New Cars in India industry profile provides top-line qualitative and quantitative summary information including: market size (value 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- New cars market includes retail sales/registrations of new passenger cars. The scope of passenger cars covers saloons, hatchbacks, SUVs, 4x4s, and light pickup vehicles. Market volume refers to the total number of cars sold in a year, while market value is calculated by multiplying the average retail selling price with the market volume.
- The Indian new cars market recorded revenues of $67.9 billion in 2024, representing a compound annual growth rate (CAGR) of 8.2% between 2019 and 2024.
- Market consumption volume increased with a CAGR of 8.2% between 2019 and 2024, reaching a total of 4,202,498.0 units in 2024.
- In 2024, the Indian new cars market grew by 4.7% annually, fueled by increased per capita disposable income. According to the Reserve Bank of India, the net disposable income per household in India increased to $7,984.2 in 2024, from $7,631.8 in 2023. This rise in income has positively influenced consumer purchasing power and the demand for new cars.
Report Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the new cars market in India
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the new cars market in India
- Leading company profiles reveal details of key new cars market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the India new cars market with five year forecasts
Reasons to Buy
- What was the size of the India new cars market by value in 2024?
- What will be the size of the India new cars market in 2029?
- What factors are affecting the strength of competition in the India new cars market?
- How has the market performed over the last five years?
- What are the main segments that make up India's new cars market?
Table of Contents
1 Executive Summary
2 Market Overview
3 Market Data
4 Market Segmentation
5 Market Outlook
6 Five Forces Analysis
7 Competitive Landscape
8 Company Profiles
9 Macroeconomic Indicators
10 Appendix
List of Tables
List of Figures
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Suzuki Motor Corp
- Hyundai Motor Co
- Tata Motors Ltd
- Mahindra & Mahindra Ltd
