CAGR of 6.94% Drives Indian Automotive Market to 6.38 Mn Units by 2030
CAGR of 6.94% Drives Indian Automotive Market to 6.38 Mn Units by 2030
With the growth in technological development for manufacturing of Electric vehicles in India, the need for making use of wiring harnesses has increased recently. The wiring harness includes the use of sensors, a combination of wires, electric component, actuators and lithium-ion batteries for the effective production of EV’s in India.

The Automotive Market in India was accounted for 3.99 Mn units in 2023 and the market is expected to reach 6.38 Mn units at a CAGR of 6.94 % by 2030.

 

Automotive Market Overview

The current state of terminologies, segments, functions, and industry value chain structure is examined in the Automotive Market Research Report. The report offers unbiased expert commentary on the current market situation, historical financial positions, consumption rates, supply and demand ratios, and revenue generation estimates for the forecasted period. Additionally, the report provides insights into the strategic goals and growth plans of major organizations in the Automotive sector. Various approaches such as mergers and acquisitions, government and private sector transactions, partnerships and collaborations, joint ventures, brand marketing, and product launches are analyzed. Overall, the study presents a comprehensive picture of the Automotive market at both global and regional levels.

Click here free sample report: Automotive Market

Automotive Market Scope

The report explores different strategies including mergers and acquisitions, government and private sector transactions, partnerships and collaborations, joint ventures, brand marketing, and product launches. The study presents a holistic view of the Automotive market, covering both global and regional perspectives.

 

Automotive Segmentation

The report segments the Automotive market based on various criteria to provide a detailed analysis.

by Vehicle Type

Passenger Vehicles
Hatchbacks
Mini Hatchback
Small Hatchback
Sedans
SUVs
MUVs/ MPVs
Other
Commercial Vehicles
Truck
Bus
Light Commercial Vehicle (LCV)
Others
Two Wheelers
Motorcycles
Scooters
Electric Bikes
Three Wheelers
Auto Rickshaws
Goods Carriers
Others


by Type

Petrol
Diesel
Electric cars
Others

Automotive Key Players

The major players covered in the Automotive market report are:

1. Tata Motors Ltd
2. Maruti Suzuki India Ltd
3. Mahindra & Mahindra Ltd
4. Hero MotoCorp Ltd
5. Bajaj Auto Ltd
6. Ashok Leyland Ltd
7. TVS Motor Company Ltd
8. Eicher Motors Ltd
9. Force Motors Ltd
10. SML ISUZU Ltd.
11. Honda Motor Co., Ltd.
12. Hyundai Motor India
13. Daimler AG
14. Piaggio & C.S.p.a.
15. Toyota Motor Corporation
16. Volkswagen AG
17. AB Volvo

 

Know More About The Report: Automotive Market

Automotive Regional Analysis

The regional analysis section of the report highlights key market-impacting factors and changes in regulatory oversight that affect current and future market trends. Factors such as new deals, substitute sales, national demographics, regulatory actions, and import-export taxes are used to forecast the market situation for different regions.

 

Automotive Key Questions Answered in the Automotive Market Report

- Which segment had the largest share in the Automotive market?
- How was the competitive scenario of the Automotive market in 2030?
- What are the key factors responsible for the growth of the Automotive market?
- Which region held the maximum share in the Automotive market in 2030?

Automotive About Us

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