Indian Automotive Industry Market - Forecast(2024 - 2030)

Report Code: ATR 0065 Report Format: PDF + Excel

Indian Automotive Industry Market Overview:

The Indian Automotive Industry Market size is estimated to reach $XXX Million by 2030, growing at a CAGR of XX during the forecast period 2023-2030. The Indian automotive industry has been a key player in the country's economic growth, showcasing resilience and adaptability. As of 2022, it is one of the largest automotive markets globally, with a diverse range of vehicles catering to various segments. The industry has witnessed significant advancements in technology, design, and manufacturing processes.

Passenger vehicles dominate the market, with both domestic and international manufacturers competing fiercely. Key players include Tata Motors, Mahindra & Mahindra, Maruti Suzuki, and foreign entrants like Hyundai and Toyota. Two-wheelers also form a substantial portion of the market, with companies like Hero MotoCorp and Bajaj Auto leading the segment.

The push towards electric mobility is gaining momentum, with the government promoting sustainable practices and setting ambitious targets for electric vehicle adoption. However, traditional internal combustion engine vehicles continue to dominate, and the industry is navigating challenges like supply chain disruptions and regulatory changes.

Overall, the Indian automotive industry reflects a dynamic landscape, shaped by consumer preferences, technological innovations, and a shifting regulatory environment. It remains a vital contributor to the country's economic development and employment generation.

Market Snapshot:

 

Indian Automotive Industry Market - Report Coverage:

The “Indian Automotive Industry Market Report - Forecast (2023-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the Indian Automotive Industry Market.

 

                   Attribute                   Segment




By Product Type

    ·   Audio System

    ·   Braking System

    ·   Module Type

    ·   AV Navigation System

    ·   Component Accessories

    ·   Driver Assistance System

    ·   Electric Vehicle Driving System

    ·   Hybrid Driving System

    ·   Hydrogen fueled cell vehicle     driving system

    ·   Lamp system

    ·   Materials

    ·   Safety System

    ·   Steering Wheel


By Entropy

    ·   Deals/Contracts (INR, Lakh)

    ·   M&As, Collaborations, JVs and Partnerships


By Geography

    ·   North America (U.S., Canada and Mexico)

    ·   Europe (Germany, France, UK, Italy, Spain, Russia and the Rest of Europe),

    ·   Asia-Pacific (China, Japan, South Korea, India, Australia & New Zealand and the Rest of Asia-Pacific),

    ·   South America (Brazil, Argentina, Chile, Colombia and the Rest of South America)

     ·   Rest of the World (Middle East and Africa).


 

Indian Automotive Industry Market - Top Trends

 

Electric Vehicle (EV) Adoption: One of the prominent trends in the Indian automotive industry is the increasing focus on electric vehicles. The government has set ambitious targets to promote EV adoption, offering incentives and subsidies. Major automakers are investing in electric vehicle technologies and launching new models to cater to the growing demand for sustainable transportation.

Connected Vehicles and Smart Technology: The integration of connected features and smart technologies in vehicles is gaining momentum. Automakers are incorporating advanced infotainment systems, GPS navigation, and connectivity solutions. This trend not only enhances the driving experience but also aligns with the global shift towards smart and connected mobility.

Shift towards Shared Mobility: With the rise of ride-sharing platforms and changing consumer preferences, there is a noticeable shift towards shared mobility services. Car-sharing and ride-hailing services are becoming increasingly popular, especially in urban areas, influencing automakers to explore new business models and adapt to the evolving transportation ecosystem.

Focus on Safety and Regulatory Compliance: The industry is witnessing a heightened emphasis on safety standards and regulatory compliance. Stricter safety norms, including crash test requirements and emission standards, are influencing the design and manufacturing processes of vehicles. Automakers are investing in research and development to meet these standards and ensure the safety of consumers.

Supply Chain Resilience and Localization: The COVID-19 pandemic highlighted vulnerabilities in global supply chains, prompting the automotive industry to focus on building resilience. There is a growing trend towards localizing manufacturing and sourcing components domestically to reduce dependency on international suppliers. This shift enhances supply chain resilience and allows quicker adaptation to market changes and disruptions.

 

The Indian Automotive Industry Market - Company Analysis

 

Maruti Suzuki India Limited: A subsidiary of Suzuki Motor Corporation, Maruti Suzuki dominates India's passenger vehicle market. Renowned for its diverse car lineup, Maruti Suzuki sets industry benchmarks, reflecting its integral role in shaping India's automotive landscape with reliable and fuel-efficient vehicles.

 

Tata Motors Limited: A major player in India's automotive industry, Tata Motors produces a wide range of vehicles, from cars and utility vehicles to buses and trucks. With a diverse portfolio, Tata Motors significantly contributes to India's mobility solutions and commercial transport sector.

 

Mahindra & Mahindra Limited: Recognized for robust SUVs and utility vehicles, Mahindra & Mahindra is a key player in both passenger and commercial vehicle segments. Contributing to India's automotive diversity, Mahindra & Mahindra addresses utility-focused transportation needs with its reliable vehicles.

 

Hero MotoCorp Limited: As the world's largest two-wheeler manufacturer, Hero MotoCorp dominates India's motorcycle market. Known for reliability and fuel efficiency, Hero MotoCorp's extensive range of motorcycles caters to diverse needs, making it a household name in Indian transportation.

 

Bajaj Auto Limited: A significant player in the two-wheeler sector, Bajaj Auto is renowned for motorcycles and three-wheelers. Known for innovation and performance, Bajaj Auto continues to shape the landscape of affordable and efficient personal and commercial transportation in India.

 

Key Market Players:

Product/Service launches, approvals, patents and events, acquisitions, partnerships and collaborations are key strategies players in the Indian Automotive Industry Market adopt. The top 10 companies in Indian Automotive Industry Market are listed below:

1.     Maruti Suzuki India Limited

2.     Tata Motors Limited

3.     Mahindra & Mahindra Limited

4.     Hero MotoCorp Limited

5.     Bajaj Auto Limited

6.     Hyundai Motor India Limited

7.     Toyota Kirloskar Motor Private Limited

8.     Ford India Private Limited

9.     Honda Cars India Limited

10.  Renault India Private Limited

Scope of the Report:

Report MetricDetails

Base Year Considered

2022

Forecast Period

2023–2030

CAGR

xx

Market Size in 2030

$xxxx Million

Segments Covered

By Product Type, By Entropy

Geographies Covered

North America (U.S., Canada and Mexico), Europe (Germany, France, UK, Italy, Spain, Russia and the Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia & New Zealand and the Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia and Rest of South America), Rest of the World (Middle East and Africa).

Key Market Players

1.   Maruti Suzuki India Limited

2.   Tata Motors Limited

3.   Mahindra & Mahindra Limited

4.   Hero MotoCorp Limited

5.   Bajaj Auto Limited

6.   Hyundai Motor India Limited

7.   Toyota Kirloskar Motor Private Limited

8.   Ford India Private Limited

9.   Honda Cars India Limited

10. Renault India Private Limited



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1. Indian Automotive Industry - Overview
2. Executive Summary
3. Indian Automotive Industry - Market Landscape
   3.1. Market Share Analysis (Top 10 Vendors)
      3.1.1. Audio System
      3.1.2. Braking System
      3.1.3. Module Type
      3.1.4. AV Navigation System
      3.1.5. Component Accessories
      3.1.6. Driver Assistance System
      3.1.7. Electric Vehicle Driving System
      3.1.8. Hybrid Driving System
      3.1.9. Hydrogen fueled cell vehicle driving system
      3.1.10. Lamp system
      3.1.11. Materials
            3.1.11.1. Metallic materials
            3.1.11.2. Polymeric materials
            3.1.11.3. Functional materials
      3.1.12. Safety System
      3.1.13. Steering Wheel
   3.2. Comparative analysis
      3.2.1. Competitor Benchmarking
      3.2.2. Patent Analysis
      3.2.3. Competitor Financial Analysis
4. Automotive Industry - Market Forces
   4.1. Market Drivers
   4.2. Market Challenges
   4.3. Attractiveness of the Indian Automotive Industry
      4.3.1. Power of Suppliers
      4.3.2. Power of Customers
      4.3.3. Threat of New Entrants
      4.3.4. Threat of Substitution
      4.3.5. Degree of Competition
5.  Automotive Market - Strategic Analysis (For each product type)
   5.1. Value Chain Analysis
   5.2. Suppliers Analysis
   5.3. Regulation & Polices (Quarterly updates) 
   5.4. Procurement Analysis
   5.5. Pricing Analysis
   5.6. Opportunities Analysis
6. Indian Automotive Industry – By Product
   6.1. Audio System
      6.1.1. Standard Audio
      6.1.2. UVO infotainment
   6.2. Braking System
      6.2.1. Anti-Lock Braking System
      6.2.2. Brake by Wire
      6.2.3. Combined Braking System
      6.2.4. Electromechanical Brake System
      6.2.5. Electron Stability Control System
      6.2.6. regenerative braking system
      6.2.7. Traction Control System
   6.3. Module Type
      6.3.1. Chassis Module
      6.3.2. Cockpit Module
      6.3.3. Front End Module
   6.4. AV Navigation System
      6.4.1. High-end AVN
      6.4.2. Standard Audio
   6.5. Component Accessories
      6.5.1. Antenna unit
      6.5.2. Electron Toll Collection System
      6.5.3. Microphone Unit
      6.5.4. Sound unit
      6.5.5. Telematics Unit
   6.6. Driver Assistance System
      6.6.1. Airbag Control Unit
      6.6.2. Around View Monitoring
      6.6.3. Autonomous Emergency Braking
      6.6.4. BCM, Body Control Module
      6.6.5. Blind Spot Detection
      6.6.6. Brake by Wire
      6.6.7. Camera
      6.6.8. ECS acceleration sensor
      6.6.9. ECS Height Sensor
      6.6.10. Front/Side Impact Sensor
      6.6.11. Intelligent Battery Sensor
      6.6.12. In-Wheel Motor System
      6.6.13. Lane Departure Warning System
      6.6.14. Lane Keeping Assist System
      6.6.15. Parking Assist System
      6.6.16. Parking Guide System
      6.6.17. regenerative braking system
      6.6.18. Smart Cruise Control
      6.6.19. Smart Parking Assist System
      6.6.20. SMK, Smart Key System
      6.6.21. Steering Angle Sensor
      6.6.22. Tire pressure Monitoring System
      6.6.23. Traffic Sign Recognition System
      6.6.24. V2I-based Safety and Convenience service
      6.6.25. V2V-based Safety Service
      6.6.26. Weight Classification System
      6.6.27. Wheel Speed Sensor
      6.6.28. Yaw Rate Sensor
   6.7. Electric Vehicle Driving System
      6.7.1. Battery Management System
      6.7.2. Battery System Assembly
      6.7.3. Inverter/Converter
      6.7.4. On-Board Charger
      6.7.5. Traction Motor
   6.8. Hybrid Driving System
      6.8.1. Battery System Assembly
      6.8.2. Hybrid Starter Generator
      6.8.3. Inverter/Converter
      6.8.4. Traction Motor
   6.9. Hydrogen fueled cell vehicle driving system
      6.9.1. Battery System Assembly
      6.9.2. BHDC
      6.9.3. Converter (LDC)
      6.9.4. Fuel Cell Driving System
      6.9.5. Inverter
      6.9.6. Traction Motor
   6.10. Lamp system
      6.10.1. Adaptive Front Lighting System
      6.10.2. Air suspension system
      6.10.3. LED headlamps
   6.11. Materials
      6.11.1. Metallic materials
      6.11.2. Polymeric materials
      6.11.3. Functional materials
   6.12. Safety System
      6.12.1. Airbag
      6.12.2. Seat belts
   6.13. Steering Wheel
      6.13.1. Electronic steering system
      6.13.2. Motor Driven Power Steering
7. Automotive Industry - Entropy
   7.1. Deals/Contracts (INR, Lakh)
   7.2.  M&As, Collaborations, JVs and Partnerships
8. Company Profiles
   8.1. Company 1
   8.2. Company 2
   8.3. Company 3
   8.4. Company 4
   8.5. Company 5
   8.6. Company 6
   8.7. Company 7
   8.8. Company 8
   8.9. Company 9   
9. Appendix
   9.1. Abbreviations
   9.2. Sources
   9.3. Research Methodology
   9.4. Bibliography
   9.5. Compilation of Experts Insights
   9.6. Disclaimer 

The Indian Automotive Industry Market is forecast to grow at 11.2% during the forecast period 2023-2030.

The Global Indian Automotive Industry Market size is estimated to be $XX Billion in 2023 and is projected to reach $XXX Million by 2030.

The leading players in the Indian Automotive Industry Market, Maruti Suzuki India Limited\\r\\nTata Motors Limited, Mahindra & Mahindra Limited, Hero MotoCorp Limited, Bajaj Auto Limited, Hyundai Motor India Limited, Toyota Kirloskar Motor Private Limited, Ford India Private Limited, Honda Cars India Limited, Renault India Private Limited\\r\\n