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The Analysis Of Automobile Industry In India Market size is estimated at USD 126.67 billion in 2024, and is expected to reach USD 187.85 billion by 2029, growing at a CAGR of 8.20% during the forecast period (2024-2029). The Indian economy has been expanding with the rise in disposable income of middle-class consumers.
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The India automotive market demand was pegged at 3,641,233 units in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 9.7% from 2023 to 2030. According to statistics published in April 2018 by the European Automobile Manufacturers Association (ACEA), India is ranked fourth in the top ten global car-producing countries.
- The India automotive market is expected to grow at a compound annual growth rate of 9.7% from 2023 to 2030 to reach 8,363,344 units by 2030. Read More
- The passenger segment dominated the India automotive market with a share of 71% in 2022. This is attributable to rising disposable incomes aiding s...
- Some key players operating in the India automotive market include Ashok Leyland; Bajaj Auto Ltd.; Daimler AG; Eicher Motors Limited; Ford Motor Com...
- Key factors that are driving the market growth include a growing population, increasing investments in the road infrastructure, growing logistics i...
The automotive industry in Indiais the world's fourth-largest by productionand valuation as per 2022 statistics. [1][2][3]As of 2023, India is the 3rd largest automobile marketin the world in terms of sales.
Mar 25, 2024 · Find the most relevant and recent facts about the automotive industry in India. ... Big Mac index worldwide 2024. Global retail e-commerce sales 2014-2027. Car brand market share worldwide 2023.
The Analysis Of Automobile Industry In India Market size is estimated at USD 126.67 billion in 2024, and is expected to reach USD 187.85 billion by 2029, growing at a CAGR of 8.20% during the forecast period (2024-2029). The Indian economy has been expanding with the rise in disposable income of middle-class consumers.
Indian automotive industry is targeting to increase the export of vehicles by five times during 2016-26. In FY23, total automobile exports from India stood at 47,61,487. Indian automobile exports of two-wheelers stood at 36,52,122 in FY23.
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The India Automotive Market size is estimated to increase by USD 53.3 billion, at a CAGR of 7.46% between 2023 and 2028. The expansion of the market hinges on various factors, including the burgeoning middle-class populace, technological strides in automotive engineering, and government initiatives facilitating streamlined procedures for automotive industry establishment.
