India Hybrid Vehicles Market - Size, Share, COVID-19 Impact & Forecasts up to 2028

India Hybrid Vehicles Market - Size, Share, COVID-19 Impact & Forecasts up to 2028

The India Hybrid Vehicles Market is projected to register a CAGR of 29.77%

Key Highlights

• Fastest-growing Segment by Body Type - Light Commercial Vans : The Market for the passenger vehicles segment is increasing due to government stringent norms on vehicular emission coupled with a high sales volume of passenger cars.
• Largest Segment by Body Type - Medium-duty Commercial Trucks : Government support through rebates, incentives, and growing demand for low or zero-emission vehicles has increased the demand for passenger cars, benefitting the passenger vehicle segment in India.

Competitive Landscape

The India Hybrid Vehicles Market is fairly consolidated, with the top five companies occupying 75.59%. The major players in this market are AB Volvo, Honda Motor Co. Ltd., Hyundai motor ltd, MG Motor India Pvt. Ltd. and Toyota Motor Corp (sorted alphabetically).

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

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