The points that are discussed within the report are the major market players that are involved in the India Passenger Car market such as manufacturers, raw material suppliers, equipment suppliers, end users, traders, distributors and etc. The growth factors of the market is discussed in detail wherein the different end users of the market are explained in detail. Data and information by manufacturer, by region, by type, by application is given and custom research can be added according to specific requirements.
Global “India Passenger Car Market” Report 2020 offers a comprehensive breakdown of industry status and outlook of major regions based on of key players, countries, product types, and end industries. This report focuses on the India Passenger Car in the Global market, especially in the United States, Europe, China, Japan, South Korea, North America, India. India Passenger Car Market report categorizes the market based on manufacturers, regions, type and application. This report also studies the worldwide market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter’s Five Forces Analysis.
India Passenger Car Market size (value and volume) by players, regions, product types and end industries, history data 2020 and forecast data 2024. Also, India Passenger Car Market is expected to grow at a CAGR of 9.5% during the forecast period of (2020 – 2024). And report provides a complete market overview, list of top manufactures, scope of the report, key market trends of India Passenger Car market, and main aspect about the report- why should you buy this research report? so don’t miss it.
India Passenger Car Market summary:
The Indian Passenger Car Market is anticipated to grow at a CAGR of 9.5% during the forecast period, 2020-2024.
The Indian automotive industry has been experiencing steady growth in the demand for and sale of passenger cars, owing to improvement in economic condition, and rise in disposable income of the consumers, over the past few years. The country has witnessed a gradual shift from transportation to comfortable/convenient transportation, and from convenient transportation to luxurious and safe transportation.
– The globalization and commercialization further helped to increase connectivity and broaden the overall automotive industry’s presence and importance in the country.
– The Indian automotive industry is shifting from just being a components manufacturer, to being an assembler and manufacturer of complete vehicles, including passenger cars.
– India is also a major exporter of automotive parts, components, and assembled vehicles to countries in the Middle East and Asia, which is expected to continue to be a major contributor to the country’s automotive industry’s revenue.
– With the growing presence of international automobile manufacturer’s and brands, and the consumer’s ability to purchase a new car and to maintain such car, consumers have been willing to buy more than one passenger car to suit their various daily needs and travel purposes.
– Additionally, a consistent rise in population has been a major factor responsible for the rise in automotive industry revenue – both commercial vehicles and passenger cars.
– Furthermore, with the growing focus on improved fuel economy and reduced exhaust emissions, the demand for and sale of electric vehicles, especially electric cars, is expected to witness fast growth during the forecast period. However, inadequate charging infrastructure and high cost of these electric cars may hinder the growth of the market.
The Global India Passenger Car market analysis is provided for the international markets including development trends, competitive landscape analysis, and key regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed.
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With tables and figures helping analyze worldwide Global India Passenger Car market, this research provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.
List of Top Key-players/Leading Manufacturers of India Passenger Car Market Size:
Scope of the India Passenger Car Market Report:
The India passenger car market outlook covers the growing demand for passenger cars in the country, incentives offered by the government for adoption of electric vehicles, emission regulations, developments in the used-car market and market shares of OEMs.The market has been segmented by vehicle type and fuel type.
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Key Trends of India Passenger Car Market:
Growing Auto Component Industry
The Indian automotive component industry is expected to witness healthy growth during the forecast period owing to increasing domestic demand, rising exports, and the increasing flow of investments in the automotive components sector. Thereby, making India as key automotive components sourcing hub.
Additionally, the Union Budget of 2018-2019, proposed an increase in basic custom duty on completely knocked down (CKD) imports of motor vehicles from 10% to 15%; and an increase in minimum support price of all crops to 1.5 times of production cost, which in turn, will aid in rise of farm income, thereby, benefitting the demand for passenger cars, especially for entry-level cars. This, in turn, will support domestic auto component manufacturers, and the passenger car market.
Gradual Shifting Focus towards Electric Passenger Cars
Electric car sales in India has decreased during FY 2017-18 as compared to FY 2016-17, witnessing a decline of 66%. In order to boost the sales of electric cars, OEMs have been collaborating with battery technology suppliers to develop long-range cars. Additionally, the Indian government to support electric car sales announced subsidies on the purchase of new electric cars. Currently, Mahindra & Mahindra and Tata offer Electric vehicles for the Indian market. Maruti Suzuki is testing its first EV, the WagonR.
The Indian government has announced its National Electric Mobility Mission Plan (NEMMP), to support the local manufacturing capabilities of the automakers. With this roadmap, the government of India plans to make electric vehicles economically viable and self-sustaining, by 2020. The government has also announced investments of over INR 13,000 crore for demand incentives, INR 1,800 crore for R&D investments, INR 5,000 crore for power infrastructure, and INR 1,200 crore for charging infrastructure.
This plan aims at encouraging reliable, affordable, and efficient EVs that can meet consumer performance demand and price expectation. This plan involves government and industry collaboration for the promotion and development of indigenous manufacturing capabilities, consumer awareness, technology, and required infrastructure, thereby, helping the country emerge as a global leader in both electric two-wheeler and four-wheeler market, by 2022.
The government has decided to take a critical role in supporting the creation of demand and acceptability of EVs, spurring collaborative R&D efforts, and enabling required infrastructures to take its shape. The government has also decided to implement a robust EV demand generating scheme in terms of size and duration to meet the objectives of bridging the gap in the acquisition price of EV, in comparison to the normal IC engine vehicle.
This India Passenger Car Market Research/analysis Report Contains Answers to your following Questions
- Which Manufacturing Technology is Used for India Passenger Car ? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
- Who Are the Global Key Players in This India Passenger Car Market? What’s Their Company Profile, Their Product Information, Contact Information?
- What Was Global Market Status of India Passenger Car Market? What Was Capacity, Production Value, Cost and PROFIT of India Passenger Car Market?
- What Is Current Market Status of India Passenger Car Industry? What’s Market Competition in This Industry, Both Company, and Country Wise? What’s Market Analysis of India Passenger Car Market by Taking Applications and Types in Consideration?
- What Are Projections of Global India Passenger Car Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What About Import and Export?
- What Is India Passenger Car Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
- What Is Economic Impact On India Passenger Car Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
- What Are Market Dynamics of India Passenger Car Market? What Are Challenges and Opportunities?
- What Should Be Entry Strategies, Countermeasures to Economic Impact, Marketing Channels for India Passenger Car Industry?
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Fundamental Reasons to buy India Passenger Car Market Report:
- Determine prospective investment areas based on a detailed trend analysis of the global India Passenger Car market over the next years.
- Gain in-depth understanding about the underlying factors driving demand for different India Passenger Car segments in the top spending countries across the world and identify the opportunities offered by each of them.
- Strengthen your understanding of the market in terms of demand drivers, industry trends, and the latest technological developments, among others.
- Identify the major channels that are driving the global India Passenger Car market, providing a clear picture about future opportunities that can be tapped, resulting in revenue expansion.
- Channelize resources by focusing on the ongoing programs that are being undertaken by the different countries within the global India Passenger Car market.
- Make correct business decisions based on thorough analysis of the total competitive landscape of the sector with detailed profiles of the top India Passenger Car solution providers around the world which include information about their products, alliances, recent contract wins and financial analysis wherever available.
Overview of TOC, what it contains? –
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
3.1 Market Overview
4 MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter’s Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 Product Type
5.2 Distribution Channel
6 COMPETITIVE LANDSCAPE
6.1 Market Share Analysis
6.2 Most Active Companies
6.3 Most Adopted Strategy
6.4 Company Profiles
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
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