India Passenger Car Market, By Vehicle Type (Hatchback, Sedan, SUV and MPV), By Fuel Type (Petrol and Diesel), By Transmission Type (Automatic and Manual), By Engine Capacity Type (<1000, 1000-1500, 1500-2000 and >2000), By Segment Type (Mini, Compact, Micro, C1, C2, D, E and F), By Region, Competition, Forecast & Opportunities, 2026

June 2020 | 71 pages | ID: I6D9EAADD14EN
TechSci Research

Abstracts

India passenger car market is projected to grow at a CAGR of around 10% and surpass $ 31.7 billion by 2026, owing to increasing per capita income and rising demand for enhanced travelling comfort. Moreover, reduction of GST to 18% from earlier 28% as well tax benefits on EMIs for loan amounts is also expected to positively influence the market in the coming years. India passenger car market witnessed sales of around 2.77 million units in FY2020. Increase in consumer spending and demand for economical and technologically advanced vehicles with automatic transmission systems such as Hatchback and Sedan cars is expected to boost demand for passenger cars during the forecast period.

India passenger car market can be classified based on Vehicle type, by Fuel type, by Transmission type and by Company/Brand. In terms of Vehicle type, the market is segmented into Sedan, Hatchback, Sports Utility Vehicle and Multi-Purpose Vehicle. In FY2020, the Hatchback segment accounted for the majority market share, followed by SUV, Sedan and MPV segments. Over the next five years, the Hatchback segment is expected to continue its dominance in the country’s passenger car market, however, the other vehicle segments are expected to witness faster growth during the forecast period.

Due to the government’s implementation of various environmental norms and Corporate Average Fuel Efficiency Norms, Diesel engine variants are less likely to be the preferred choice of consumers in the coming years. In terms of transmission type, market is divided into Automatic and Manual segments. Though Manual transmission segment continues to the dominate the market, vehicles with Automatic transmission are anticipated to witness faster rate of adoption in India over the next five years.

Based on engine capacity, vehicles with mid ranges of engine capacity, usually between 1,000 to 2,000 cubic centimeters, are expected to witness strong growth in the coming years. Maruti Suzuki India Limited, Hyundai Motors India Limited, Mahindra and Mahindra Limited, Honda Cars India Limited, Tata Motors India Limited, Toyota Kirloskar Motor Private. Limited., Ford India Private Limited, Volkswagen Group India Limited, Mitsubishi Motors India Limited and Fiat Chrysler Automobiles India Private Limited are some of the leading players and cumulatively account for a market share above 90% in India passenger car market.

Years considered for this report:

Historical Period: FY2016 – FY2019

• Base Year: FY2020
• Estimated Year: FY2021
• Forecast Period: FY2022 – FY2026

Objective of the Study:

• To analyze and forecast the market size of India Passenger Car market.
• To classify and forecast India Passenger Car market based on Vehicle type, Fuel Type, Transmission type, Engine Capacity Type, Segment Type, By Region and By Company.
• To identify drivers and challenges for India Passenger Car market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in India Passenger Car market.
• To identify and analyze the profile of leading players involved in the the India Passenger Car market.

Maruti Suzuki India Limited, Hyundai Motors India Limited, Mahindra and Mahindra Limited, Honda Cars India Limited, Tata Motors India Limited, Toyota Kirloskar Motor Private. Limited., Ford India Private Limited, Volkswagen Group India Limited, Mitsubishi Motors India Limited and Fiat Chrysler Automobiles India Private Limited are some of the leading players operating in India passenger car market. TechSci Research performed primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of passenger car manufacturers in India. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research was able to include vendors and service providers that could not be identified due to the limitations of secondary research. TechSci Research analysed product offerings, application, distribution channel and regional presence of all passenger car manufacturers across India.

TechSci Research calculated the market size of India Passenger Car market using a top down approach, where data for various segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analysing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience:

• Passenger car manufacturers, suppliers/ dealers and other stakeholders
• Government bodies such as regulating authorities and policy makers
• Organizations, forums and alliances related to India Passenger Car market
• Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for industry stakeholders such as India Passenger Car manufacturers, distributors and dealers, customers, and policy makers. The study would also help them to target the growing market segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.

Report Scope:

In this report, India Passenger Cars market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

• Market, by Vehicle:
• Sedan
• Hatchback
• SUV
• MPV
• Market, By Fuel Type:
• Petrol
• Diesel
• Sedan
• Petrol
• Diesel
• Hatchback
• Petrol
• Diesel
• SUV
• Petrol
• Diesel
• MPV
• Petrol
• Diesel
• Market, By Transmission type:
• Automatic
• Manual
• Sedan
• Automatic
• Manual
• Hatchback
• Automatic
• Manual
• SUV
• Automatic
• Manual
• MPV
• Automatic
• Manual
• Market, By Engine Capacity type:
• Less than 1000cc
• 1000-1500cc
• 1500-2000cc
• Greater than 2000cc
• Sedan
• Less than 1000cc
• 1000-1500cc
• 1500-2000cc
• Greater than 2000cc
• Hatchback
• Less than 1000cc
• 1000-1500cc
• 1500-2000cc
• Greater than 2000cc
• SUV
• Less than 1000cc
• 1000-1500cc
• 1500-2000cc
• Greater than 2000cc
• MPV
• Less than 1000cc
• 1000-1500cc
• 1500-2000cc
• Greater than 2000cc
• Market, By Segment type:
• Mini
• Compact
• Micro
• C1
• C2
• D
• E
• F
• Sedan
• Mini
• Compact
• Micro
• C1
• C2
• D
• E
• F
• Hatchback
• Mini
• Compact
• Micro
• C1
• C2
• D
• E
• F
• SUV
• Mini
• Compact
• Micro
• C1
• C2
• D
• E
• F
• MPV
• Mini
• Compact
• Micro
• C1
• C2
• D
• E
• F
• Market By Region
• North
• East
• West
• South
• Market By Company:

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in India passenger car market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).

Profit Margin Analysis

• Profit margin analysis in case of direct and indirect sales channel.

Contents

1. PRODUCT OVERVIEW

2. RESEARCH METHODOLOGY

3. ANALYST VIEW

4. VOICE OF CUSTOMER

4.1. Brand Awareness
4.2. Brand Recall
4.3. Factors Influencing Purchase Decision
4.4. Brand Satisfaction Level
4.5. Brand Switching
4.6. Brand Switching Attributes

5. INDIA PASSENGER CAR MARKET OUTLOOK

5.1. Market Size & Forecast
  5.1.1. By Value & Volume
5.2. Market Share & Forecast
  5.2.1. By Vehicle Type (Sedan, Hatchback, SUV, & MPV)
  5.2.2. By Fuel Type (Petrol & Diesel)
  5.2.3. By Transmission Type (Automatic & Manual)
  5.2.4. By Engine Capacity (<1000, 1000-1500, 1500-2000 and >2000)
  5.2.5. By Segment Type (Mini, Compact, Micro, C1, C2, D, E and F)
  5.2.6. By Region
  5.2.7. By Company

6. INDIA SEDAN CAR MARKET OUTLOOK

6.1. Market Size & Forecast
  6.1.1. By Value & Volume
6.2. Market Share & Forecast
  6.2.1. By Fuel Type (Petrol & Diesel)
  6.2.2. By Transmission Type (Automatic & Manual)
  6.2.3. By Engine Capacity (<1000, 1000-1500, 1500-2000 and >2000)
  6.2.4. By Segment Type (Mini, Compact, Micro, C1, C2, D, E and F)

7. INDIA HATCHBACK CAR MARKET OUTLOOK

7.1. Market Size & Forecast
  7.1.1. By Value & Volume
7.2. Market Share & Forecast
  7.2.1. By Fuel Type (Petrol & Diesel)
  7.2.2. By Transmission Type (Automatic & Manual)
  7.2.3. By Engine Capacity (<1000, 1000-1500, 1500-2000 and >2000)
  7.2.4. By Segment Type (Mini, Compact, Micro, C1, C2, D, E and F)

8. INDIA MPV CAR MARKET OUTLOOK

8.1. Market Size & Forecast
  8.1.1. By Value & Volume
8.2. Market Share & Forecast
  8.2.1. By Fuel Type (Petrol & Diesel)
  8.2.2. By Transmission Type (Automatic & Manual)

9. INDIA SUV CAR MARKET OUTLOOK

9.1. Market Size & Forecast
  9.1.1. By Value & Volume
9.2. Market Share & Forecast
  9.2.1. By Fuel Type (Petrol & Diesel)
  9.2.2. By Transmission Type (Automatic & Manual)
  9.2.3. By Engine Capacity (<1000, 1000-1500, 1500-2000 and >2000)
  9.2.4. By Segment Type (Mini, Compact, Micro, C1, C2, D, E and F)

10. MARKET DYNAMICS

10.1. Drivers
10.2. Challenges

11. MARKET TRENDS & DEVELOPMENTS

12. POLICY & REGULATORY LANDSCAPE

13. INDIA ECONOMIC PROFILE

14. COMPETITIVE LANDSCAPE

14.1. Maruti Suzuki India Limited
14.2. Hyundai Motor India Limited
14.3. Mahindra & Mahindra Ltd
14.4. Honda Cars India Ltd.
14.5. Tata Motors Limited
14.6. Toyota Kirloskar Motor Pvt Ltd.
14.7. Ford India Private Limited
14.8. Volkswagen India Private Limited
14.9. Mitsubishi Motor India Private Limited
14.10. FCA India Private Limited

15. STRATEGIC RECOMMENDATION

(Note: The companies list can be customized based on the client requirements.)

List Of Tables

LIST OF TABLES

Table 1: India Passenger Car Market Share, By Vehicle, By Volume FY’2016-FY’2026F
Table 2: India Passenger Car Market, By Fuel Type, By Volume Share, FY’2016-FY’2026F
Table 3: India Sedan Car Market, By Fuel Type, By Volume Share, FY’2016-FY’2026F
Table 4: India Hatchback Car Market, By Fuel Type, By Volume Share, FY’2016-FY’2026F
Table 5: India SUV Car Market, By Fuel Type, By Volume Share, FY’2016-FY’2026F
Table 6: India MPV Car Market, By Fuel Type, By Volume Share, FY’2016-FY’2026F
Table 7: India Passenger Car Market, By Transmission Type, By Volume Share, FY’2016-FY’2026F
Table 8: India Sedan Car Market, By Transmission Type, By Volume Share, FY’2016-FY’2026F
Table 9: India Hatchback Car Market, By Transmission Type, By Volume Share, FY’2016-FY’2026F
Table 10: India SUV Car Market, By Transmission Type, By Volume Share, FY’2016-FY’2026F
Table 11: India MPV Car Market, By Transmission Type, By Volume Share, FY’2016-FY’2026F
Table 12: India Passenger Car Market, By Engine Capacity Type, By Volume Share, FY'2016-FY'2026F
Table 13: India Sedan Car Market, By Engine Capacity Type, By Volume Share, FY'2016-FY'2026F
Table 14: India Hatchback Car Market, By Engine Capacity Type, By Volume Share, FY'2016-FY'2026F
Table 15: India SUV Car Market, By Engine Capacity Type, By Volume Share, FY'2016-FY'2026F
Table 16: India MPV Car Market, By Engine Capacity Type, By Volume Share, FY'2016-FY'2026F
Table 17: India Passenger Car Market, By Segment Type, By Volume Share, FY'2016-FY'2026F
Table 18: India Sedan Car Market, By Segment Type, By Volume Share, FY'2016-FY'2026F
Table 19: India Hatchback Car Market, By Segment Type, By Volume Share, FY'2016-FY'2026F
Table 20: India SUV Car Market, By Segment Type, By Volume Share, FY'2016-FY'2026F
Table 21: India MPV Car Market, By Segment Type, By Volume Share, FY'2016-FY'2026F
Table 22: India Passenger Car Market, By Region, By Volume Share, FY’2016-FY’2026F
Table 23: India Passenger Car Market, By Company, By Volume Share, FY’2016-FY’2026F

List Of Figures

LIST OF FIGURES

Figure 1: India Passenger Car Market, By Value (USD Billion, FY’2016-FY’2026F)
Figure 2: India Passenger Car Market, By Value (USD Billion, FY’2016-FY’2026F)
Figure 3: India Passenger Car Market Share, By Vehicle, By Volume (Thousand Units), FY’2016-FY’2026F
Figure 4: India Passenger Car Market Share, By Vehicle, By Value (USD Million), FY’2016-FY’2026F
Figure 5: India Passenger Car Market, By Fuel Type, By Volume Share, FY’2016-FY’2026F
Figure 6: India Sedan Car Market, By Fuel Type, By Volume Share, FY’2016-FY’2026F
Figure 7: India Hatchback Car Market, By Fuel Type, By Volume Share, FY’2016-FY’2026F
Figure 8: India SUV Car Market, By Fuel Type, By Volume Share, FY’2016-FY’2026F
Figure 9: India MPV Car Market, By Fuel Type, By Volume Share, FY’2016-FY’2026F
Figure 10: India Passenger Car Market, By Transmission Type, By Volume Share, FY’2016-FY’2026F
Figure 11: India Sedan Car Market, By Transmission Type, By Volume Share, FY’2016-FY’2026F
Figure 12: India Hatchback Car Market, By Transmission Type, By Volume Share, FY’2016-FY’2026F
Figure 13: India SUV Car Market, By Transmission Type, By Volume Share, FY’2016-FY’2026F
Figure 14: India MPV Car Market, By Transmission Type, By Volume Share, FY’2016-FY’2026F
Figure 15: India Passenger Car Market, By Engine Capacity Type, By Volume Share, FY'2016-FY'2026F
Figure 16: India Sedan Car Market, By Engine Capacity Type, By Volume Share, FY'2016-FY'2026F
Figure 17: India Hatchback Car Market, By Engine Capacity Type, By Volume Share, FY'2016-FY'2026F
Figure 18: India SUV Car Market, By Engine Capacity Type, By Volume Share, FY'2016-FY'2026F
Figure 19: India MPV Car Market, By Engine Capacity Type, By Volume Share, FY'2016-FY'2026F
Figure 20: India Passenger Car Market, By Segment Type, By Volume Share, FY'2016-FY'2026F
Figure 21: India Sedan Car Market, By Segment Type, By Volume Share, FY'2016-FY'2026F
Figure 22: India Hatchback Car Market, By Segment Type, By Volume Share, FY'2016-FY'2026F
Figure 23: India SUV Car Market, By Segment Type, By Volume Share, FY'2016-FY'2026F
Figure 24: India MPV Car Market, By Segment Type, By Volume Share, FY'2016-FY'2026F
Figure 25: India Passenger Car Market, By Region, By Volume Share, FY’2016-FY’2026F
Figure 26: India Passenger Car Market, By Company, By Volume Share, FY’2016-FY’2026F


COMPANIES MENTIONED

1. Maruti Suzuki India Limited
2. Hyundai Motor India Limited
3. Mahindra & Mahindra Ltd
4. Honda Cars India Ltd.
5. Tata Motors Limited
6. Toyota Kirloskar Motor Pvt Ltd.
7. Ford India Private Limited
8. Volkswagen India Private Limited
9. Mitsubishi Motor India Private Limited
10. FCA India Private Limited