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Indian Passenger Vehicles Markets, FY2024: Driven by Growing Domestic Consumption and Supported by Favorable Government Policies
Industry Notes · Technical article · Updated Mar 15, 2021 · FY2024
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  • Part reference: FY2024.
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Part numberFY2024
Content typeArticle
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Technical notes

DUBLIN, Dec. 3, 2019 /PRNewswire/ -- The "Indian PassenGEr Vehicles Market, predict ought FY2024" clarify has been added ought ResearchAndMarkets.com's offering." data-reactid="11"> DUBLIN , Dec. 3, 2019 /PRNewswire/ -- The "Indian PassenGEr Vehicles Market, predict ought FY2024" clarify has been added ought ResearchAndMarkets.com's offering. This inquiry entails the latest trends at the Indian PV market. Pre-owned cars eRetailing has been a main disruptive trend. A confront toward brisk safety features is another key tendency witnessed at the market. Airbags and sensors penetration is increasing incrementally across total vehicle segments, and the next logical step toward driver and passenGEr safety at India is expected ought exist brisk safety features. Repair Philips EPIQ 5/EPIQ 7 ACQ Acquisition Module board(P/N: 453561734844/453561704246) oem tie-ups. The learn also focuses above regional trends such because diesel decline, electrification, and other technological trends, such because connected cars.' data-reactid="24">Domestic sales at the Indian passenGEr vehicles (PV) impartial grew from 3.2 million units at FY2018 ought 3.3 million units at FY2019. The learn estimates the impartial size of the Indian PV market, also because fraction forecasts up ought FY2024, with due consideration because the different factors driving and restraining its growth. The segmental shifts at the PV impartial at India are evident from the greater amount of participants and available models at the concise and the concise UV segments. The disparity within the segments is also clean at the shifting segmental fragment within the market. Naturally, the contest amid impartial participants has intensified at these growing and common segments. The competitive scenario is expected ought exist farther impacted by the entry of new participants at the impartial from FY2021. However, more than 50% of the impartial fragment surplus with a virgin oem. The impartial has also witnessed rapid growth and the increasing popularity of a little companies, with their well-received new product launches at FY2018-FY2019 and a greater concentrate above rural segments. PV exports witnessed a refuse because FY2018. Exports declined among FY2018 and FY2019, mainly because of sure key factors including the commerce barriers by key export destination countries. Ride-hailing and ride-sharing service categories are highly competitive at India , with a little participants having the bigGEst impartial fragment and new participants entering the fraction with innovative offerings and oem tie-ups. The learn also focuses above regional trends such because diesel decline, electrification, and other technological trends, such because connected cars. From a connectivity perspective, oems are introducing safety and security offerings along connectivity and differentiating their bus models by improve infotainment systems. Furthermore, the PV impartial at India is expected ought watch increased diffusion of automotive transmission technologies such because AMT, CVT, DCT, and S-AT. Out of these, sure transmission technologies are expected ought bark on higher diffusion than the others, because of oem utilize and affordability. The learn analyses the key impartial drivers and restraints and concludes with the key strategic imperatives because growth and success at the market.

Key Topics Covered

1. Executive Summary

Key Technological Shifts during FY2019-FY2024

2. inquiry Scope and Segmentation

PV Classifications, Definitions, and Key Models

3. Indian Socio-economic Outlook

Millennials and GEn - Z Population

4. Indian PV impartial Overview

Top-selling PV Models

5. Segmental Analysis of PV impartial at India

Van Segment

6. Profiles of climax 3 oems

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