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(USGovernment-News.Com, October 05, 2018 ) India passenger vehicles market is valued at USD 57.2 billion in 2016, projected to grow at a CAGR of 6.9%. The growing urbanization and government initiatives to promote the use of passenger vehicles in order to lower the carbon emission and road traffic are driving the demand for passenger vehicles.
India passenger vehicles market segmentation has been done on the basis of model type, fuel type, and geography. There is a rising demand for hybrid and electric passenger vehicles, owing to the favourable government policies to showcase the efficiency and to increase the sales of electric and hybrid vehicles. India passenger vehicles market has a major growth rate in the tier-1 cities such as Delhi, Chennai, Bangalore, and Mumbai but majorly in the southern part of India, which contributed 35% revenue share in 2016. This is followed by the Northern region contributing 30% revenue share.
“India Passenger Vehicles Market Outlook 2024” contains a detailed overview of the India passenger vehicles market. On the basis of our in-depth analysis, the market can be segmented in terms of market segmentation by model type, fuel type, and geography.
The India Passenger Vehicles Market Report highlights the competitive outlook of major India players that includes the business strategies, product portfolio, revenue distribution, financial analysis, R&D activities and investments. The in-depth analysis of passenger vehicles market report will help the clients to assess their business strategies as per the competitive environment in the market space.
Major players of the India passenger vehicles market discussed in the report are: Tata Motors, Hindustan Motors, Mahindra and Mahindra, Hero Electric, Ajanta Group, Fiat Chrysler Automobiles (FCA), General Motors, Volkswagen Group, Chinkara Motors, Toyota, Ford Motor Company, Maruti Suzuki, Asia Motor Works (AMW), Honda, Hyundai, Renault-Nissan, Bayerische Motoren Werke AG (BMW), Mitsubishi, Daimler, Caparo, Mini, Datsun,etc.
Further, India Passenger Vehicles Market Report encompasses the major trends & growth opportunities, market dynamics, and other growth factors. The Passenger Vehicles Market outlook also comprises of key challenges for the market players, risk analysis, SWOT Analysis, BPS analysis and Market Attractiveness. The report also includes the expert analysis which provides a complete overview of the market post analysis of the economic, political, environmental & social factors of each region and country.
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