1. Market Research
  2. > Automotive
  3. > Motor Vehicle
  4. > Light Vehicle Market Trends

Market Forecast and Key Trends in the Passenger Vehicle Market in India

  • August 2014
  • 109 pages
  • Frost & Sullivan
Report ID: 2342735

Summary

Table of Contents

Super Compacts and Compact SUVs Priced Aggressively to Drive the Market

Driven by aggressive pricing, the Indian passenger vehicle market is expected to grow with launch of entry level sedans (super compacts) and compact SUVs until 2019. Domestic sales of PVs in India decreased from 2,686,768 units in FY 2013 to 2,431,250 units in FY 2014, registering a decline of 9.5% due to the increase in fuel cost, lending rate, and current economic conditions. With the narrowing price difference between gasoline and diesel variant vehicles and newer technologies being introduced in gasoline engines, the share of diesel vehicles is likely to decline in the near future. The overall inflation remains high due to a persistent rise in fuel prices and is expected to continue for the next few months or a year.

Executive Summary—Total Domestic Sales Snapshot Explained
- Domestic sales in the Indian PV market is expected to grow at a CAGR of % with sales volume rising from million units in FY 2014 to million units in FY 2019.
- With significant contribution in the PC segment, Maruti Suzuki and Hyundai are likely to drive the domestic sales of PVs in India by FY 2019.
- Indian OEMs—Tata Motors and Mahindra are expected to increase their market share in the UV segment by FY 2019.
- Further, participants like Maruti Suzuki, Ford, Nissan, and Hyundai are likely to add volumes to the compact UV segment with their new launches.
- Compared to FY 2014, PV sales in India in FY 2019 is likely to be dominated by gasoline variant vehicles, due to the narrowing price difference between gasoline and diesel and new launches in the UV and super compact segments.

Research Aims and Objectives

Aim:
The aim of this study is to research, analyze, and forecast Indian passenger vehicle production, sales, and exports for the next five years (FY 2015 to FY 2019).

Objectives:
- To asses the current market for passenger vehicles in India.
- To study the Mega Trends impacting the passenger vehicle market.
- To assess the potential drivers and restraints that impact the passenger vehicle market.
- To co-relate the drivers and restraints with socio-economic parameters.
- To provide forecast by:
o Passenger vehicle segment
o OEMs
o Fuel type
o Engine size

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 60 Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

Amrita helps you find the right report:

Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

Purchase Reports From Reputable Market Research Publishers

Smart Parking Market by System, Technology, Component, Parking Management by Solution, and Vertical - Global Forecast to 2021

  • $ 5650
  • Industry report
  • February 2017
  • by MarketsandMarkets

“Increasing vehicle sales and limited parking availability are expected to fuel the demand for smart parking in passenger cars” The passenger car smart parking market is projected to grow at a CAGR ...

Automotive Carbon Ceramic Brakes Market: LCV and HCV Vehicle Type Segments Anticipated to Hold Minimal Market Share over the Forecast Period: Global Industry Analysis and Opportunity Assessment, 2016-2026

  • $ 5000
  • Industry report
  • April 2017
  • by Future Market Insight Global & Consulting Pvt Ltd

The Passenger Car vehicle type segment is expected to remain lucrative in the global automotive carbon ceramic brakes market throughout the Passenger car segment in the Latin America Automotive carbon ...

Vehicle Platforms and Fuel Strategies of Car Manufacturers in India

  • $ 4950
  • Industry report
  • March 2017
  • by Frost & Sullivan

15 Modular Platforms Anticipated to Account for 74.8% of the Total Market Production by FY 2023 This research service focuses on various modular platform and fuel strategies of car manufacturers including ...


ref:plp2014

Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.