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Indian Passenger Vehicle Outlook, 2023
Alternative Fuel Vehicles, the Used Car Market, and Autonomous Driving Experiences are Key Focus Areas for Carmakers
31-May-2023
South Asia, Middle East & North Africa
Market Outlook
$4,950.00
Special Price $4,455.00 save 10 %
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 factors driving and restraining its growth. Segmental shifts in the Indian PV market are evident from the rising number of participants and available models in the passenger car and UV segments. Competition is also especially intense in the growing UV segment.
The research entails the latest trends in the Indian PV market, such as alternative fuel vehicles, used cars, ADAS, in-car experience, and digitization, which will be the key focus areas for carmakers in the short term. It examines the key economic indicators for India, primarily the impact of the COVID-19 (second wave) pandemic on the country’s economy and the PV industry going forward. The study also outlines critical anticipated trends in the Indian PV industry, focus areas for new entrants, and segments forecast to be lucrative in the future.
Author: Seshasayee Tatineni
Why Is It Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top 3 Strategic Imperatives on the Indian Passenger Vehicle (PV) Industry
Growth Opportunities Fuel the Growth Pipeline Engine™
Top 5 Indian PV Industry Highlights of FY2023
FY2023 Indian PV Market: Forecast vs Actual
Top Predictions for FY2024
Top 5 Global Economic Highlights of 2022
Top 5 Global Economic Highlights of 2023
Global GDP Growth Expectations
Recessionary/Slowdown Expectations for Major Economies
Global GDP Growth Snapshot
Advanced Economy Predictions for 2023
Emerging Market Economy Predictions for 2023
2023 Regional Risks and Policy Direction
2023 Top Growth Opportunities by Region
Research Scope and Objectives
Market Segmentation
PV Classification, Definitions, and Key Models
PV Classification, Definitions, and Key Models (continued)
Production vs Domestic Sales vs Exports
Market Share by Segment and Powertrain
Overall Sales Volume Market Share
Competitor Overview
Vehicle Powertrain and Pricing Analysis
Vehicle Segment Positioning
PV Segment: Mini
PV Segment: Compact
PV Segment: Mid-size
PV Segment: Executive and Premium
PV Segment: Compact UV
PV Segment: UV1
PV Segment: UV2
PV Segment: UV3, UV4, and UV5
PV Segment: Van
Vehicle Sales by State
Connected, ADAS, and Electric Vehicle Penetration
CASE Roadmap
Notable Partnerships and Acquisitions
Top Trends Driving the Indian PV Market
Trend 1: Rise of CNG and Hybrid Powertrains
Trend 1: Rise of CNG and Hybrid Powertrains (continued)
Trend 2: Growth in the Used Car Market
Trend 3: Increasing Share of BEVs in the Indian PV Market
Trend 3: Increasing Share of BEVs in the Indian PV Market (continued)
Trend 4: Adoption of Level 2 ADAS
Trend 4: Adoption of Level 2 ADAS (continued)
Trend 4: Adoption of Level 2 ADAS (continued)
Trend 5: Connected Car Technology a USP for Carmakers
Trend 5: Connected Car Technology a USP for Carmakers (continued)
Trend 6: Multimodal Human-Machine Interaction (HMI)
Trend 6: Multimodal Human-Machine Interaction (HMI) (continued)
Trend 7: AR/VR and Digitization to Reshape New Vehicle Retail
Growth Drivers
Growth Restraints
Domestic Sales Forecast
Growth Opportunity 1: Utility Vehicles
Growth Opportunity 1: Utility Vehicles (continued)
Growth Opportunity 2: Alternative Fuel Vehicles
Growth Opportunity 2: Alternative Fuel Vehicles (continued)
Growth Opportunity 3: Advanced Driver Assistance Systems
Growth Opportunity 3: Advanced Driver Assistance Systems (continued)
Your Next Steps
Why Frost, Why Now?
List of Exhibits
List of Exhibits (continued)
List of Exhibits (continued)
Legal Disclaimer
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Impacting your company's future growth potential.
| Deliverable Type | Market Outlook |
|---|---|
| Author | seshasayee Tatineni |
| Industries | Automotive |
| No Index | No |
| Is Prebook | No |
| Keyword 1 | Passenger Vehicle Industry in India |
| Keyword 2 | Used Car Industry |
| Keyword 3 | Passenger Car Industry in India |
| Podcast | No |
| WIP Number | PE92-01-00-00-00 |