The landscape of India’s automobile industry is evolving rapidly, influenced by economic conditions, technological advancements, and shifting consumer preferences. Our detailed report on automobile market trends in India provides an in-depth analysis of the current trends and forecasts for various segments, including two-wheelers, three-wheelers, and four-wheelers, with a special focus on the rise of electric vehicles (EVs) versus internal combustion engine (ICE) vehicles.
Two-Wheelers: The two-wheeler market in India is vibrant, with both transport and non-transport vehicles showing notable trends. Despite fluctuations, a convergence in sales between these categories suggests changing market dynamics.
Automobile market trends in India indicate that electric two-wheelers are seeing substantial growth, outpacing their combustible counterparts, reflecting a global shift towards sustainable transportation. Forecasts suggest continued dynamism in this segment, driven by economic recovery, technological advancements, and evolving consumer preferences.
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Three-Wheelers: The three-wheeler market displays fluctuations due to economic conditions and disruptions like the COVID-19 pandemic. Transport three-wheelers, crucial for last-mile connectivity and logistics services, show significant growth, whereas non-transport vehicles are on a decline.
The future of this segment remains uncertain, highlighting the challenges in forecasting. However, the general trend suggests potential opportunities for growth, especially in the electric vehicle segment, aligning with overall automobile market trends in India.
Four-Wheelers: Passenger vehicles, goods vehicles, and motor vehicles in the four-wheeler segment exhibit varying sales trajectories. Post-2020 economic recovery has spurred passenger vehicle sales, driven by urbanization and new product launches.
Goods vehicles show steady growth, supported by infrastructure development and e-commerce expansion. Electric four-wheelers are gaining traction, indicating a shift towards cleaner transportation options. These automobile market trends in India underscore the growing preference for sustainable and eco-friendly transportation solutions.
Electric Vehicles vs. Internal Combustion Engine Vehicles: Analyzing the trends across all segments, electric vehicles are on a significant growth trajectory, propelled by environmental concerns, government incentives, and technological advancements.
In contrast, ICE vehicles exhibit fluctuating trends with a gradual recovery expected. These patterns highlight the transformative shift towards electric mobility in India, with EVs poised to play a pivotal role in the future of the country’s transportation ecosystem.
For those interested in a comprehensive overview of these trends and detailed forecasts till 2030, our full report is available for download.
Discover the future of India’s automobile industry and the pivotal role of electric vehicles in shaping a sustainable transportation ecosystem.
List of Chapters:
| Executive Summary |
| 2-Wheeler market in India |
| Overview |
| Trends in the sales of 2W transport and non-transport vehicles |
| Forecasting & Growth trends in the non-transport vehicles sector |
| Forecasting & Growth trends in the Transport vehicles sector |
| Trends in the sales of 2W Electric and combustible fuel vehicles |
| Forecasting & Growth trends in the sales of Combustible fuel vehicles |
| Forecasting & Growth trends in the sales of 2-wheeler Electric Vehicles |
| 3-Wheeler market in India |
| Trends in the sales of 3W transport and non-transport vehicles |
| Forecasting & Growth trends in the non-transport vehicles sector |
| Forecasting & Growth trends in the Transport vehicles sector |
| Trends in the sales of 3W Electric and combustible fuel vehicles |
| Forecasting & Growth trends in the sales of Combustible fuel vehicles |
| Forecasting & Growth trends in the sales of 3-Wheeler Electric Vehicles |
| 4-Wheeler market in India |
| Trends in the sales of 4W Electric and combustible fuel vehicles |
| Forecasting & Growth trends in the sales of Combustible fuel vehicles |
| Forecasting & Growth trends in the sales of 4-wheeler Electric Vehicles |
The Automobile Market Trends in India
Our report provides a comprehensive analysis of the current and forecasted trends in the automobile market in India till 2030.
The report covers two-wheelers, three-wheelers, and four-wheelers, focusing on the rise of electric vehicles (EVs) versus internal combustion engine (ICE) vehicles.
Explore the evolving landscape of India’s automotive industry and the shift towards sustainable transportation solutions.
