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India Automotive Market Size, Share & Trends Analysis Report By Type, By Passenger Vehicles (Sedan, Hatchback, SUV, MUVs/MPVs), By Light Commercial Vehicles, By Heavy Trucks, By Buses & Coaches, And Segment Forecasts, 2025 - 2030- Product Image
India Automotive Market Size, Share & Trends Analysis Report By Type, By Passenger Vehicles (Sedan, Hatchback, SUV, MUVs/MPVs), By Light Commercial Vehicles, By Heavy Trucks, By Buses & Coaches, And Segment Forecasts, 2025 - 2030- Product Image
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India Automotive Market Size, Share & Trends Analysis Report By Type, By Passenger Vehicles (Sedan, Hatchback, SUV, MUVs/MPVs), By Light Commercial Vehicles, By Heavy Trucks, By Buses & Coaches, And Segment Forecasts, 2025 - 2030

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  • 101 Pages
  • June 2025
  • Region: India
  • Grand View Research
  • ID: 5230435
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India Automotive Market Growth & Trends

The India automotive market demand is expected to reach 8,363,344 units by 2030. It is anticipated to register a CAGR of 7.3% from 2025 to 2030. The automotive demand is driven by the rapid adoption of technology and the strong policy support from the government. Additionally, increasing awareness about environmental concerns resulting in the adoption of alternate fuel vehicles (CNG, EVs), which, in turn, is driving the market growth.

Technological advancements in the entire supply chain are anticipated to drive the market in the next seven years. For instance, companies are adopting alternate channels such as e-commerce websites to sell vehicles. Selling commercial vehicles through e-commerce websites helps the OEMs in widening their distribution network and reducing the infrastructure and labor costs. For example, Eicher Motors Limited has recently launched five new vehicles that are exclusively available through the e-commerce channel. Similarly, sales of Tata Motor’s small commercial vehicles and pickups have increased by 25% after the company opted for the e-commerce channel to sell its vehicles.

Amid the pandemic, the need to adhere to social distancing norms has encouraged consumers to invest in personal mobility options. This demand for personal transport options is a silver lining for automakers and is expected to marginally favor the growth of the country’s automotive industry over the forecast period. Isolated transport options are emerging as the need of the hour, with several consumers opting for entry-level cars amid economic uncertainties. Shared mobility is expected to take a hit in the light of this ongoing trend. As the trend is significantly impacted by the consumer’s spending power, it is expected that consumers with high spending capacity will dominate the sales of personal transportation options.

India Automotive Market Report Highlights

  • The hatchback segment held the largest market share in 2024. The large market share is attributed to its smaller size, suited to Indian roads. The country's prominent passenger car manufacturers have also developed small hatchbacks suited to the Indian market.
  • The passenger vehicles segment dominated the market with a largest market share of 72.2% in 2024.
  • The buses with tonnage capacity ranging between 3.5 to 7.5 tons segment held the largest volume share in 2024. The segment primarily includes intra-city buses and special-purpose buses used for school, local tours, ambulance, hospitality, and other services.
  • The more than 25 tons segment held the largest volume share in 2024. Growing demand for goods and increased construction and infrastructure development drive the heavy trucks market demand.
  • The less than 2 tons segment is estimated to register the fastest CAGR over the forecast period. The primary factor influencing the growth rate is the use of light vehicles for last-mile deliveries.

Why should you buy this report?

  • Comprehensive Market Analysis: Gain detailed insights into the global market across major regions and segments.
  • Competitive Landscape: Explore the market presence of key players worldwide.
  • Future Trends: Discover the pivotal trends and drivers shaping the future of the global market.
  • Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions.

This report addresses:

  • Market intelligence to enable effective decision-making
  • Market estimates and forecasts from 2018 to 2030
  • Growth opportunities and trend analyses
  • Segment and regional revenue forecasts for market assessment
  • Competition strategy and market share analysis
  • Product innovation listing for you to stay ahead of the curve
  • COVID-19's impact and how to sustain in these fast-evolving markets

This product will be delivered within 1-3 business days.

Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation and Scope
1.2. Research Methodology
1.2.1. Information Procurement
1.3. Information or Data Analysis
1.4. Methodology
1.5. Research Scope and Assumptions
1.6. Market Formulation & Validation
1.7. Country Based Segment Share Calculation
1.8. List of Data Sources
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segment Outlook
2.3. Competitive Insights
Chapter 3. India Automotive Market Variables, Trends, & Scope
3.1. Market Lineage Outlook
3.2. Market Dynamics
3.2.1. Market Driver Analysis
3.2.2. Market Restraint Analysis
3.2.3. Industry Challenge
3.3. India Automotive Market Analysis Tools
3.3.1. Industry Analysis - Porter’s
3.3.1.1. Bargaining power of the suppliers
3.3.1.2. Bargaining power of the buyers
3.3.1.3. Threats of substitution
3.3.1.4. Threats from new entrants
3.3.1.5. Competitive rivalry
3.3.2. PESTEL Analysis
3.3.2.1. Political landscape
3.3.2.2. Economic landscape
3.3.2.3. Social landscape
3.3.2.4. Technological landscape
3.3.2.5. Environmental landscape
3.3.2.6. Legal landscape
Chapter 4. India Automotive Market: Type Estimates & Trend Analysis
4.1. Segment Dashboard
4.2. India Automotive Market: Type Movement Analysis, 2024 & 2030 (Volume Units)
4.3. Passenger Vehicles
4.3.1. Passenger Vehicles Market Revenue Estimates and Forecasts, 2018 - 2030 (Volume Units)
4.4. Light Commercial Vehicles (LCVs)
4.4.1. Light Commercial Vehicles (LCVs) Market Revenue Estimates and Forecasts, 2018 - 2030 (Volume Units)
4.5. Heavy Trucks
4.5.1. Heavy Trucks Market Revenue Estimates and Forecasts, 2018 - 2030 (Volume Units)
4.6. Buses & Coaches
4.6.1. Buses & Coaches Market Revenue Estimates and Forecasts, 2018 - 2030 (Volume Units)
4.7. 3 Wheelers
4.7.1. 3 Wheelers Market Revenue Estimates and Forecasts, 2018 - 2030 (Volume Units)
Chapter 5. India Automotive Market : Passenger Vehicles Estimates & Trend Analysis
5.1. Segment Dashboard
5.2. India Automotive Market : Passenger Vehicles Movement Analysis, 2024 & 2030 (Volume Units)
5.3. Sedan
5.3.1. Sedan Market Revenue Estimates and Forecasts, 2018 - 2030 (Volume Units)
5.4. Hatchback
5.4.1. Hatchback Market Revenue Estimates and Forecasts, 2018 - 2030 (Volume Units)
5.4.2. Mini Hatchback
5.4.2.1. Hatchback Market Revenue Estimates and Forecasts, 2018 - 2030 (Volume Units)
5.4.3. Small Hatchback
5.4.3.1. Small Hatchback Market Revenue Estimates and Forecasts, 2018 - 2030 (Volume Units)
5.5. MUVs/MPVs/Vans
5.5.1. HMUVs/MPVs/Vans Market Revenue Estimates and Forecasts, 2018 - 2030 (Volume Units)
Chapter 6. India Automotive Market : Light Commercial Vehicles Estimates & Trend Analysis
6.1. Segment Dashboard
6.2. India Automotive Market : Light Commercial Vehicles Movement Analysis, 2024 & 2030 (Volume Units)
6.3. Less than 2 Tons
6.3.1. Less than 2 Tons Market Revenue Estimates and Forecasts, 2018 - 2030 (Volume Units)
6.4. 2 to 3.5 Tons
6.4.1. 2 to 3.5 Tons Market Revenue Estimates and Forecasts, 2018 - 2030 (Volume Units)
6.5. 3.5 to 7.5 Tons
6.5.1. 3.5 to 7.5 Tons Market Revenue Estimates and Forecasts, 2018 - 2030 (Volume Units)
Chapter 7. India Automotive Market : Heavy Trucks Estimates & Trend Analysis
7.1. Segment Dashboard
7.2. India Automotive Market : Heavy Trucks Movement Analysis, 2024 & 2030 (Volume Units)
7.3. 7.5 to 12 Tons
7.3.1. 7.5 to 12 Tons Market Revenue Estimates and Forecasts, 2018 - 2030 (Volume Units)
7.4. 12 to 25 Tons
7.4.1. 12 to 25 Tons Market Revenue Estimates and Forecasts, 2018 - 2030 (Volume Units)
7.5. More than 25 Tons
7.5.1. 25 Tons Market Revenue Estimates and Forecasts, 2018 - 2030 (Volume Units)
Chapter 8. India Automotive Market : Buses & Coaches Estimates & Trend Analysis
8.1. Segment Dashboard
8.2. India Automotive Market : Buses & Coaches Movement Analysis, 2024 & 2030 (Volume Units)
8.3. 3.5 to 7.5 Tons
8.3.1. 3.5 to 7.5 Tons Market Revenue Estimates and Forecasts, 2018 - 2030 (Volume Units)
8.4. 7.5 to 12 Tons
8.4.1. 7.5 to 12 Tons Market Revenue Estimates and Forecasts, 2018 - 2030 (Volume Units)
8.5. More than 12 Tons
8.5.1. More than 12 Tons Market Revenue Estimates and Forecasts, 2018 - 2030 (Volume Units)
Chapter 9. Competitive Landscape
9.1. Company Categorization
9.2. Company Market Positioning
9.3. Company Heat Map Analysis
9.4. Company Profiles/Listing
9.4.1. ASHOK LEYLAND
9.4.1.1. Participant’s Overview
9.4.1.2. Financial Performance
9.4.1.3. Product Benchmarking
9.4.1.4. Strategic Initiatives
9.4.2. Bajaj Auto Ltd.
9.4.2.1. Participant’s Overview
9.4.2.2. Financial Performance
9.4.2.3. Product Benchmarking
9.4.2.4. Strategic Initiatives
9.4.3. Mercedes-Benz Group AG.
9.4.3.1. Participant’s Overview
9.4.3.2. Financial Performance
9.4.3.3. Product Benchmarking
9.4.3.4. Strategic Initiatives
9.4.4. EICHER MOTORS LIMITED
9.4.4.1. Participant’s Overview
9.4.4.2. Financial Performance
9.4.4.3. Product Benchmarking
9.4.4.4. Strategic Initiatives
9.4.5. Honda Motor Co., Ltd.
9.4.5.1. Participant’s Overview
9.4.5.2. Financial Performance
9.4.5.3. Product Benchmarking
9.4.5.4. Strategic Initiatives
9.4.6. Hyundai Motor India
9.4.6.1. Participant’s Overview
9.4.6.2. Financial Performance
9.4.6.3. Product Benchmarking
9.4.6.4. Strategic Initiatives
9.4.7. Mahindra&Mahindra Ltd.
9.4.7.1. Participant’s Overview
9.4.7.2. Financial Performance
9.4.7.3. Product Benchmarking
9.4.7.4. Strategic Initiatives
9.4.8. MARUTI SUZUKI INDIA LIMITED
9.4.8.1. Participant’s Overview
9.4.8.2. Financial Performance
9.4.8.3. Product Benchmarking
9.4.8.4. Strategic Initiatives
9.4.9. Piaggio & C. SpA
9.4.9.1. Participant’s Overview
9.4.9.2. Financial Performance
9.4.9.3. Product Benchmarking
9.4.9.4. Strategic Initiatives
9.4.10. Tata Motors
9.4.10.1. Participant’s Overview
9.4.10.2. Financial Performance
9.4.10.3. Product Benchmarking
9.4.10.4. Strategic Initiatives
List of Tables
Table 1 India Automotive Market size estimates & forecasts 2018 - 2030 (Volume Units)
Table 2 India Automotive Market , by Type 2018 - 2030 (Volume Units)
Table 3 India Automotive Market , by Passenger Vehicles 2018 - 2030 (Volume Units)
Table 4 India Automotive Market , By Light Commercial Vehicles 2018 - 2030 (Volume Units)
Table 5 India Automotive Market , by Heavy Trucks 2018 - 2030 (Volume Units)
Table 6 India Automotive Market , by Buses & Coaches 2018 - 2030 (Volume Units)
Table 7 Passenger Vehicles market, by region 2018 - 2030 (Volume Units)
Table 8 Light Commercial Vehicles market, by region 2018 - 2030 (Volume Units)
Table 9 Heavy Trucks market, by region 2018 - 2030 (Volume Units)
Table 10 Buses & Coaches market, by region 2018 - 2030 (Volume Units)
Table 11 3 wheelers market, by region 2018 - 2030 (Volume Units)
Table 12 Sedan market, by region 2018 - 2030 (Volume Units)
Table 13 Hatchback market, by region 2018 - 2030 (Volume Units)
Table 14 Mini Hatchback market, by region 2018 - 2030 (Volume Units)
Table 15 Small Hatchback market, by region 2018 - 2030 (Volume Units)
Table 16 SUVs market, by region 2018 - 2030 (Volume Units)
Table 17 MUVs/MPVs/Vans market, by region 2018 - 2030 (Volume Units)
Table 18 2 to 3.5 Tons market, by region 2018 - 2030 (Volume Units)
Table 19 3.5 to 7.5 Tons market, by region 2018 - 2030 (Volume Units)
Table 20 7.5 to 12 Tons market, by region 2018 - 2030 (Volume Units)
Table 21 12.5 to 25 Tons market, by region 2018 - 2030 (Volume Units)
Table 22 More than 25 Tons market, by region 2018 - 2030 (Volume Units)
Table 23 3.5 to 7.5 Tons market, by region 2018 - 2030 (Volume Units)
Table 24 7.5 to 12 Tons-based market, by region 2018 - 2030 (Volume Units)
Table 25 More than 12 Tons market, by region 2018 - 2030 (Volume Units)
List of Figures
Fig. 1 India Automotive Market segmentation
Fig. 2 Market research deployment mode
Fig. 3 Information procurement
Fig. 4 Primary research pattern
Fig. 5 Market research approaches
Fig. 6 Value chain-based sizing & forecasting
Fig. 7 Parent market analysis
Fig. 8 Market formulation & validation
Fig. 9 India Automotive Market snapshot
Fig. 10 India Automotive Market segment snapshot
Fig. 11 India Automotive Market competitive landscape snapshot
Fig. 12 Market research deployment mode
Fig. 13 Market driver relevance analysis (Current & future impact)
Fig. 14 Market restraint relevance analysis (Current & future impact)
Fig. 15 India Automotive Market : Type outlook key takeaways (Volume Units)
Fig. 16 India Automotive Market : Type movement analysis 2024 & 2030 (Volume Units)
Fig. 17 Passenger Vehicles market revenue estimates and forecasts, 2018 - 2030 (Volume Units)
Fig. 18 Light Commercial Vehicles market revenue estimates and forecasts, 2018 - 2030 (Volume Units)
Fig. 19 Heavy Trucks market revenue estimates and forecasts, 2018 - 2030 (Volume Units)
Fig. 20 Buses & coaches market revenue estimates and forecasts, 2018 - 2030 (Volume Units)
Fig. 21 3 wheelers market revenue estimates and forecasts, 2018 - 2030 (Volume Units)
Fig. 22 India Automotive Market : Passenger Vehicles outlook key takeaways (Volume Units)
Fig. 23 India Automotive Market : Passenger Vehicles movement analysis 2024 & 2030 (Volume Units)
Fig. 24 Sedan market revenue estimates and forecasts, 2018 - 2030 (Volume Units)
Fig. 25 Hatchback market revenue estimates and forecasts, 2018 - 2030 (Volume Units)
Fig. 26 Mini Hatchback market revenue estimates and forecasts, 2018 - 2030 (Volume Units)
Fig. 27 Small Hatchback market revenue estimates and forecasts, 2018 - 2030 (Volume Units)
Fig. 28 SUVs market revenue estimates and forecasts, 2018 - 2030 (Volume Units)
Fig. 29 SUVs/MPVs/Vans market revenue estimates and forecasts, 2018 - 2030 (Volume Units)
Fig. 30 India Automotive Market : Light Commercial Vehicles outlook key takeaways (Volume Units)
Fig. 31 India Automotive Market : Light Commercial Vehicles movement analysis 2024 & 2030 (Volume Units)
Fig. 32 Less than 2 Tons market revenue estimates and forecasts, 2018 - 2030 (Volume Units)
Fig. 33 2 to 3.5 Tons market revenue estimates and forecasts, 2018 - 2030 (Volume Units)
Fig. 34 3.5 to 7.5 Tons market revenue estimates and forecasts, 2018 - 2030 (Volume Units)
Fig. 35 India Automotive Market : Heavy Trucks outlook key takeaways (Volume Units)
Fig. 36 India Automotive Market : Heavy Trucks movement analysis 2024 & 2030 (Volume Units)
Fig. 37 7.5 to 12 Tons market revenue estimates and forecasts, 2018 - 2030 (Volume Units)
Fig. 38 12 to 25 Tons market revenue estimates and forecasts, 2018 - 2030 (Volume Units)
Fig. 39 More than 25 Tons market revenue estimates and forecasts, 2018 - 2030 (Volume Units)
Fig. 40 India Automotive Market : Buses & Coaches outlook key takeaways (Volume Units)
Fig. 41 India Automotive Market : Buses & Coaches movement analysis 2024 & 2030 (Volume Units)
Fig. 42 3.5 to 7.5 Tons market revenue estimates and forecasts, 2018 - 2030 (Volume Units)
Fig. 43 7.5 to 12 Tons market revenue estimates and forecasts, 2018 - 2030 (Volume Units)
Fig. 44 More than 12 Tons market revenue estimates and forecasts, 2018 - 2030 (Volume Units)
Fig. 45 Strategy framework
Fig. 46 Company Categorization

Companies Mentioned

  • ASHOK LEYLAND
  • Bajaj Auto Ltd.
  • Mercedes-Benz Group AG.
  • EICHER MOTORS LIMITED
  • Honda Motor Co., Ltd.
  • Hyundai Motor India
  • Mahindra&Mahindra Ltd.
  • MARUTI SUZUKI INDIA LIMITED
  • Piaggio & C. SpA
  • Tata Motors

Table Information

Report AttributeDetails
No. of Pages101
PublishedJune 2025
Forecast Period2024 - 2030
Estimated Market Value ( USD ) in 2024 $ 5156483 units
Forecasted Market Value ( USD ) by 2030 $ 8363344 units
Compound Annual Growth Rate7.3%
Regions CoveredIndia
No. of Companies Mentioned10

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