Automobile Market in India (Segments-Passenger Vehicles (PV),Passenger Cars, Utility vehicles & Vans,Light Commercial Vehicles, Medium & Heavy Commercial Vehicle) Industry Analysis, Volume, Share, Growth,Challenges, Trends, and Forecast 2016 – 2022.
09-Oct-2017 | Number of pages: 122 | Report Code:PSMR-00011| Report Format : PDF | Status : Published
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Automobile Market industry produced a total 25,316,044 vehicles including passenger vehicles including PVs, commercial vehicles (CVs),three wheelers(3W) and 2W in April-March 2017 as against 24,016,599 in April-March 2016.Growth rate was 5.46% for FY 16-17 compare to last year. Globally India ranks 5th in terms of automobile production behind China, USA, Japan and Germany respectively.
The sales of Passenger Vehicles grew by 3.74% in April-March 2017 over the same period last year. Within the Passenger Vehicles segment, Passenger Cars and Utility Vehicles grew by 4.99% and 5.30% respectively, while Vans declined by (-) 10.19% in April-March 2017 over the same period last year. Most of the large Indian auto players are pursuing global aspirations by expanding geographic coverage and making strategic investments outside India.
With 80% market share of Automobile Market, 2 wheeler segments is leader of Indian automobile Industry. While the passenger vehicles (PV) like car also has attractive market share contribution of 14%. The sales of Passenger Vehicles grew by 9.23 % in April-March 2017 over the same period last year. Within the Passenger Vehicles, Passenger Cars, Utility Vehicles and Vans grew by 3.85 %, 29.91 % and 2.37 % respectively during April-March 2017 over the same period last year.
Automobile Market : Segment Analysis
- Passenger Vehicles (PVs)
- Passenger Cars
- Utility Vehicles & Vans
- Commercial Vehicles (CVs)
- Light Commercial Vehicles
- Medium & Heavy Commercial Vehicle
Automobile Market : Export Analysis By Region
India exported US $14.78 billion worth of automobiles in 2016-17.In April-March 2017, overall automobile exports grew by 15.89 % over the same period last year. Passenger Vehicles, Commercial Vehicles, Three Wheelers and Two Wheelers grew by 4.42 %, 11.33 %, 15.44 % and 17.93 % respectively during April-March 2015 over the same period last year.The 10 countries below imported 47.8% of that total.
- North America
- Asia Pacific
- Sri Lanka
- Latin America
- Middle East and Africa
- United Arab Emirates
- South Africa