印度品牌价值基金会（IBEF）：2024年印度汽车行业报告（英文版）（31页）.pdf

1、For updated information,please visit www.ibef.orgNovember 2024AUTOMOBILES2Table of ContentsExecutive Summary3Advantage India 4Market Overview 6Recent Trends and Strategies13Growth Drivers and Opportunities16Key Industry Contacts25Appendix273Executive summary2132 Growth prospectsThe Indian automotive

2、 industry is expected to reach US$300 billion by 2026.Strong policy support from the Government.India has ample growth potential for the passenger vehicle segment considering that at 24 per 1,000 India has the third lowest car penetration ratio among the top 13 markets.The world average stands at 31

3、4 per 1,000,implying a significant potential for growth.3 Third-largest automobile marketIn September 2024,the total passenger vehicle sales reached 3,56,752.This sectors share of the national GDP increased from 2.77%in 19921993 to around 7.1%presently.It employs about 19 million people directly and

4、 indirectly.Presence of established domestic and international original equipment manufacturers(OEMs).Strong market in terms of domestic demand and exports.1 Segmented marketThe automobile sector is split into four segments,i.e.,two-wheelers,three-wheelers,passenger vehicles,and commercial vehicles,

5、each having few market leaders.In FY23,two-wheelers and passenger cars held a market share of 75%and 18%,respectively.India is the largest E2W and E3W manufacturer in the world.20,25,993 two-wheeler units were sold in September 2024.Sources:SIAMNotes:*BMW,Mercedes,JLR&Volvo Auto data are not availab

6、le.Tata Motors Domestic Sales data included only in this document.However,without Tata Motors,Total PV would 2,87,746 for April 2024C4Advantage India5Advantage IndiaADVANTAGE INDIA1432 Rise in middle-class income and young population may result in strong growth.The Indian automotive industry is targ