Explore more Categories
Artificial Intelligence involves the science and engineering of developing intelligent machines
The manufacturing world is at a cusp of a new revolution that will redefine conventional business models
IoT will have a major impact on businesses and consumers in the future
The world is creating 2.5 exabytes of data daily
Our research seeks to connect-the-dots across multiple trends
Personal Robots are Set to Be a $19 Billion Market
Strategic Analysis of BREXIT and its Implications to Industries, Economies and Societies
iFrost is a digital platform for interactive and dynamic reporting of data.
The TOEs are a great source of information which gives corporates critical information on companies to action for their strategic investments either as an open source platform or to collaborate and to develop successful products
Driven by Growing Domestic Consumption and Supported by Favorable Government Policies, the Passenger Vehicle market in India is Expected to Cross 4.7 Million Units in 2024
save 10 %
* Required Fields
Pay by invoice
Domestic sales in the Indian Passenger Vehicle (PV) market grew from 3.36 million units (FY2018) to 3.38 million units (FY2019). This study estimates the over market size of the Indian passenger vehicle industry as well as the segmental forecasts up to FY 2024, with due consideration on the various factors driving and restraining its growth. The segmental shifts in the PV industry in India are evident from the greater number of players and available models in the compact segment and the compact UV segments. The disparity within segments is also witnessed in the shifting segmental share within the passenger vehicle industry. Naturally, competition among market players has intensified in these ‘growing and popular’ segments. The OEM competitive market scenario is expected to be further impacted by the entry of new players in the market from FY2021. However, more than 50% of the market share remains with a single OEM. The industry has also witnessed a rapid growth and increasing popularity of a few market players, with their well-received new product launches in FY 2018-FY2019 and greater focus on rural segments. PV exports again witnessed a decline since FY2018. Exports declined between FY2018 and FY2019 is chiefly contributed to certain key factors including the trade barriers put forth by key export destination countries. This research entails the latest trends in the passenger vehicle industry. Pre-owned Cars e-Retailing has been a major disruptive trend impacting the industry. Move towards Active Safety Features is a trend witnessed in the PV industry. As airbags and sensors penetration increases incrementally across all vehicle segments and next logical step towards driver and passenger safety in India is expected to be active safety features. The ride-hailing and ride-sharing service categories are highly competitive space in India with few players having the major market share and new players entering the segment with innovative offerings and OEM tie-ups. This research also lays focus on trends in the region such as diesel decline, electrification and other technological trends such as connected cars among others. In terms of the connectivity trends, OEMs are introducing safety and security offerings through connectivity and also differentiating their car models by better infotainment systems. Further, Passenger Vehicle market in India is expected to witness increased diffusion of automotive transmission technologies such as AMT, CVT, DCT and S-AT. Out of these, certain transmission technologies are expected to higher diffusion than the others due to the OEM interest and affordability. This study analyses the key market drivers and restraints impacting the industry and concludes with the key strategic imperatives for growth and success in the industry.
Analysis of Urban Air Mobility and the Evolving Air Taxi Landscape
Indian Commercial Vehicle Reman Engine Market, 2018–2023
Future of Global Online Food Delivery Services Market, Forecast to 2025
Innovations in Lightweighting Materials and Manufacturing Processes, Automated Inspection Systems, Autonomous Car Perception, Electric Race Cars, and Fire Truck Cabs
ASEAN Automotive Market Quarterly Tracker, Singapore, Q4 2018
Strategic Analysis of TRATON SE, 2025
Brazil Automotive OEM’s Entry-Exit Strategies and Market Trends, 2019
Impact of Implementation of Bharat Stage VI (BS-VI) on Indian Commercial Vehicle Industry, FY 2019
Strategic Insight into the Global Autonomous Shuttle Market, Forecast to 2030
Innovations in MEMS LiDar, Autonomous Trucks and Cars, Head-up Displays, Artificial Intelligence, Hybrid Unmanned Vehicles, and Battery Safety
cloud security market
energy storage market
solar panel market
thermal spray coatings market
medical supplies market
Fill in the fields below to receive a sample report
Don't have an account? Create One!
Enter your Email Address here to receive a link to change password.
If you are an existing frost.com user, please register using the same email for seamless access
Already have an account? Login!
Use your Linkedin account to login or register within our store.You're just one click away.