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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...

31 May 2023  |  South Asia, Middle East & North Africa  |  Market Outlook

Indian Passenger Vehicle Outlook, 2023

Alternative Fuel Vehicles, the Used Car Market, and Autonomous Driving Experiences are Key Focus Areas for Carmakers

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Domestic passenger vehicle (PV) sales grew by ~24.2% in FY23 owing to pent-up demand, better-than-expected festive demand, new product launches by major OEMs, and strong demand for utility vehicles. This study discusses the market size of the overall Indian PV market, key vehicle segments, and domestic sales forecasts up to FY28, considering the...

The circular economy for used electrical and electronic equipment (used EEE) in India is experiencing transformational growth as an expanding domestic electronics manufacturing industry, rapid digitalization, and shorter electronics replacement cycles intersect with a stricter policy environment and the rise of value-driven business models. The unr...

Vehicle leasing is seen as a solution to the growing problems faced by companies for their mobility needs, including vehicle funding, fleet maintenance and, more importantly, residual risk handling. Businesses in the present market conditions are focused on their core products/services and would like to outsource all other support activities. Mobil...

Space exploration is increasingly vital for many nations, impacting technology, industries, and global cooperation. This forces countries to develop space technology and capabilities via their space agencies. Over the years, India has made considerable advancements in the space industry, exploration, and technology and has positioned itself as a si...

In future conflicts, it will be essential for warfighters to maintain a robust and data-driven operational decision-making process. Supporting this capability, artificial intelligence (AI) is critical to enabling action at the speed of the digital battlespace, which will be far faster than the human ability to process and act on data. Practically, ...

A country profile is an instant guide to the political, economic, demographic, industrial, and business environment of a market. The report provides a range of quantitative and qualitative information on a variety of national aspects, including geography, economy, education, demography, labour, political climate, infrastructure, industry, tax, trad...

A country profile is an instant guide to the political, economic, demographic, industrial, and business environment of a market. The report provides a range of quantitative and qualitative information on a variety of national aspects, including geography, economy, education, demography, labour, political climate, infrastructure, industry, tax, trad...