Future Scope of India Automotive Market | Top Key Companies (Maruti Suzuki India, Tata Motors, Mahindra & Mahindra, Escorts Ltd, TVS Motor) | Foreseen Till 2023

Marketprognosis.com Publish a New Market Research Report On “India Automotive Industry - Growth, Trends and Forecast (2018 - 2023)” which contains India key player’s survey information and forecast to 2023.

Overview of the India Automotive Market:

The report spread across 81 pages is an overview of the India Automotive Industry - Growth, Trends and Forecast (2018 - 2023). These report study based on the Automotive Market. It is a complete overview of the market, covering various aspects prevailing market landscape. It accumulates comprehensive information and research methodologies.

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The Indian Automotive Industry was estimated at a value of over USD 80 Billion in 2016. The industry is anticipated to register a double digit CAGR over the forecast period (2018 - 2023).

The Indian automotive manufacturing sector is expanding at a fast rate, which is making the country one of the fastest-growing automotive manufacturers in the world. With an annual production of nearly 4.5 million units in 2016, the country was the fifth-largest automobile manufacturer in the world, falling behind China, the United States, Japan, and Germany. The country’s automotive industry was the second-fastest growing among the top 10 vehicle manufacturers, with an annual growth rate of 7.9%, which was second only to China in 2016. The annual vehicle production in the country grew from 3.89 million units in 2012 to 4.49 million units during the same year.

In addition to this, the country’s Automobile Mission Plan aims to lead India to be among the top three automobile manufacturers in the world by 2026. Incentives from the government, rising disposable income, lower auto financing interest rates, increasing FDI in the automotive sector, along with the country being ranked at 30th position in the global manufacturing index by the World Economic Forum, are the factors expected to drive the automotive industry in the country, registering a CAGR of over 10% over the forecast period.

Two-wheelers accounted for the lion’s share of automotive sales in the country, followed by the passenger vehicle segment. Rising income level in the country, along with the increase in the young population, is driving the Indian automotive market. With over 17.5 Million two-wheeler sales in 2017, India has currently become the largest two-wheeler market in the world, crossing China.

Purchase this report online with 81 Pages, Top Key Players Analysis and List of Tables & Figure @ https://www.marketprognosis.com/buyReport/15841 .

Major Key Players:

1 Maruti Suzuki India Limited

2 Tata Motors Ltd

3 Mahindra & Mahindra Ltd

4 Sonalika International Tractors Ltd

5 Escorts Ltd

6 TVS Motor Company and More…………….

This study answers to the below key questions:

1 What will the market size be in 2023 and what will the growth rate be?

2 What are the key market trends?

3 What is driving this market?

4 What are the challenges to market growth?

5 Who are the key vendors in this market space?

6 What are the market opportunities and threats faced by the key vendors?

7 What are the strengths and weaknesses of the key vendors?

Any Query? Ask to our Expert @ https://www.marketprognosis.com/enquiry/15841 .

In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of Automotive Market.

Table of Contents:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Market Overview And Technology Trends

5 Market Dynamics

6 India Automotive Industry Segmentation, By Vehicle Type

7 India Automotive Industry Segmentation, By Manufacturers

8 Competitive Landscape

9 Company Analysis

10 Future Outlook Of The Market

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This release was published on openPR.