Report Code: CMI45789

Published Date: April 2024

Pages: 320+

Category: India

Report Snapshot

CAGR: 9.6%

Source: CMI

Study Period: 2024-2033
Fastest Growing Market: India
Largest Market: India

Major Players

  • Maruti Suzuki India Limited
  • Hyundai Motor India Limited
  • Tata Motors Limited
  • Mahindra & Mahindra Limited
  • Kia Motors India
  • Others

Exclusive, in-depth market intelligence can help you increase your Revenue.

Download Sample Pdf

Reports Description

India Passenger Vehicles Market was valued at USD 65.3 Billion in 2024 and is expected to reach USD 133.8 Billion by 2033, at a CAGR of 9.6% during the forecast period 2024 – 2033.

A motor vehicle that is mainly used to transport people instead of products or cargo is called a passenger vehicle. Passenger cars are outfitted with amenities, safety measures, and seating configurations that are designed to make passengers’ journeys more comfortable and convenient.

India Passenger Vehicles: Growth Factors

Demand for compact size, aesthetic look and affordability

Compact size, fashionable design, and affordability are key factors that propel the market for passenger vehicles. Urban residents looking for convenient parking alternatives and mobility in crowded metropolitan situations are drawn to compact sizes.

Attractive design has a major role in drawing customers since aesthetics affect the items. Furthermore, economic value appeals to growing countries and consumers on a tight budget since it is affordable, fuel-efficient, and requires little maintenance.

In addition to improving passenger cars’ overall appeal, these features also take care of practical problems like usability and pricing, meeting the demands and tastes of a broad spectrum of customers.

As an outcome, in the cutthroat automobile industry, cars that combine small size, fashionable design, and affordable price are in more demand and have greater market success.  For instance, the Hyundai Grand i10 Nios is a compact hatchback that is well-known for its spacious cabin, comfortable ride, and modern amenities.

It is an improved model of the well-liked Hyundai Grand i10, which was introduced in India in 2020. The gorgeous, affordably priced Renault Kwid is a medium-sized vehicle with styling inspirations from SUVs. It has features including a computerized instrument panel and an airbag on the driver’s side. It has a large interior, excellent ground clearance, and an infotainment touchscreen.

Rising popularity of electric vehicle

Concerns about global warming and the preservation of the environment are pushing customers toward greener forms of transportation, such as electric vehicles (EVs), which emit fewer greenhouse gases than conventional cars with combustion engines.

Furthermore, EV performance, cost, and range have all improved as a result of advances in battery technology, which makes them more appealing to a wider variety of consumers. Moreover, tax breaks, incentives, and emissions limits are laws and policies that the government is using to encourage the use of electric cars.

In addition, as EV charging station infrastructure grows and automakers offer more electric car models, the popularity of EVs rises, making them a practical and affordable choice for daily transportation requirements.

Altogether, these elements working together are propelling notable expansion in the passenger vehicle market towards electric vehicles. For instance, Tata Motors accounted for 72% of the domestic EV market in 2023, next to MG Motors (10.8%) and Mahindra (9%).

The best-selling models were the Tata the MG ZS, Motors Tiago, Nexon, and Tigor, and the Mahindra XUV400. Robotic and automated industrial equipment for shipping and handling of products, installation, painting, and quality control are installed at EV production facilities located in India.

India Passenger Vehicles: Restraints

High cost and supply chain disruption

High production expenses result in higher car prices, which lower accessibility and decrease buyer demand. These costs are influenced by several variables, including labour expenses, costs of raw materials, and compliance with regulations. Disruptions to the supply chain, such as delays in logistics or shortages of essential parts, can also affect production schedules and car availability, which increases pricing pressure and affects sales.

These difficulties not only affect manufacturers but also auto dealers, suppliers, and customers, clouding the market and preventing expansion. Moreover, supply chain interruptions have become more severe in the context of international events like the COVID-19 epidemic, and Russia Russia-Ukrainian War demonstrating the passenger car market’s susceptibility to outside shocks and emphasizing the necessity of resilience and adaptation amid such difficulties.

India Passenger Vehicles Market 2024–2033 (By Propulsion Type)

India Passenger Vehicles: Opportunities

Integration of IoT and ADAS

The blending of Internet of Things (IoT) technology with Advanced Driver Assistance Systems (ADAS) has transformed the passenger vehicle business by improving security, comfort, and connectivity. More precise and flexible driver assistance features are made possible by the Internet of Things, which makes it possible for ADAS-equipped cars to gather and send real-time data from many cameras, sensors, and linked devices.

IoT-enabled ADAS systems, for instance, can give proactive breakdown warnings, automated cruise control, and lane keeping assistance by analyzing traffic patterns, highway conditions, and vehicle performance data. IoT connectivity also makes it possible for mobile devices and smart home systems to integrate seamlessly, giving drivers the ability to remotely monitor and manage their cars, access navigational aids, and get tailored suggestions.

In general, the combination of ADAS and IoT technology enhances not just driving enjoyment and safety but also transforms the passenger vehicle market by offering innovative features and personalized experiences to consumers.

For instance, Summit on Connected Vehicles 2022 India’s rate of adoption of connected cars is lower than that of the rest of the world market (43%), at 17%. But the nation is also getting ready to move toward intelligent electric mobility while putting more of an emphasis on domestic production. These kinds of gatherings will assist Indian ecosystem participants in staying abreast of global developments and equipping themselves for the impending shift.

During this session, representatives from the 5G Automotive Association, Tata Elxsi, and Dell, talked about the need for C-V2X technology to improve communication, the potential that linked mobility presents for ecosystem players, the transition from a hardware-centric to a software-centric approach, and a novel mapping solution.

India Passenger Vehicles Market 2024–2033 (By End User)

India Passenger Vehicles: Segmentation Analysis

India Passenger Vehicles market is segmented by vehicle type, propulsion type, end user and region.  Based on vehicle type, the market is classified into hatchback, sedan, SUV, MUV and others. Hatchback dominated the market in 2023 with a market share of 42.2% and is expected to keep its dominance during the forecast period 2024-2033.

Hatchbacks are ideal for urban settings with limited room for parking and mobility because of their rear door’s ability to open upward, granting access to the cargo area.

Furthermore, hatchbacks frequently have a large interior despite their small size, which allows for room for freight or baggage as well as comfortable seats for passengers. Budget-conscious buyers find hatchbacks appealing due to their lower price point and superior fuel economy when compared to bigger cars.

Additionally, hatchbacks are popular in the market for passenger cars because they appeal to a variety of groups, such as young adults, working families, and city dwellers. In general, hatchbacks are a popular option for daily commutes and urban transportation needs because they provide a blend of usefulness, cost, and efficiency.

Based on propulsion type, the market is classified into internal combustion engines, electric and hybrid. Cloud dominated the market in 2023 with a market share of 46.8% and is expected to keep its dominance during the forecast period 2024-2033. ICE-powered cars produce mechanical power which powers the wheels by burning fuel, usually gasoline or diesel, within the engine.

Due to its adaptability, ICEs may be used in a variety of configurations to fit a range of vehicle types, including trucks, SUVs, and small automobiles. As ICEs have an existing infrastructure, a large driving range, and quick refilling capabilities, vehicles continue to dominate the market despite developments in alternative engine technologies like electric and hybrid cars.

Furthermore, ongoing advancements in ICE efficiency and emissions control technology have lessened environmental issues related to the burning of fossil fuels, guaranteeing their continued use in the passenger car industry for the foreseeable future.

Based on end user, the market is classified into personal and commercial. Large enterprises dominated the market in 2023 with a market share of 75.8% and are expected to keep their dominance during the forecast period 2024-2033. Individual mobility demands and preferences are the primary drivers of the passenger car market, which is driven by personal use.

Demand for personal automobiles is driven by the need for independence, convenience, and mobility especially in locations with sparse public transit systems or large, open cities.  Furthermore, more people are owning passenger cars for personal usage due to reasons including bettering economic conditions, increasing financial resources, and changing lifestyles.

Moreover, the appealing prospect of owning a personal car is increased by technological and vehicle feature developments that meet the varied wants and tastes of users.

Report Scope

Feature of the Report Details
Market Size in 2024 USD 65.3 Billion
Projected Market Size in 2033 USD 133.8 Billion
Market Size in 2023 USD 63.4 Billion
CAGR Growth Rate 9.6% CAGR
Base Year 2023
Forecast Period 2024-2033
Key Segment By Vehicle Type, Propulsion Type, End User and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options Request tailored purchasing options to fulfil your requirements for research.

India Passenger Vehicles: Regional Analysis

Passenger Vehicles market is segmented into South India, North India, West India and East India. West India dominated the India Passenger Vehicles market in 2023 with a market share of 48.2% and is expected to keep its dominance during the forecast period 2024-2033.

The growing middle class and higher levels of disposable money have been brought about by the region’s rapidly urbanizing population, improved economic climate, and expanding population, which has raised the demand for passenger cars. Major automobile manufacturing hubs, such as Maharashtra and Gujarat, are also located in West India and draw investments from both domestic and foreign automakers.

Moreover, the region’s passenger car industry is expanding as a result of supportive government policies, remuneration and initiatives to build infrastructure. Furthermore, West India’s position as a major participant in the passenger car industry is further strengthened by the existence of important automotive clusters, research facilities, and skilled labour, all of which promote innovation, efficiency in production, and market dominance.

India Passenger Vehicles Market 2024–2033 (By Billion)

India Passenger Vehicles: Recent Developments

  • In January 2024, Tata Electric Mobility Ltd, an affiliate of Tata Motors, disclosed the official debut of its first passenger car from the Sanand factory.
  • In February 2024, Mahindra & Mahindra developed three pure EV utility vehicles. They foresee a significant market for electric SUVs and UVs and are exploring alternative fuels.
  • In September 2023, Honda Cars India Limited, the largest producer of high-end vehicles in India, announced the official launch of its latest SUV, the Honda Elevate.

List of the prominent players in the India Passenger Vehicles Market:

  • Maruti Suzuki India Limited
  • Hyundai Motor India Limited
  • Tata Motors Limited
  • Mahindra & Mahindra Limited
  • Kia Motors India
  • Toyota Kirloskar Motor Private Limited
  • Honda Cars India Limited
  • Ford India Private Limited
  • Volkswagen India Private Limited
  • Renault India Private Limited
  • Nissan Motor India Private Limited
  • MG Motor India
  • Skoda Auto India Private Limited
  • BMW India Private Limited
  • Mercedes-Benz India Private Limited
  • Audi India
  • Jeep India
  • Volvo Cars India Private Limited
  • Jaguar Land Rover India
  • Force Motors Limited
  • Others

These key players are adopting various growth strategies such as mergers & acquisitions, joint ventures, expansion, strategic alliances, new product launches, etc. to enhance their business operations and revenues.

The India Passenger Vehicles Market is segmented as follows:

By Vehicle Type

  • Hatchback
  • Sedan
  • SUV
  • MUV
  • Others

By Propulsion Type

  • Internal Combustion Engine
  • Electric
  • Hybrid

By End User

  • Personal
  • Commercial

Table of Contents

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market Research Methodology
  • Chapter 2. Executive Summary
    • 2.1 India Passenger Vehicles Market, (2024 – 2033) (USD Billion)
    • 2.2 India Passenger Vehicles Market: snapshot
  • Chapter 3. India Passenger Vehicles Market – Industry Analysis
    • 3.1 India Passenger Vehicles Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Demand for Compact Size
      • 3.2.2 aesthetic look and affordability
      • 3.2.3 Rising popularity of electric vehicle
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market Attractiveness Analysis By Vehicle Type
      • 3.7.2 Market Attractiveness Analysis By Propulsion Type
      • 3.7.3 Market Attractiveness Analysis By End User
  • Chapter 4. India Passenger Vehicles Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 India Passenger Vehicles Market: Company Market Share, 2023
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. India Passenger Vehicles Market – Vehicle Type Analysis
    • 5.1 India Passenger Vehicles Market Overview: By Vehicle Type
      • 5.1.1 India Passenger Vehicles Market Share, By Vehicle Type, 2023 and 2033
    • 5.2 Hatchback
      • 5.2.1 India Passenger Vehicles Market by Hatchback, 2024 – 2033 (USD Billion)
    • 5.3 Sedan
      • 5.3.1 India Passenger Vehicles Market by Sedan, 2024 – 2033 (USD Billion)
    • 5.4 SUV
      • 5.4.1 India Passenger Vehicles Market by SUV, 2024 – 2033 (USD Billion)
    • 5.5 MUV
      • 5.5.1 India Passenger Vehicles Market by MUV, 2024 – 2033 (USD Billion)
    • 5.6 Others
      • 5.6.1 India Passenger Vehicles Market by Others, 2024 – 2033 (USD Billion)
  • Chapter 6. India Passenger Vehicles Market – Propulsion Type Analysis
    • 6.1 India Passenger Vehicles Market Overview: By Propulsion Type
      • 6.1.1 India Passenger Vehicles Market Share, By Propulsion Type, 2023 and 2033
    • 6.2 Internal Combustion Engine
      • 6.2.1 India Passenger Vehicles Market by Internal Combustion Engine, 2024 – 2033 (USD Billion)
    • 6.3 Electric
      • 6.3.1 India Passenger Vehicles Market by Electric, 2024 – 2033 (USD Billion)
    • 6.4 Hybrid
      • 6.4.1 India Passenger Vehicles Market by Hybrid, 2024 – 2033 (USD Billion)
  • Chapter 7. India Passenger Vehicles Market – End User Analysis
    • 7.1 India Passenger Vehicles Market Overview: By End User
      • 7.1.1 India Passenger Vehicles Market Share, By End User, 2023 and 2033
    • 7.2 Personal
      • 7.2.1 India Passenger Vehicles Market by Personal, 2024 – 2033 (USD Billion)
    • 7.3 Commercial
      • 7.3.1 India Passenger Vehicles Market by Commercial, 2024 – 2033 (USD Billion)
  • Chapter 8. India Passenger Vehicles Market – Regional Analysis
    • 8.1 India Passenger Vehicles Market Regional Overview
    • 8.2 India Passenger Vehicles Market Share, by Region, 2023 & 2033 (USD Billion)
  • Chapter 9. Company Profiles
    • 9.1 Maruti Suzuki India Limited
      • 9.1.1 Overview
      • 9.1.2 Financials
      • 9.1.3 Product Portfolio
      • 9.1.4 Business Strategy
      • 9.1.5 Recent Developments
    • 9.2 Hyundai Motor India Limited
      • 9.2.1 Overview
      • 9.2.2 Financials
      • 9.2.3 Product Portfolio
      • 9.2.4 Business Strategy
      • 9.2.5 Recent Developments
    • 9.3 Tata Motors Limited
      • 9.3.1 Overview
      • 9.3.2 Financials
      • 9.3.3 Product Portfolio
      • 9.3.4 Business Strategy
      • 9.3.5 Recent Developments
    • 9.4 Mahindra & Mahindra Limited
      • 9.4.1 Overview
      • 9.4.2 Financials
      • 9.4.3 Product Portfolio
      • 9.4.4 Business Strategy
      • 9.4.5 Recent Developments
    • 9.5 Kia Motors India
      • 9.5.1 Overview
      • 9.5.2 Financials
      • 9.5.3 Product Portfolio
      • 9.5.4 Business Strategy
      • 9.5.5 Recent Developments
    • 9.6 Toyota Kirloskar Motor Private Limited
      • 9.6.1 Overview
      • 9.6.2 Financials
      • 9.6.3 Product Portfolio
      • 9.6.4 Business Strategy
      • 9.6.5 Recent Developments
    • 9.7 Honda Cars India Limited
      • 9.7.1 Overview
      • 9.7.2 Financials
      • 9.7.3 Product Portfolio
      • 9.7.4 Business Strategy
      • 9.7.5 Recent Developments
    • 9.8 Ford India Private Limited
      • 9.8.1 Overview
      • 9.8.2 Financials
      • 9.8.3 Product Portfolio
      • 9.8.4 Business Strategy
      • 9.8.5 Recent Developments
    • 9.9 Volkswagen India Private Limited
      • 9.9.1 Overview
      • 9.9.2 Financials
      • 9.9.3 Product Portfolio
      • 9.9.4 Business Strategy
      • 9.9.5 Recent Developments
    • 9.10 Renault India Private Limited
      • 9.10.1 Overview
      • 9.10.2 Financials
      • 9.10.3 Product Portfolio
      • 9.10.4 Business Strategy
      • 9.10.5 Recent Developments
    • 9.11 Nissan Motor India Private Limited
      • 9.11.1 Overview
      • 9.11.2 Financials
      • 9.11.3 Product Portfolio
      • 9.11.4 Business Strategy
      • 9.11.5 Recent Developments
    • 9.12 MG Motor India
      • 9.12.1 Overview
      • 9.12.2 Financials
      • 9.12.3 Product Portfolio
      • 9.12.4 Business Strategy
      • 9.12.5 Recent Developments
    • 9.13 Skoda Auto India Private Limited
      • 9.13.1 Overview
      • 9.13.2 Financials
      • 9.13.3 Product Portfolio
      • 9.13.4 Business Strategy
      • 9.13.5 Recent Developments
    • 9.14 BMW India Private Limited
      • 9.14.1 Overview
      • 9.14.2 Financials
      • 9.14.3 Product Portfolio
      • 9.14.4 Business Strategy
      • 9.14.5 Recent Developments
    • 9.15 Mercedes-Benz India Private Limited
      • 9.15.1 Overview
      • 9.15.2 Financials
      • 9.15.3 Product Portfolio
      • 9.15.4 Business Strategy
      • 9.15.5 Recent Developments
    • 9.16 Audi India
      • 9.16.1 Overview
      • 9.16.2 Financials
      • 9.16.3 Product Portfolio
      • 9.16.4 Business Strategy
      • 9.16.5 Recent Developments
    • 9.17 Jeep India
      • 9.17.1 Overview
      • 9.17.2 Financials
      • 9.17.3 Product Portfolio
      • 9.17.4 Business Strategy
      • 9.17.5 Recent Developments
    • 9.18 Volvo Cars India Private Limited
      • 9.18.1 Overview
      • 9.18.2 Financials
      • 9.18.3 Product Portfolio
      • 9.18.4 Business Strategy
      • 9.18.5 Recent Developments
    • 9.19 Jaguar Land Rover India
      • 9.19.1 Overview
      • 9.19.2 Financials
      • 9.19.3 Product Portfolio
      • 9.19.4 Business Strategy
      • 9.19.5 Recent Developments
    • 9.20 Force Motors Limited
      • 9.20.1 Overview
      • 9.20.2 Financials
      • 9.20.3 Product Portfolio
      • 9.20.4 Business Strategy
      • 9.20.5 Recent Developments
    • 9.21 Others.
      • 9.21.1 Overview
      • 9.21.2 Financials
      • 9.21.3 Product Portfolio
      • 9.21.4 Business Strategy
      • 9.21.5 Recent Developments
List Of Figures

Figures No 1 to 21

List Of Tables

Tables No 1 to 2

Report Methodology

In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:

Preliminary Data Mining

On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.

Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.

Statistical Model

Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.

Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.

Some of the variables taken into account for forecasting are as follows:

• Industry drivers and constraints, as well as their current and projected impact

• The raw material case, as well as supply-versus-price trends

• Current volume and projected volume growth through 2033

We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.

Primary Validation

This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.

Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.

All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:

• Market leaders

• Suppliers of raw materials

• Suppliers of raw materials

• Buyers.

The following are the primary research objectives:

• To ensure the accuracy and acceptability of our data.

• Gaining an understanding of the current market and future projections.

Data Collection Matrix

Perspective Primary research Secondary research
  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers

Market Analysis Matrix

Qualitative analysis Quantitative analysis
  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2033
  • Market revenue estimates and forecasts up to 2033, by technology
  • Market revenue estimates and forecasts up to 2033, by application
  • Market revenue estimates and forecasts up to 2033, by type
  • Market revenue estimates and forecasts up to 2033, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Prominent Player

  • Maruti Suzuki India Limited
  • Hyundai Motor India Limited
  • Tata Motors Limited
  • Mahindra & Mahindra Limited
  • Kia Motors India
  • Toyota Kirloskar Motor Private Limited
  • Honda Cars India Limited
  • Ford India Private Limited
  • Volkswagen India Private Limited
  • Renault India Private Limited
  • Nissan Motor India Private Limited
  • MG Motor India
  • Skoda Auto India Private Limited
  • BMW India Private Limited
  • Mercedes-Benz India Private Limited
  • Audi India
  • Jeep India
  • Volvo Cars India Private Limited
  • Jaguar Land Rover India
  • Force Motors Limited
  • Others


The restraints of the India Passenger Vehicles market is high cost and supply chain disruption.

The major driver for the India Passenger Vehicles market is demand for compact size, aesthetic look and affordability and rising popularity of electric vehicle.

The “Hatchback” category dominated the market in 2023.

The key players in the market are Maruti Suzuki India Limited, Hyundai Motor India Limited, Tata Motors Limited, Mahindra & Mahindra Limited, Kia Motors India, Toyota Kirloskar Motor Private Limited, Honda Cars India Limited, Ford India Private Limited, Volkswagen India Private Limited, Renault India Private Limited, Nissan Motor India Private Limited, MG Motor India, Skoda Auto India Private Limited, BMW India Private Limited, Mercedes-Benz India Private Limited, Audi India, Jeep India, Volvo Cars India Private Limited, Jaguar Land Rover India, Force Motors Limited, Others.

The market is projected to grow at a CAGR of 9.6% during the forecast period, 2024-2033.

The India Passenger Vehicles Market size was valued at USD 65.3 Billion in 2024.












What You Get :

  • PDF Report Format.
  • Can be accessible by 1 single user.
  • Free 25% or 40 hours of customisation.
  • Free post-sale service assistance.
  • 15% discount on your next purchase.
  • Dedicated account Associate .
  • Permission to print the report.
  • Service guarantee available.
  • PDF and Excel Datasheet Formats.
  • Can be accessible upto 2 to 5 users.
  • Free 35% or 60 hours of customisation.
  • Free post-sale service assistance.
  • 25% discount on your next purchase.
  • Service guarantee available.
  • Personalised market brief by author.
  • Permission to print the report.
  • Report in your Language.
  • PDF, Excel and Power Point.
  • Can be accessible by unlimited users.
  • Free 40% or 80 hours of customisation.
  • Free post-sale service assistance.
  • 30% discount on your next purchase.
  • Permission to print the report.
  • Dedicated account manager.
  • Service guarantee available.
  • Report in your Language.
  • Excel Datasheet Format.
  • Customized access as per user request.
  • Upgradable to other licenses.
  • 15% discount on your next purchase.
  • Free 20% or 10 hours of customisation.
  • In-Depth Company Profiles.
  • SWOT Analysis.
  • Identify your Competitors.
  • Recent Development Analysis.
  • Competitor Pricing Strategies.
  • Competitor Marketing Strategies.
  • Competitor Positioning and Messaging.
  • Competitor Product’s Strengths.
  • Free 20% or 10 Hours of Customisation.
  • 15% Discount on your Next Purchase.
  • Upgradable to other licenses.
  • PDF Format.
  • Permission to Print the Report.

Want to customize this report?