New Cars in India - Market Summary, Competitive Analysis and Forecast to 2026
Summary
New Cars in India industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2017-21, and forecast to 2026). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The new cars market consists of the initial retail sale/registration of new passenger cars. Passenger cars include saloons, hatchbacks, SUVs, 4x4s, and light pickups used predominantly in North America, and other related vehicles. The market value is calculated at retail selling price (RSP) and the market volume is given in terms of units sold. Market share data for the New Cars industry applies to motor manufacturing groups as opposed to their individual brands, i.e. for the Volkswagen Group this includes all of its brands such as Volkswagen, Audi, Skoda, Seat etc. therefore where possible, market share data represents sales figures for every brand in that manufacturing group within each country.
- The Indian new cars market is expected to generate total revenues of $43.1bn in 2021, representing a compound annual growth rate (CAGR) of 2.9% between 2017 and 2021.
- Market consumption volume is forecast to decline with a CARC of -2% between 2017 and 2021, to reach a total of 2,968.4 thousand units in 2021.
- In 2019, the new cars market in India contracted. This was largely the result of a slowing economy which made consumers reluctant to spend on big purchases such as new cars.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the new cars market in India
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the new cars market in India
- Leading company profiles reveal details of key new cars market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the India new cars market with five year forecasts
- What was the size of the India new cars market by value in 2021?
- What will be the size of the India new cars market in 2026?
- What factors are affecting the strength of competition in the India new cars market?
- How has the market performed over the last five years?
- Who are the top competitiors in India's new cars market?
Companies Mentioned
Suzuki Motor Corporation
Hyundai Motor Company
Mahindra & Mahindra Limited
Tata Motors Limited
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Market volume
- 1.4. Market volume forecast
- 1.5. Geography segmentation
- 1.6. Market share
- 1.7. Market rivalry
- 1.8. Competitive Landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 3.2. Market volume
- 4 Market Segmentation
- 4.1. Geography segmentation
- 5 Market Outlook
- 5.1. Market value forecast
- 5.2. Market volume forecast
- 6 Five Forces Analysis
- 6.1. Summary
- 6.2. Buyer power
- 6.3. Supplier power
- 6.4. New entrants
- 6.5. Threat of substitutes
- 6.6. Degree of rivalry
- 7 Competitive Landscape
- 7.1. Market share
- 7.2. Who are the leading players?
- 7.3. How are strategic alliances used by the leading companies?
- 7.4. How is new technology opening up competition?
- 7.5. How are leading players progressing in the hybrid and electric cars segment?
- 7.6. What impact is the COVID-19 pandemic having on leading players?
- 8 Company Profiles
- 8.1. Suzuki Motor Corporation
- 8.2. Hyundai Motor Company
- 8.3. Mahindra & Mahindra Limited
- 8.4. Tata Motors Limited
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. Related MarketLine research
- 10.4. About MarketLine
- List of Tables
- Table 1: India new cars market value: $ billion, 2017-21(e)
- Table 2: India new cars market volume: thousand units, 2017-21(e)
- Table 3: India new cars market geography segmentation: $ billion, 2021(e)
- Table 4: India new cars market value forecast: $ billion, 2021-26
- Table 5: India new cars market volume forecast: thousand units, 2021-26
- Table 6: India new cars market share: % share, by volume, 2021(e)
- Table 7: Suzuki Motor Corporation: key facts
- Table 8: Suzuki Motor Corporation: Annual Financial Ratios
- Table 9: Suzuki Motor Corporation: Key Employees
- Table 10: Suzuki Motor Corporation: Key Employees Continued
- Table 11: Hyundai Motor Company: key facts
- Table 12: Hyundai Motor Company: Annual Financial Ratios
- Table 13: Hyundai Motor Company: Key Employees
- Table 14: Mahindra & Mahindra Limited: key facts
- Table 15: Mahindra & Mahindra Limited: Annual Financial Ratios
- Table 16: Mahindra & Mahindra Limited: Key Employees
- Table 17: Mahindra & Mahindra Limited: Key Employees Continued
- Table 18: Tata Motors Limited: key facts
- Table 19: Tata Motors Limited: Annual Financial Ratios
- Table 20: Tata Motors Limited: Key Employees
- Table 21: India size of population (million), 2017-21
- Table 22: India gdp (constant 2005 prices, $ billion), 2017-21
- Table 23: India gdp (current prices, $ billion), 2017-21
- Table 24: India inflation, 2017-21
- Table 25: India consumer price index (absolute), 2017-21
- Table 26: India exchange rate, 2016-20
- List of Figures
- Figure 1: India new cars market value: $ billion, 2017-21(e)
- Figure 2: India new cars market volume: thousand units, 2017-21(e)
- Figure 3: India new cars market geography segmentation: % share, by value, 2021(e)
- Figure 4: India new cars market value forecast: $ billion, 2021-26
- Figure 5: India new cars market volume forecast: thousand units, 2021-26
- Figure 6: Forces driving competition in the new cars market in India, 2021
- Figure 7: Drivers of buyer power in the new cars market in India, 2021
- Figure 8: Drivers of supplier power in the new cars market in India, 2021
- Figure 9: Factors influencing the likelihood of new entrants in the new cars market in India, 2021
- Figure 10: Factors influencing the threat of substitutes in the new cars market in India, 2021
- Figure 11: Drivers of degree of rivalry in the new cars market in India, 2021
- Figure 12: India new cars market share: % share, by volume, 2021(e)
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