India New Cars Market Summary, Competitive Analysis and Forecast to 2027
Summary
New Cars in India industry profile provides top-line qualitative and quantitative summary information including: market size (value 2017-22, and forecast to 2027). 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. All market data and forecasts are represented in nominal terms (i.e., without adjustment for inflation) and all currency conversions used in the creation of this report have been calculated using constant 2021 annual average exchange rates.
- The Indian new cars market is expected to generate total revenues of $58.6 billion in 2022, representing a compound annual growth rate (CAGR) of 9.7% between 2017 and 2022.
- The market consumption volume is forecast to increase with a CAGR of 4.1% between 2017 and 2022, to reach a total of 3,765,800 cars in 2022.
- A positive macroeconomic environment that kept consumer confidence high, along with the low cost of car loans and increasing disposable incomes, stimulated demand for new vehicles and the replacement of existing old vehicles.
- Save time carrying out entry-level research by identifying the size, growth, 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 2022?
- What will be the size of the India new cars market in 2027?
- What factors are affecting the strength of competition in the India new cars market?
- How has the market performed over the last five years?
- How large is India’s new cars market in relation to its regional counterparts?
- 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?
- 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, 2017-22(e)
- Table 2: India new cars market volume: thousand units, 2017–22(e)
- Table 3: India new cars market geography segmentation: $ billion, 2022(e)
- Table 4: India new cars market value forecast: $ billion, 2022-27
- Table 5: India new cars market volume forecast: thousand units, 2022–27
- Table 6: India new cars market share: % share, by volume, 2022(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: Hyundai Motor Company: Key Employees Continued
- Table 15: Mahindra & Mahindra Limited: key facts
- Table 16: Mahindra & Mahindra Limited: Annual Financial Ratios
- Table 17: Mahindra & Mahindra Limited: Key Employees
- Table 18: Mahindra & Mahindra Limited: Key Employees Continued
- Table 19: Tata Motors Limited: key facts
- Table 20: Tata Motors Limited: Annual Financial Ratios
- Table 21: Tata Motors Limited: Key Employees
- Table 22: India size of population (million), 2018–22
- Table 23: India gdp (constant 2005 prices, $ billion), 2018–22
- Table 24: India gdp (current prices, $ billion), 2018–22
- Table 25: India inflation, 2018–22
- Table 26: India consumer price index (absolute), 2018–22
- Table 27: India exchange rate, 2017–21
- List of Figures
- Figure 1: India new cars market value: $ billion, 2017-22(e)
- Figure 2: India new cars market volume: thousand units, 2017–22(e)
- Figure 3: India new cars market geography segmentation: % share, by value, 2022(e)
- Figure 4: India new cars market value forecast: $ billion, 2022-27
- Figure 5: India new cars market volume forecast: thousand units, 2022–27
- Figure 6: Forces driving competition in the new cars market in India, 2022
- Figure 7: Drivers of buyer power in the new cars market in India, 2022
- Figure 8: Drivers of supplier power in the new cars market in India, 2022
- Figure 9: Factors influencing the likelihood of new entrants in the new cars market in India, 2022
- Figure 10: Factors influencing the threat of substitutes in the new cars market in India, 2022
- Figure 11: Drivers of degree of rivalry in the new cars market in India, 2022
- Figure 12: India new cars market share: % share, by volume, 2022(e)
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