The Latest India Automobile Industry Statistics Explained
India is the fourth largest auto market in the world in terms of manufacturing and sales, as of 2020.
The statistic “India is the fourth largest auto market in the world in terms of manufacturing and sales, as of 2020” indicates that India ranks fourth globally in terms of both producing and selling automobiles. This suggests that India has a significant presence in the automotive industry, both as a manufacturing hub and as a consumer market. The ranking highlights the country’s growing economy, increased urbanization, rising middle-class population, and overall demand for vehicles. This statistic also underscores the competitive nature of the global automotive market, with India emerging as a key player in the industry.
Two-wheelers dominate the Indian automobile market, with a share of 80% in 2020.
The statistic indicates that in the Indian automobile market in 2020, two-wheelers hold a significant majority share of 80%, showing their dominant presence compared to other types of vehicles such as cars, buses, or commercial vehicles. This high market share suggests that two-wheelers are a popular mode of transportation in India, likely due to factors such as affordability, ease of maneuverability in congested urban areas, and fuel efficiency. The statistic highlights the importance of two-wheelers in the Indian transportation landscape and showcases the preference of a majority of consumers for this type of vehicle.
India’s passenger vehicle sales fell by around 18% in 2020 due to the pandemic.
The statistic that India’s passenger vehicle sales fell by around 18% in 2020 due to the pandemic indicates a significant decline in the demand for cars in the country over the course of that year. The COVID-19 pandemic had a substantial impact on various industries, including the automotive sector, leading to lower consumer confidence, disrupted supply chains, and restrictions on movement that hindered car sales. The 18% drop in passenger vehicle sales points to the economic challenges faced by individuals and businesses during the pandemic, resulting in reduced purchasing power and a shift in priorities towards more essential expenses. This statistic underscores the widespread repercussions of the pandemic on the Indian economy and highlights the resilience and adaptability required by industries to navigate such unexpected disruptions.
About 21.6 million vehicles were produced in India in fiscal year 2020.
The statistic “About 21.6 million vehicles were produced in India in fiscal year 2020” represents the total number of vehicles, including cars, motorcycles, commercial vehicles, and other modes of transportation, manufactured within India during the fiscal year 2020. This figure highlights the significant scale of India’s automotive industry, indicating a dynamic and robust manufacturing sector within the country. The production of over 21.6 million vehicles in a single fiscal year reflects both domestic demand and export capabilities, showcasing India’s growing prominence in the global automotive market and its importance as a key player in the industry.
India exported about 4.77 million vehicles in 2019.
The statistic that India exported about 4.77 million vehicles in 2019 indicates the substantial scale of the automotive industry’s international trade in the country for that year. This figure reflects the high production capacity of Indian automakers and their competitiveness in global markets. Exporting vehicles at this magnitude not only contributes significantly to India’s economy by generating revenue and creating employment opportunities but also strengthens the country’s reputation as a key player in the global automotive industry. Additionally, this statistic may suggest that Indian automakers have been able to meet the quality standards and demands of international markets, positioning them as key players in the global automotive supply chain.
In 2020, the most sold passenger vehicle in India was the Maruti Suzuki Alto, with sales reaching over 155,000 units.
The statistic indicates that in the year 2020, the Maruti Suzuki Alto was the passenger vehicle with the highest sales in India, surpassing all other car models in terms of units sold. The fact that over 155,000 units of the Maruti Suzuki Alto were sold highlights its popularity among Indian consumers. This statistic suggests that the Maruti Suzuki Alto was a preferred choice due to factors such as affordability, fuel efficiency, brand reputation, and possibly other features that appealed to the Indian market. Overall, the strong sales performance of the Maruti Suzuki Alto in 2020 showcases its dominance in the Indian passenger vehicle market during that year.
The commercial vehicles segment accounted for around 3.63% of the total automobile production in India for the fiscal year 2020.
The statistic indicates that in the fiscal year 2020, the commercial vehicles segment in India contributed to approximately 3.63% of the entire automobile production. This implies that out of all vehicles manufactured in India during that period, a relatively small proportion belonged to the commercial vehicles category. The significance of this statistic lies in understanding the composition and distribution of the automobile industry in India, with commercial vehicles serving specific purposes such as transportation of goods and passengers for commercial activities. This information can be valuable for stakeholders in the automotive sector, policymakers, and investors to assess the market dynamics and potential opportunities within the commercial vehicles segment compared to other vehicle categories.
The automotive aftermarket industry in India was valued at around $9.4 billion USD in 2020.
The statistic indicates that the automotive aftermarket industry in India generated a total revenue of approximately $9.4 billion USD in the year 2020. This value encompasses all sales of automotive parts, accessories, equipment, and services that are not directly sourced from the original equipment manufacturers (OEMs). The aftermarket industry plays a crucial role in providing maintenance, repair, customization, and enhancement solutions to vehicle owners in India after the initial purchase from OEMs. The substantial size of the industry reflects the demand for aftermarket products and services, driven by factors such as an expanding vehicle fleet, increasing average vehicle age, and consumer preferences for performance enhancements and customization options.
The auto components industry in India is expected to become the third largest in the world by 2025.
This statistic indicates that the auto components industry in India is projected to experience substantial growth and development, leading to it becoming the third largest industry of its kind globally by the year 2025. This growth is likely driven by various factors such as increasing demand for automobiles both domestically and internationally, advancements in technology, favorable government policies, and a skilled workforce. The projected rise in the ranking of India’s auto components industry underscores the country’s emerging significance in the global automotive market and represents a promising opportunity for continued economic advancement and investment in the sector.
As of 2020, India has around 250 million registered vehicles.
The statistic “As of 2020, India has around 250 million registered vehicles” provides a quantitative measure of the total number of vehicles officially registered in India as of the year 2020. This statistic highlights the significant scale of the automotive industry in India, indicating a large population of privately owned cars, motorcycles, buses, trucks, and other vehicles on the roads. The data point underscores the country’s growing urbanization and economic development, leading to an increase in vehicle ownership and usage over the years. This statistic is vital for policymakers, urban planners, and researchers to understand the impact of transportation on issues such as traffic congestion, air pollution, and infrastructure development in India.
By 2020, India was projected to have around 613 cars per 1,000 people.
The statistic “By 2020, India was projected to have around 613 cars per 1,000 people” indicates the expected ratio of cars to population in India. This means that for every 1,000 individuals in India, there were forecasted to be approximately 613 cars in the country by the year 2020. This statistic reflects the increasing trend of car ownership and mobility in India, likely driven by factors such as improving economic conditions, urbanization, and infrastructure development. It also suggests a growing demand for personal transportation and a shift towards a more car-centric society in India over time.
The car ownership rate in India increased from just 5% in 2001 to 22% in 2016.
The statistic indicates a significant increase in the car ownership rate in India over the span of 15 years, with the percentage growing from a mere 5% in 2001 to 22% in 2016. This exponential growth suggests a rising trend in vehicle ownership among the Indian population during this period. Factors such as increased disposable income, urbanization, improved infrastructure, and easier access to financing options may have contributed to this surge in car ownership. The data highlights the evolving economic landscape and changing consumer behavior in India, reflecting a shift towards greater mobility and a higher standard of living among its populace.
In fiscal year 2019, India produced almost 30.92 million motor vehicles.
The statistic “In fiscal year 2019, India produced almost 30.92 million motor vehicles” indicates the substantial scale of the automotive manufacturing industry in India during that period. This figure represents the significant output of cars, motorcycles, trucks, and other types of vehicles within a specific fiscal year. The high production volume underscores the country’s position as a major player in the global automotive market, showcasing India’s economic strength and industrial capabilities in meeting domestic and international demand for motor vehicles. The statistic also suggests the potential impact of the automotive sector on the country’s economy, including contributions to employment, GDP, and trade balances.
There were 13 passenger vehicles per 1,000 people in India in the year 2015.
The statistic ‘There were 13 passenger vehicles per 1,000 people in India in the year 2015’ represents the ratio of passenger vehicles to the population in India at a specific point in time. This figure indicates the level of motorization and vehicle ownership within the country, suggesting that for every 1,000 residents in India, there were 13 passenger vehicles in use in 2015. This statistic can be used to assess trends in transportation infrastructure, urban development, and economic growth, as higher vehicle ownership rates may imply increased consumer spending power, while also highlighting potential challenges related to traffic congestion, pollution, and access to transportation services.
Hyundai is the second largest car manufacturer in India with 17.41% market share in 2020.
The statistic indicates that Hyundai holds the position of being the second largest car manufacturer in India based on market share in the year 2020. With a market share of 17.41%, Hyundai has a substantial presence in the Indian automotive industry, capturing a significant portion of the market. This suggests that Hyundai is a major player in the Indian automotive market, competing closely with other leading car manufacturers. The statistic reflects Hyundai’s success and popularity among consumers in India, showcasing its ability to attract a sizeable portion of car buyers in the country.
Around 81,000 plug-in electric vehicles were sold in India in 2020.
The statistic ‘Around 81,000 plug-in electric vehicles were sold in India in 2020’ indicates the total number of electric vehicles, specifically plug-in electric vehicles, that were purchased in India during the calendar year 2020. This figure reflects the growing adoption of electric vehicles as a sustainable transportation option in the country. The sales of plug-in electric vehicles in India are influenced by factors such as government policies promoting electric mobility, increasing consumer awareness of environmental issues, and the expanding availability of electric vehicle models and charging infrastructure. The statistic highlights the increasing interest and shift towards electric vehicles among consumers in India as they seek cleaner and more efficient modes of transportation.
The used car market in India grew at a CAGR of 15.23% from 2015 to 2020.
The statistic indicates that the used car market in India experienced significant growth over the period from 2015 to 2020, with a Compound Annual Growth Rate (CAGR) of 15.23%. This percentage represents the average annual rate of growth in the market size over the mentioned time frame. The figure suggests that the demand for pre-owned vehicles in India has been steadily increasing, potentially driven by factors such as rising disposable incomes, changing consumer preferences towards cost-effective transportation options, and improvements in the quality and availability of used cars in the market. The consistent growth in the used car market CAGR reflects a sustained expansion of opportunities and revenues within the industry, indicating a favorable environment for buyers, sellers, and other stakeholders in the market.
The luxury car market in India was valued at over $7 billion USD in 2020.
The statistic that the luxury car market in India was valued at over $7 billion USD in 2020 indicates the significant economic value and growth potential of this sector within the Indian automotive industry. This figure suggests a robust demand for high-end vehicles in the country, reflecting the increasing purchasing power and changing consumer preferences. The valuation provides insight into the overall market size and attractiveness for luxury car manufacturers and investors seeking opportunities in India. It underscores the importance of catering to the affluent customer segment and highlights the competitive landscape and potential for further growth and market expansion in the luxury car segment in India.
There were around 69,000 automotive skilled enterprises in India in 2020.
The statistic “There were around 69,000 automotive skilled enterprises in India in 2020” indicates that there were approximately 69,000 businesses operating in the automotive sector in India during the year 2020. These enterprises are involved in providing various skills and services related to the automotive industry, such as manufacturing, repair, maintenance, or sales of vehicles and automotive parts. This statistic reflects the significant presence and contribution of the automotive sector to the Indian economy, highlighting the industry’s size, diversity, and importance in providing employment opportunities, driving economic growth, and meeting the transportation needs of the population.
References
0. – https://www.auto.economictimes.indiatimes.com
1. – https://www.www.ibef.org
2. – https://www.www.mordorintelligence.com
3. – https://www.www.bloombergquint.com
4. – https://www.www.statista.com
5. – https://www.timesofindia.indiatimes.com
6. – https://www.www.business-standard.com
7. – https://www.www.marketsandmarkets.com
8. – https://www.economictimes.indiatimes.com
9. – https://www.www.worldbank.org
10. – https://www.www.bbc.com
