India Passenger Car Market - 2022 | TechSci Research

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I n d i a Pa s s e n g e r C a r M a r k e t B
y Ve h i c l e Ty p e , B y S e g m e n t Ty p e
, B y F u e l Ty p e , B y E n g i n e C a p a c
i t y, C o m p e t i t i o n Fo r e c a s t O
p p o r t u n i t i e s , 2 0 12 2022
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T a b l e o f C o n t e n t s
S. No. Contents Contents Contents
1. Product Overview Product Overview Product Overview
2. Research Methodology Research Methodology Research Methodology
3. Analyst View Analyst View Analyst View
4. Voice of Customer Voice of Customer Voice of Customer
5. India Passenger Car Market Outlook India Passenger Car Market Outlook India Passenger Car Market Outlook
5.1. India Passenger Car Production India Passenger Car Production
5.2. India Passenger Car Market, Top 20 Selling Cars India Passenger Car Market, Top 20 Selling Cars
5.3. Market Size Forecast Market Size Forecast
5.3.1. By Value Volume
5.4. Market Share Forecast Market Share Forecast
5.4.1. By Vehicle Type (Hatchback, Sedan, SUV, MUV)
5.4.2. By Segment Type (Mini, Compact, Micro, C1, C2, D, E, F)
5.4.3. By Fuel Type (Petrol, Diesel CNG)
5.4.4. By Engine Capacity (lt1000cc, lt1000-1500cc, lt1500-2000cc, gt2000cc)
5.4.4. By Company
5.4.5. By Region
6. India Hatchback Car Market Outlook India Hatchback Car Market Outlook India Hatchback Car Market Outlook
6.1. Market Size Forecast Market Size Forecast
6.1.1. By Value Volume
6.2. Market Share Forecast Market Share Forecast
6.2.1. By Segment Type (Compact, Mini, D, Micro, C1)
6.2.2. By Fuel Type (Petrol, Diesel CNG)
6.2.3. By Engine Capacity (lt1000cc, lt1000-1500cc, lt1500-2000cc, gt2000cc)
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T a b l e o f C o n t e n t s
S. No. Contents Contents Contents
6.2.4. By Company
6.2.5. By Top Five Selling Models, By Variant
7. India Sedan Car Market Outlook India Sedan Car Market Outlook India Sedan Car Market Outlook
7.1. Market Size Forecast Market Size Forecast
7.1.1. By Value Volume
7.2. Market Share Forecast Market Share Forecast
7.2.1. By Segment Type (Compact, C1, C2, D F)
7.2.2. By Fuel Type (Petrol, Diesel CNG)
7.2.3. By Engine Capacity (lt1000-1500cc, lt1500-2000cc, gt2000cc)
7.2.4. By Company
7.2.5. By Top Five Selling Models, By Variant
8. India MUV Car Market Outlook India MUV Car Market Outlook India MUV Car Market Outlook
8.1. Market Size Forecast Market Size Forecast
8.1.1. By Value Volume
8.2. Market Share Forecast Market Share Forecast
8.2.1. By Segment Type (Compact, Mini, C1, C2, D F)
8.2.2. By Fuel Type (Petrol, Diesel CNG)
8.2.3. By Engine Capacity (lt1000cc, lt1000-1500cc, lt1500-2000cc, gt2000cc)
8.2.4. By Company
8.2.5. By Top Five Selling Models, By Variant
9. India SUV Car Market Outlook India SUV Car Market Outlook India SUV Car Market Outlook
9.1. Market Size Forecast Market Size Forecast
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T a b l e o f C o n t e n t s
S. No. Contents
9.1.1. By Value Volume
9.2. Market Share Forecast Market Share Forecast
9.2.1. By Segment Type (Compact, C1, C2, D E)
9.2.2. By Fuel Type (Petrol Vs. Diesel)
9.2.3. By Engine Capacity (lt1000-1500cc, lt1500-2000cc, gt2000cc)
9.2.4. By Company
9.2.5. By Top Five Selling Models, By Variant
10. Import-Export Analysis Import-Export Analysis Import-Export Analysis
10.1. Import Tariff Import Tariff
10.2. India Passenger Car Imports India Passenger Car Imports
10.3. India Passenger Car Exports India Passenger Car Exports
11. Supply Chain Analysis Supply Chain Analysis Supply Chain Analysis
12. Market Dynamics Market Dynamics Market Dynamics
12.1. Drivers Drivers
12.2. Challenges Challenges
13. Market Trends Developments Market Trends Developments Market Trends Developments
14. Policy Regulatory Landscape Policy Regulatory Landscape Policy Regulatory Landscape
15. India Economic Profile India Economic Profile India Economic Profile
16. Competitive Landscape Competitive Landscape Competitive Landscape
16.1. Maruti Suzuki India Limited Maruti Suzuki India Limited
16.2. Hyundai Motor India Limited Hyundai Motor India Limited
16.3. Honda Cars India Ltd. Honda Cars India Ltd.
16.4. Mahindra Mahindra Ltd Mahindra Mahindra Ltd
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T a b l e o f C o n t e n t s
S. No. Contents Contents
16.5. Tata Motors Limited
16.6. Toyota Kirloskar Motor Pvt Ltd.
16.7. Volkswagen India Private Limited
16.8. Ford India Private Limited
16.9. Nissan Motor India Private Limited
16.10. Skoda Auto India Private Limited
17. Strategic Recommendations Strategic Recommendations
18. About Us Disclaimer About Us Disclaimer
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P r o d u c t O v e r v i e w
Product Definition
As per the Organisation Internationale des
Constructeurs d'Automobiles (OICA), A passenger
car is a motor vehicle with at least four wheels,
used for the transport of passengers, and
comprising no more than eight seats in addition
to the driver's seat
Product Classification
Passenger Car Vehicle Segment Engine Capacity (cc) Fuel Type Class (Length) Class (Length)
Hatchback lt1000, 1000-1500, gt1500-2000, gt2000 Petrol Diesel CNG Compact (3600-4000mm) Mini (3200-3600mm) Micro (lt3200mm) C1 (4000-4250mm) D (4500-4700mm)
Sedan lt1000, 1000-1500, gt1500-2000, gt2000 Petrol Diesel CNG C1 (4000-4250mm) C2 (4250-4700mm) D (4500-4700mm) F (gt5000 mm) Compact (3600-4000mm)
MUV 1000-1500, gt1500-2000, gt2000 Petrol Diesel CNG C1 (4000-4250mm) C2 (4250-4700mm) D (4500-4700mm) E (4700-5000mm) Mini (3200-3600mm) Compact (3600-4000mm)
SUV 1000-1500, gt1500-2000, gt2000 Petrol Diesel C1 (4000-4250mm) C2 (4250-4700mm) D (4500-4700mm) E (4700-5000mm) Compact (3600-4000mm)
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R e s e a r c h M e t h o d o l o g y
Market Profiling

• In-depth secondary research was conducted to
  determine top players in the India passenger car
  market, overall market size and segmental market
  size.

Research Intelligence
Data Collection
Data Filter Analysis
Actionable Insights
Business Solution
Formulating Questionnaire

• Identifying Key Opinion Leaders
• Questionnaire Design
• In-depth Interviews

• In order to conduct interviews with industry
  experts, TechSci Research formulated a detailed
  questionnaire.

• Recent
• Developments
• Market
• Changing Aspects/Dynam ics
• Government Policies
• Final
• Conclusion

Developing List of Respondents
A Primary Research

• List of industry players, distributors, and
  industry specialists was developed.

B Desk Research
Data Collection
C Company Analysis

• TechSci Research conducted interviews

with data

• Market Participants
• Key Strengths
• Commercial Vehicle Portfolio

industry experts, industry players, for
collection and verification.
Data Validation

• Data obtained as a result of primary and
  secondary research was validated through
  rigorous triangulation.

Paid Sources
Secondary Research
Primary Research

• LinkedIn
• TechSci Internal database

• Company Website
• Company Annual Reports
• White Paper Study
• Financial Reports
• Investor
• Presentations
• Regulatory Body,
• Associations, etc.

• Factiva
• Hoovers

Data Analysis

• The data statistical

was scrutinized using MS-Excel and tools such as
Time Series Analysis,
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etc., to obtain qualitative and quantitative
insights about the India passenger car market.
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R e s e a r c h M e t h o d o l o g y
Secondary Research We have also put through an
exhaustive search of credible paid databases such
as Factiva, Hoovers, etc., in addition to our
internal database. Further analyses of credible
publications, white papers, companys annual
reports, investor presentations, news articles,
etc., were also analyzed to cross validate the
end findings derived from primary research.
S. No. Few of the Secondary Sources
1. Organisation Internationale des Constructeurs dAutomobiles (OICA)
2. Ministry of Commerce, India
3 Society of Indian Automobile Manufacturers
4. World Bank
5. International Monetary Fund (IMF)
Forecasting Technique The forecast is based on
econometric and judgemental analysis in addition
to statistical techniques such as averaging and
geometric mean. During primary research
interview, questions regarding historical sales
trend of passenger car market were put forward.
Respondents were asked about the current and
future growth rates, market share by passenger
car type in India. In order to forecast passenger
car market, following forecast techniques were
used

• Time Series Analysis
• Econometric and Judgmental Analysis
• Moving Average

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I n d u s t r y B r i e f
Passenger Car Market in India to Cross 64
Billion by 2022 According to TechSci Research
report, India Passenger Car Market By Vehicle
Type, By Segment Type, By Fuel Type, By Engine
Capacity, Competition Forecast Opportunities,
2012 2022, passenger car market in India is
forecast to surpass 64 billion by 2022. Growth
can be attributed to increasing Foreign Direct
Investment in the automotive sector, growing
number of low-priced car models, improving road
infrastructure, and surging penetration of CNG
cars in the country. Anticipated foray of
international brands such as Kia, SAIC and
Daihatsu, increasing disposable income, and
growing presence of mobility providers and
self-driving companies are some of the other
factors anticipated to boost demand for
passenger cars in India through 2022. In the
coming years, sports utility vehicles (SUV)
segment is expected to emerge as the fastest
growing vehicle type segment in India passenger
car market, backed by rising youth population,
growing demand for compact SUVs, and increasing
demand for vehicles with off-roading and greater
carrying capacity. Over the last few years,
several leading automobile manufacturers have
already launched their compact SUVs, such as
Renault Duster, Ford Ecosport, Maruti Suzuki
Scross and Maruti Suzuki Vitara Brezza in India.
During the forecast period, northern region is
likely to dominate the market as it has high
population density, better infrastructure and
comparatively higher standard of living. Make
in India and Smart Cities Mission are expected to
boost passenger car ownership in the country over
the next 5-10 years. Moreover, growing
government focus towards CNG and electric
vehicles and quick adoption of advanced
technologies by automobile manufacturers is
expected to fuel India passenger car market
through 2022., said Mr. Karan Chechi, Research
Director with TechSci Research, a research based
global management consulting firm. 9
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S a m p l e D a t a - S n a p s h o t
Figure 62 India Passenger Car Market Size, By
Value
Figure 61 India Passenger Car Production, By
Volume (Thousand
(USD Billion), By Volume (Thousand Units),
2012-2022F
Units), FY12- FY17
CAGR(FY2012-2017) X
CAGR 2017E- 2022F By Value X By Volume
X
CAGR 2012-2016 By Value X By Volume X
3500.00
3400.00
3300.00
3200.00
3100.00
3000.00
3,500
3,600
3,1003,2003,3003,400
3,000
2,6002,7002,8002,900
38 39
36 37
35
34
31 32 33
29 30
FY12
FY13
FY14
FY15
FY16
FY17
Figure 65 India Passenger Car Market Share, By
Fuel Type, By Volume, 2012-
2012 2013 2014 2015 2016
2017E2018F2019F2020F2021F2022F
2022F 50
Value (USD Billion)
Volume (Thousand Units)
50 50 50 50 50 50 50 50 50 50
Figure 74 India Hatchback Car Market Share, By
30 30 30 30 30 30 30 30 30 30 30
Top Selling Models, By Volume, By Variant, 2016
20 20 20 20 20 20 20 20 20 20 20
i20 Elite (121989)
2012 2013 2014 2015 2016 2017E 2018F 2019F 2020F
2021F 2022F Petrol Diesel CNG
10.00
40.00
20.00
Hatchback (X)
30.00
Sedan (X)
India Passenger Car Market (2016)
Segmental Shares (2016)
Asta Sportz Magna Era Source XXXXX Note These
are dummy figures please purchase our report
for actual data
MUVs (X)
X Thousand Units
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SUVs (X)
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R e p o r t O r d e r i n g
India Passenger Car Market By Vehicle Type, By
Segment Type, By Fuel Type, By Engine Capacity,
Competition Forecast Opportunities, 2012 2022
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