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Indian Passenger Vehicles Market, Forecast to FY2024
Indian Passenger Vehicles Market, Forecast to FY2024
Driven by Growing Domestic Consumption and Supported by Favorable Government Policies, the Market is Expected to Cross 4.7 Million Units in FY2024
15-Nov-2019
South Asia, Middle East & North Africa
$3,000.00
Special Price $2,250.00 save 25 %
Description
Domestic sales in the Indian passenger vehicles (PV) market grew from 3.2 million units in FY2018 to 3.3 million units in FY2019. The study estimates the market size of the Indian PV market, as well as segment forecasts up to FY2024, with due consideration for the various factors driving and restraining its growth. The segmental shifts in the PV market in India are evident from the greater number of participants and available models in the compact and the compact UV segments. The disparity within the segments is also clear in the shifting segmental share within the market.
Naturally, the competition among market participants has intensified in these growing and popular segments. The competitive scenario is expected to be further impacted by the entry of new participants in the market from FY2021. However, more than 50% of the market share remains with a single OEM. The market has also witnessed rapid growth and increasing popularity of a few companies, with their well-received new product launches in FY2018–FY2019 and greater focus on rural segments. PV exports witnessed a decline since FY2018. Exports declined between FY2018 and FY2019, chiefly owing to certain key factors including the trade barriers by key export destination countries.
This research entails the latest trends in the Indian PV market. Pre-owned cars eRetailing has been a major disruptive trend. A move toward active safety features is another key trend witnessed in the market. Airbags and sensors penetration is increasing incrementally across all vehicle segments, and the next logical step toward driver and passenger safety in India is expected to be active safety features.
Ride-hailing and ride-sharing service categories are highly competitive in India, with a few participants having the biggest market share and new participants entering the segment with innovative offerings and OEM tie ups. The study also focuses on regional trends such as diesel decline, electrification, and other technological trends, such as connected cars. From a connectivity perspective, OEMs are introducing safety and security offerings through connectivity and differentiating their car models by better infotainment systems. Furthermore, the PV 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 see higher diffusion than the others, due to OEM interest and affordability. The study analyses the key market drivers and restraints and concludes with the key strategic imperatives for growth and success in the market.
Table of Contents
Market Highlights—FY2019
Market Highlights—FY2019 (continued)
Market Highlights—FY2019 (continued)
PV Market Trends
Top 6 Takeaways of FY2019
Performance of PV Companies in FY2019
Top 3 Predictions for PV Market
Key Technological Shifts During FY2019–FY2024
Research Scope
Vehicle Segmentation
PV Classifications, Definitions, and Key Models
PV Classifications, Definitions, and Key Models (continued)
Key Macroeconomic Factors/Indicators
GDP Growth Rate
Ease of Doing Business Index
India’s Macroeconomic Outlook
Millennials and Gen-Z Population
PV Market Trends
PV Segment Trends
India FY2019—Monthly Sales Trend
Performance of PV Companies in FY2019
Top-selling PV Models
Mini Segment
Compact Segment
Super Compact Segment
Mid-size Segment
Executive and Premium Segments
Compact UV Segment
UV 2 Segment
Other UV Segments (UV 3 to UV 5)
Van Segment
Maruti Suzuki India Limited
Maruti Suzuki India Limited (continued)
Hyundai Motor
Hyundai Motor (continued)
Mahindra and Mahindra Ltd
Mahindra and Mahindra Ltd (continued)
Key Trends Impacting the PV Market
Trend 1—Pre-owned Cars eRetailing Trends
Trend 2—Move Toward Active Safety Features
Trend 3—Alternate Fuel-driven PVs Expected to Get Popular
Trend 4—Entry of Chinese Participants in the Indian PV market
Trend 5—Impact of New Entrants in the PV Market in India
Trend 6—Connectivity Trends in India—Key OEM Roadmap
Trend 6—Connectivity Trends in India—Key Offerings
Trend 7—Decline of Exports
Trend 8—xEV Passenger Cars in India—Technology Split for FY2024
Trend 9—Compact Segment Overtaking Mini Segment
Trend 9—Compact Segment Overtaking Mini Segment (continued)
Trend 10—Declining Market Share for Diesel Vehicles
Evolution of BS Norms in India
BS-IV to BS-VI Transformation—Reduction in Emission Caps
Bharat New Vehicle Safety Assessment Program (BNVSAP)
xEV Passenger Cars in India—Technology Split for FY2024
Powertrain Trends—EV Market Analysis
Powertrain Trends—EV Existing Products and Launch Roadmap
Powertrain Trends—Declining Market Share for Diesel Vehicles
Powertrain Trends—OEM Diesel Strategy
Powertrain Trends—Maruti Suzuki BS-VI Compliance
Powertrain Trends—Hyundai BS-VI Compliance
Powertrain Trends—M&M BS-VI Compliance
Transmission Outlook—Shift to Automatic Transmission
Transmission Outlook—OEMs Automatic Transmission Strategy
Transmission Outlook—OEMs Automatic Transmission Strategy (continued)
Safety Outlook—Bharat New Vehicle Safety Assessment Program (BNVSAP)
Safety Outlook—Airbag Penetration: OEM-wise Usage
Safety Outlook—Move Toward Active Safety Features
Safety Outlook—Customer Trends in India
Connectivity Outlook—Key OEM Roadmap
Connectivity Outlook—Key OEM Offerings
Pre-owned Cars Market—India Overview
Pre-owned Cars Market—Highlights
Pre-owned Cars Market—Highlights (continued)
Pre-owned Cars eRetailing Trends
Shared Mobility Outlook—Factors Driving Car Sharing Growth in India
Shared Mobility Outlook—Key Market Trends
Shared Mobility Outlook—List of Market Participants
Shared Mobility Outlook—eHailing Market Growth in India
Shared Mobility Outlook—Market Share Analysis
Shared Mobility Outlook—OEM Interests
Shared Mobility Outlook—New Business Model: Car Subscription
Shared Mobility Outlook—Case Study: Revv Business Model
PV Market Drivers
PV Market Drivers Explained
PV Market Restraints
PV Market Restraints Explained
Domestic Sales Forecast—Scenario Analysis
Factors Impacting the PV Market in India
Export Forecast—Scenario Analysis
Production/Import Forecast—Scenario Analysis
PV Market—Segment-wise Sales Forecast
PV Market—Segment-wise Sales Forecast (continued)
Growth Opportunities in the Indian PV Market
Growth Opportunity in Product Offerings
Growth Opportunity in EVs in the Indian PV Market
Growth Opportunity in Subscription-based Business Models in India
Strategic Imperatives for Success and Growth
The Last Word—3 Big Predictions
Legal Disclaimer
List of Abbreviations
List of Abbreviations (continued)
List of Exhibits
List of Exhibits (continued)
List of Exhibits (continued)
List of Exhibits (continued)
List of Exhibits (continued)
List of Exhibits (continued)
The Frost & Sullivan Story
Value Proposition—Future of Your Company & Career
Global Perspective
Industry Convergence
360º Research Perspective
Implementation Excellence
Our Blue Ocean Strategy
Popular Topics
| No Index | No |
|---|---|
| Podcast | No |
| Author | Anjana Venkataraman |
| Industries | Automotive |
| WIP Number | PA73-01-00-00-00 |
| Is Prebook | No |
| GPS Codes | 9800-A6,9AF6-A6 |