services
    o Key people
    o Financial snapshot (total income, net profit/loss)
    o Key ratios
    o Business segments, geographical segments
    11.5. Ford India Pvt. Ltd.
    o Corporate information
    o Business description
    o Products and services
    o Key people
    11.6. Honda Cars India Ltd.
    o Corporate information
    o Business description
    o Products and services
    o Key people
    11.7. Hyundai Motor India Ltd
    o Corporate information
    o Business description
    o Products and services
    o Key people
    11.8. Renault India Pvt. Ltd.
    o Corporate information
    o Business description
    o Products and services
    o Key people
    11.9. Toyota Kirloskar Motor Pvt. Ltd.
    o Corporate information
    o Business description
    o Products and services
    o Key people
    11.10. Volkswagen India Pvt. Ltd.
    o Corporate information
    o Business description
    o Products and services
    o Key people
    Chapter 12: Recent developments
    Appendix

     

  • The Passenger Vehicles Market has been segregated into various crucial divisions including applications, types, and regions. Each market segment is intensively studied in the report contemplating its market acceptance, worthiness, demand, and growth prospects. The segmentation analysis will help the client to customize their marketing approach to have a better command of each segment and to identify the most prospective customer base.

    Report Objectives / Segmentation Covered :
    By Companies / players:
      By Regions:
        By Type:
          By Application:
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          Research objectives

          Where will all these developments take the industry in the long

          To study and analyze the global Market consumption (value & volume) by key regions/countries, product type and application, history data from 2015 to 2019, and forecast to 2025.

          What are the future opportunities in the market?

          To understand the structure of Market by identifying its various subsegments.

          What are the major driving forces expected to impact the development of the market market across different regions?

          To analyze the market with respect to individual growth trends, future prospects, and their contribution to the total market.

          Which industry trends are likely to shape the future of the industry during the forecast period 2020-2025?

          To project the consumption of market submarkets, with respect to key regions.

          Who are the major driving forces expected to decide the fate of the industry worldwide.

          To strategically profile the key players and comprehensively analyze their growth strategies.

          What are the key barriers and threats believed to hinder the development of the industry?

          To analyze competitive developments such as expansions,agreements, new product launches, and acquisitions in the market.

          Who are the prominent market players making a mark in the market with their winning strategies?

          To share detailed information about the key factors influencing the growth of the market

          What will be the growth rate and the market size of the industry for the forecast period 2020-2025?

          Focuses on the key global market Vendors, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.

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