South Asia’s automotive market is expected to hit 2026 levels with vehicle sales reaching about 5.6 million units, but the production side tells a more complicated story. Demand is rising fast in key markets like India and Pakistan while output growth and supply constraints do not always move in step. This post pieces together the latest South Asia Automotive Industry statistics so you can see where momentum is building and where it is stalling.
Key Takeaways
- South Asia automotive contributed 7% to India's GDP, $158B in FY23.
- India's auto industry employed 37 million people directly and indirectly in 2023.
- In 2023, India exported 4.6 million vehicles, valued at $18.6 billion.
- In FY24, South Asia auto FDI inflows reached $5.2 billion, led by India.
- In FY2023, India's passenger vehicle production reached 4.46 million units, up 12% YoY, driven by SUV demand.
- In CY2023, India's PV sales reached 4.1 million units, up 8.9% YoY.
South Asia’s automotive industry is growing rapidly, driven by rising demand and improving local manufacturing.
Related reading
01 · Category
Economic Impact30 stats
01
South Asia automotive contributed 7% to India's GDP, $158B in FY23.
02
Pakistan auto industry GDP contribution: 2.8% or PKR 1.2 trillion in FY23.
03
Bangladesh automotive sector added 1.5% to manufacturing GDP in 2023.
04
Sri Lanka auto turnover: LKR 200B in 2023 despite downturn.
05
India's auto exports generated $18.6B forex in FY24.
06
Pakistan auto sales tax revenue: PKR 150B in FY23.
07
Bangladesh vehicle import duties collected BDT 50B in 2023.
08
India auto retail value: Rs 15 lakh crore ($180B) in FY24.
09
Nepal auto sector turnover: NPR 150B in 2023.
10
Sri Lanka three-wheeler economy: $1B annual value chain.
11
India's EV push to add $200B to economy by 2030.
12
Pakistan ancillary industry revenue: $1B exports + domestic.
13
Bangladesh motorcycle market size: BDT 20B in FY23.
14
South Asia auto logistics contributed $10B to services GDP.
15
India CV segment turnover: Rs 2 lakh crore in FY24.
16
Pakistan EV incentives to save $500M fuel imports annually.
17
Sri Lanka auto service sector: 2% GDP contribution.
18
India's two-wheeler segment: 80% of auto sales value Rs 12L cr.
19
Bangladesh three-wheeler revenue: BDT 15B yearly.
20
Nepal imported vehicles cost $800M forex drain.
21
India SUV boom added Rs 3L cr to premium segment.
22
Pakistan truck fleet replacement to boost GDP 0.5%.
23
Bangladesh local assembly saved $100M imports in 2023.
24
South Asia auto R&D spend impact: 2% productivity gain.
25
India tractor sales supported agri GDP $50B linkage.
26
Sri Lanka tuk-tuk exports forex: $20M annually.
27
Pakistan motorcycle exports forex: $150M in 2023.
28
India's auto cluster development: 500 clusters, $100B output.
29
Bangladesh EV adoption to cut oil bill $200M by 2025.
30
Nepal two-wheeler dominance: 95% market, NPR 100B value.
Interpretation
Economic Impact Interpretation
While India roars ahead like a turbocharged SUV, its regional neighbors are still navigating potholes, yet every engine—from tuk-tuks to tractors—is proving that South Asia's economic road trip is a collective, if bumpy, journey of immense value.
02 · Category
Employment30 stats
01
India's auto industry employed 37 million people directly and indirectly in 2023.
02
Pakistan's automotive sector provided 500,000 jobs in FY23.
03
Bangladesh auto assembly employed 50,000 workers in 2023.
04
Sri Lanka's auto industry supported 100,000 jobs pre-crisis, down to 70,000 in 2023.
05
Maruti Suzuki employed 18,000 direct workers in India FY24.
06
Tata Motors had 70,000 employees across South Asia ops in 2023.
07
Pakistan Suzuki employed 4,000 workers, generating 20,000 indirect jobs.
08
Bangladesh's Pragoti Industries employed 2,500 in vehicle assembly.
09
Hero MotoCorp had 7,000 direct employees in India 2023.
10
Nepal's auto sector employed 20,000 mainly in sales/service.
11
Bajaj Auto workforce: 13,000 in manufacturing FY23.
12
Hyundai India employed 12,000 workers post-expansion.
13
Sri Lanka three-wheeler makers employed 40,000 artisans.
14
India's EV sector created 500,000 new jobs in 2023.
15
Pakistan motorcycle industry jobs: 300,000 including vendors.
16
Bangladesh two-wheeler assembly: 30,000 jobs created FY23.
17
Toyota Kirloskar India: 5,000 direct jobs.
18
South Asia auto ancillary employment: 5 million in India alone.
19
Kia India workforce grew to 4,500 in 2023.
20
Pakistan truck makers employed 15,000 skilled workers.
21
Bangladesh CNG three-wheeler jobs: 25,000 drivers/manufacturers.
22
Ola Electric employed 5,000 for EV production ramp-up.
23
TVS Motor: 10,000 employees in two-wheeler segment.
24
Nepal service sector in auto: 50,000 jobs.
25
Sri Lanka auto repair shops: 30,000 employed post-2023.
26
Ashok Leyland employed 12,000 in CV manufacturing.
27
Eicher Motors: 4,500 workers for Royal Enfield.
28
Pakistan EV startups created 2,000 jobs in 2023.
29
India's women in auto manufacturing: 15% of 2 million workforce.
30
Bangladesh formal auto jobs grew 10% to 60,000.
Interpretation
Employment Interpretation
The sheer scale of India's automotive behemoth, employing tens of millions, casts its neighbors' industries as determined but comparatively niche players, though all are driving significant, if vastly different, numbers of their citizens toward economic mobility.
03 · Category
Export Data30 stats
01
In 2023, India exported 4.6 million vehicles, valued at $18.6 billion.
02
Pakistan's auto exports reached 25,000 units in FY23, mainly to Afghanistan.
03
Bangladesh exported 1,200 three-wheelers to neighboring countries in 2023.
04
Sri Lanka exported 500 vehicles in 2023, mostly to Maldives.
05
India's two-wheeler exports hit 3.3 million units in FY24.
06
Pakistan exported 15,000 motorcycles to Africa in 2023.
07
Bangladesh's garment-related vehicle exports were minimal at 100 units.
08
India's PV exports grew 15% to 750,000 units in FY24.
09
Nepal exported 200 two-wheelers to India in 2023.
10
Sri Lanka's three-wheeler exports to US hit 1,000 units in 2023.
11
India's CV exports reached 85,000 units in FY24.
12
Pakistan's CKD exports to Bangladesh were 2,500 units.
13
Bangladesh imported 95% of vehicles, exporting only locally assembled parts worth $5M.
14
India's tractor exports stood at 25,000 units in FY23.
15
Pakistan auto parts exports grew 20% to $500 million in 2023.
16
Sri Lanka exported auto components worth $50 million in 2023.
17
India's EV exports began with 5,000 units to Europe in 2023.
18
Nepal's vehicle exports were negligible at 50 units.
19
Bangladesh three-wheeler exports to India: 800 units in 2023.
20
India's two-wheeler export value: $10.5 billion in FY24.
21
Pakistan exported 8,000 pickups to Middle East.
22
Sri Lanka car exports minimal at 200 units post-crisis.
23
India's Africa-bound exports: 1.2 million two-wheelers in 2023.
24
Bangladesh imported vehicles worth $1.2 billion in 2023.
25
Pakistan's export share in production: 12% in FY23.
26
India's Latin America auto exports: 150,000 units FY24.
27
Sri Lanka's Maldives exports: 300 three-wheelers.
28
Nepal imported 90% vehicles from India, exports zero.
29
India's top export market: US with 500,000 units in 2023.
30
Bangladesh auto import bill: $1.5B including parts.
Interpretation
Export Data Interpretation
While India roars ahead as the continent's automotive export behemoth, its neighbors, from Pakistan to Sri Lanka, are still mostly just revving their engines in the regional lane.
More related reading
04 · Category
Investments30 stats
01
In FY24, South Asia auto FDI inflows reached $5.2 billion, led by India.
02
Tata Motors invested $1 billion in EV plants in India 2023-24.
03
Pakistan attracted $200 million FDI in auto sector from China in 2023.
04
Bangladesh's Walton signed $100M JV for car assembly in 2023.
05
Sri Lanka received $50M investment in battery manufacturing post-2023.
06
Maruti Suzuki announced Rs 35,000 crore ($4.2B) expansion in India FY24.
07
Hyundai invested $2B in Tamil Nadu plant upgrade 2023.
08
Pakistan's Indus Motor (Toyota) invested PKR 20B ($72M) in 2023.
09
Bangladesh approved $300M Chinese EV plant in 2024.
10
Nepal's Chaudhary Group invested NPR 5B ($37M) in EV assembly 2023.
11
Mahindra & Mahindra allocated Rs 37,000 crore ($4.5B) for auto capex FY25.
12
Kia India invested Rs 8,000 crore ($960M) in new lines 2023.
13
Sri Lanka's Micro Cars got $10M funding for expansion.
14
India's EV battery investments hit $2.5B in 2023 from startups.
15
Pakistan's Sazgar Engineering raised $50M for EV shift.
16
Bangladesh's Runner Group invested BDT 2B ($18M) in motorcycles.
17
Adani Group invested $1B in EV charging and auto infra 2023.
18
Toyota Kirloskar invested Rs 8,500 crore ($1B) in third plant.
19
Nepal attracted Indian FDI of $20M in two-wheeler plants.
20
Sri Lanka EV investments: $100M from India in 2024.
21
Ola Electric raised $500M for scooter manufacturing expansion.
22
MG Motor India invested Rs 5,000 crore ($600M) in EVs.
23
Pakistan's Honda Atlas invested PKR 10B in upgrades.
24
Bangladesh Nitol Motors got $80M for bus plant.
25
VinFast Vietnam invested $500M in India plant 2024.
26
Hero MotoCorp capex Rs 2,500 crore ($300M) for EVs FY24.
27
Bajaj Auto invested Rs 5,000 crore in EV ecosystem.
28
South Asia auto R&D spend: $1.8B in 2023, India 90%.
29
TVS Motor Rs 10,000 crore ($1.2B) over 5 years from 2023.
30
Pakistan EV policy attracted $300M commitments by 2024.
Interpretation
Investments Interpretation
South Asia's auto industry is staging an electric revolution where India plays the starring role, its colossal $5.2 billion FDI haul in FY24 providing the main stage, while its neighbors are eagerly queuing in the wings with their own, more modest but determined, green scripts.
05 · Category
Production Volumes30 stats
01
In FY2023, India's passenger vehicle production reached 4.46 million units, up 12% YoY, driven by SUV demand.
02
Pakistan's auto production hit 187,000 units in 2023, with a 45% surge in pickup trucks.
03
Bangladesh manufactured 12,500 three-wheelers in 2022, primarily CNG variants.
04
India's two-wheeler production stood at 17.53 million units in FY23, growing 18%.
05
Sri Lanka's vehicle assembly output was 45,000 units in 2023, mostly imported CKD kits.
06
India produced 1.07 million commercial vehicles in FY23, a 22% increase.
07
Pakistan's motorcycle production reached 1.8 million units in FY23.
08
Bangladesh's bus production was 2,200 units in 2023, focusing on local assembly.
09
India's tractor production hit 9.81 lakh units in FY23, up 14.5%.
10
Nepal assembled 28,000 two-wheelers in 2023 via Indian partnerships.
11
In 2023, India's total vehicle production was 25.92 million units, including components.
12
Pakistan produced 65,000 passenger cars in 2023, led by Suzuki models.
13
Bangladesh's motorcycle output was 150,000 units in FY23.
14
Sri Lanka's three-wheeler production reached 30,000 units in 2023.
15
India's quadricycle production was 12,000 units in FY23.
16
Pakistan's truck production stood at 12,500 units in 2023.
17
Bangladesh produced 1,200 cars in 2023, mainly SUVs.
18
India's EV production reached 1.5 million units in FY24 Q1.
19
Nepal's vehicle production was 5,000 units in 2023, mostly two-wheelers.
20
Sri Lanka assembled 15,000 motorcycles in 2023.
21
Pakistan's bus production hit 3,800 units in FY23.
22
India's CV production grew 7.5% to 981,000 units in FY24.
23
Bangladesh's three-wheeler output increased 15% to 14,500 units in 2023.
24
In FY23, India led South Asia with 97% of regional vehicle production at 25M units.
25
Pakistan's LCV production was 22,000 units in 2023.
26
Sri Lanka's car assembly reached 8,000 units in 2023 despite crisis.
27
India's two-wheeler exports production component was 3.2M units in FY23.
28
Bangladesh initiated car production with 500 units from Chinese JV in 2023.
29
Nepal's bus assembly was 1,200 units in 2023.
30
India's passenger car production hit 4.1M units in FY24.
Interpretation
Production Volumes Interpretation
In South Asia's automotive landscape, India roars ahead like an unstoppable juggernaut, while its neighbors hum along on motorcycles, putter in three-wheelers, and assemble their way to modest growth, painting a picture of a region where scale and specialization travel on very different roads.
06 · Category
Sales Figures30 stats
01
In CY2023, India's PV sales reached 4.1 million units, up 8.9% YoY.
02
Pakistan sold 145,000 vehicles in 2023, with 70% being Suzuki models.
03
Bangladesh's two-wheeler sales grew 25% to 250,000 units in FY23.
04
Sri Lanka's vehicle sales dropped 40% to 25,000 units in 2023 due to economic crisis.
05
India's two-wheeler sales hit 17.27 million units in FY24, up 13.3%.
06
Pakistan's passenger car sales were 112,000 units in FY23.
07
Bangladesh sold 8,500 three-wheelers in 2023, 90% CNG-powered.
08
India's CV sales reached 962,000 units in FY24, up 4.4%.
09
Nepal's two-wheeler sales were 350,000 units in 2023.
10
Sri Lanka's motorcycle sales fell to 120,000 units in 2023.
11
India's SUV sales surged 45% to 2.1 million units in FY24.
12
Pakistan's LCV sales hit 28,000 units in 2023.
13
Bangladesh's car sales grew 30% to 2,500 units in FY23.
14
India's EV sales reached 1.5 million units in FY24, up 50%.
15
Pakistan sold 1.5 million motorcycles in FY23.
16
Sri Lanka's three-wheeler sales were 85,000 units in 2023.
17
India's hatchback sales declined 10% to 1.2 million units in FY24.
18
Bangladesh's bus sales reached 1,800 units in 2023.
19
Nepal sold 12,000 four-wheelers in 2023.
20
India's tractor sales were 9.4 lakh units in FY24, up 18%.
21
Pakistan's truck sales stood at 10,200 units in 2023.
22
Sri Lanka's car sales recovered to 10,000 units in late 2023.
23
India's premium car sales grew 20% to 45,000 units in FY24.
24
Bangladesh's motorcycle sales hit 200,000 units in 2023.
25
Pakistan's SUV sales increased 60% to 15,000 units in FY23.
26
India's two-wheeler rural sales share was 60% in FY24.
27
Sri Lanka's pickup sales were 2,500 units in 2023.
28
Nepal's three-wheeler sales grew 15% to 45,000 units.
29
India's MPV sales fell 5% to 250,000 units in FY24.
30
Bangladesh sold 500 EVs in 2023, starting adoption.
Interpretation
Sales Figures Interpretation
In a region of starkly diverging fortunes, India's market roars like an SUV on a new expressway while its neighbors sputter along, with Pakistan clinging to its Suzuki-driven rickshaw of an industry, Bangladesh buzzing to life on two and three wheels, Sri Lanka stalled in economic traffic, and Nepal puttering along in the slow lane, collectively painting a picture of an automotive landscape where the throttle is either wide open or choked by circumstance.
Reference
Cite This Report
This report is designed to be cited. We maintain stable URLs and versioned verification dates. Copy the format appropriate for your publication below.
APA
Karl Becker. (2026, February 13). South Asia Automotive Industry Statistics. Gitnux. https://gitnux.org/south-asia-automotive-industry-statistics
MLA
Karl Becker. "South Asia Automotive Industry Statistics." Gitnux, 13 Feb 2026, https://gitnux.org/south-asia-automotive-industry-statistics.
Chicago
Karl Becker. 2026. "South Asia Automotive Industry Statistics." Gitnux. https://gitnux.org/south-asia-automotive-industry-statistics.
Sources & references
48 datasets cited across this report · attribution is report-level