The India Hybrid Vehicles Market size is estimated at USD 0.42 billion in 2024, and is expected to reach USD 1.28 billion by 2029, growing at a CAGR of 24.97% during the forecast period (2024-2029).
Key Highlights
- Fastest-growing Segment by Body Type - Light Commercial Vans : The Market for the passenger vehicles segment is increasing due to government stringent norms on vehicular emission coupled with a high sales volume of passenger cars.
- Largest Segment by Body Type - Medium-duty Commercial Trucks : Government support through rebates, incentives, and growing demand for low or zero-emission vehicles has increased the demand for passenger cars, benefitting the passenger vehicle segment in India.
India Hybrid Vehicles Industry Overview
The India Hybrid Vehicles Market is fairly consolidated, with the top five companies occupying 75.59%. The major players in this market are AB Volvo, Honda Motor Co. Ltd., Hyundai motor ltd, MG Motor India Pvt. Ltd. and Toyota Motor Corp (sorted alphabetically).Additional Benefits:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
Table of Contents
1 EXECUTIVE SUMMARY & KEY FINDINGS2 REPORT OFFERS7 KEY STRATEGIC QUESTIONS FOR VEHICLES CEOS
3 INTRODUCTION
4 KEY INDUSTRY TRENDS
5 MARKET SEGMENTATION
6 COMPETITIVE LANDSCAPE
8 APPENDIX
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- AB Volvo
- Honda Motor Co. Ltd.
- Hyundai motor ltd
- Maruti Suzuki
- MG Motor India Pvt. Ltd.
- Nissan Motor corp
- Toyota Motor Corp
Methodology
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