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The rising middle class in India favors innovative consumer electronics, including the flat panel display TV, which is becoming a smart TV with ubiquitous connectivity in an automated home of the modern man. The FPD TV market is witnessing a short replacement cycle due to technology dynamism. Despite huge demand, local capabilities on the manufactu...

Revival of economic growth is expected as phasing out of restrictions improves investor confidence, leading to consistent growth of the logistics industry from 2017. This industry is expected to benefit from investments related to the Iran’s Sixth Development Plan, which is likely to accelerate domestic economic activities, and contribute to the de...

The availability of digital pricing engines, the growth of online platforms, and the shift to organized platforms play a key role in market growth. Several companies, including Cars24, CarWale, CarDekho, Maruti Suzuki True Value, and Mahindra First Choice, offer various value-added services, such as vehicle inspection, free servicing, and easy fina...

23 Jan 2018  |  South Asia, Middle East & North Africa  |  Market Research

Indian Passenger Vehicles Market, Forecast to 2020

New Models Launched in the Super-compact, Mid-size, and Compact Sports Utility Vehicle Segment at Aggressive Pricings are Responsible for Driving the Indian Passenger Vehicle Market

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Driven by aggressive pricing and an increasing number of exports, passenger vehicle (PV) production in India is expected to grow at a CAGR of 9.0% from FY2015 to FY2020. New models—like Hyundai Xcent, Hyundai Creta, and Maruti Baleno—launched at aggressive pricing in different segments are responsible for driving the Indian PV market. Also, the lau...

India's passenger vehicle market is experiencing a digital transformation due to the rising consumer demand for smartphones and connected services, making in-vehicle infotainment a building block for HMI and transforming the vehicle cabin into a third living space or personalized digital hub.As the vehicle infotainment stack becomes smart, connecte...

India’s automotive HMI system market is experiencing a technological shift as more original equipment manufacturers (OEMs) introduce advanced infotainment systems with every new model launched. The growing demand for comfort, convenience, safety, and security has boosted the market for cars with advanced HMI features, more connected technologies, a...

The GCC automotive market was severely affected by the economic downturn arising from decline in oil prices. The region is however aiming to diversify its economy to decrease its reliance on the oil sector. This will prevent the oil price from having such a significant impact on its economy. Commercial vehicle (CV) sales have dropped year after ye...

With air pollution becoming a health hazard, there is very little that citizens can do to immediately address the problem; this is where the air purifier comes into play. In recent years, the air purifier market has witnessed a hike in demand fueled by degrading air quality and increasing concern toward health issues. The air purifier industry is d...

The Indian Consumer appliances market has witnessed robust growth trends in the past 5 years and is expected to foresee double digit growth reinforced by surging rural consumption, reducing replacement cycles, increasing penetration of lifestyle appliances, and availability of multiple brands at various price points. Rapidly shrinking replacement c...