News on U.S. government agencies, U.S. politics, companies doing business with U.S. federal government. Read U.S. national and local news. This site is not affiliated with United States Government.
The Indian automobile industry produces and sells vehicles grouped by design, usefulness, and purpose. Changes in transportation rules, the necessity for alternative fuels, and innovation in sustainable car technologies all contribute to rising demand. This market study provides deep insights into industry dynamics, segmentation, geographical trends, and the competitive landscape, drawing on both primary and secondary research to deliver an educated market outlook.
Automotive Market in India Segments Analysis
In 2024, Two-wheeler Segment Held the Dominant Position with A Share of Above 49% While Petrol Segment Dominated the Automotive Market in India and accounted for 62.3% Of the Global Revenue Share.
In 2024, The North Indian and West Indian regions are dominating the Indian automotive market with largest market share. North India dominates the Indian auto market due to its dense population, rapid urbanization, and high demand for two-wheelers and passenger vehicles such as SUVs. West India stands out for its considerable presence in commercial vehicles, which is aided by its extensive agricultural base and closeness to major ports.
Market key players Fueling industry evolution
These companies are leading the Automotive Market in India, demonstrating strong financial performance and strategic investments in product development and market expansion:
New Related Markets Published by Maximize Market Research.
Used Car Market: Used Car Market size was valued at USD 1148.63 Bn. in 2023 and the total revenue is expected to grow at 8.4% of CAGR through 2024 to 2030, reaching nearly USD 2059.62 Bn.
Heavy Duty Automotive Aftermarket Market: Heavy Duty Automotive Aftermarket Market size was valued at USD 137.25 Bn in 2023 and is expected to reach USD 178.31 Bn by 2030, at a CAGR of 3.81 %.
Autonomous / Self-Driving Cars Market: Autonomous / Self-Driving Cars Market volume was at 23.26 million Units in 2022 and the total revenue is expected to grow at 13.5% of CAGR through 2023 to 2029, reaching nearly 56.46 million Units.
We are pleased to offer you this exciting, new, and entirely free professional resource. Visit our Free Industry resource center today to browse our selection of 600+ complimentary Industry magazines, white papers, webinars, podcasts, and more. Get popular titles including:
