HIGH PRIORITY MARKET - AUTOMOBILE
EXECUTIVE SUMMARY
Third-largest automobile industry by 2016E
2.40 %
8.00 %
2015 2020
By 2020 , India ' s share in the global passenger vehicle market to touch 8 per cent from 2.40 per cent in 2015
World ’ s second-largest two wheeler manufacturer |
18.5
FY . 15
|
CAGR : 12.94 %
million
|
34
FY20E
|
Two wheeler production to rise from 18.5 million in FY15 to 34 million by FY20E |
Passenger vehicle sales to nearly triple by 2020E |
3.2
FY15
|
CAGR : 25.59 %
million
|
10
FY20
|
Passenger vehicle production to increase from 3.2 million in FY15 to 10 million in FY20 |
Source : SIAM , ( National Electric Mobility Mission Plan ) NEMMP 2020 , TechSci Research ; Note : E – Estimate
EXECUTIVE SUMMARY
Domestic Sales of Passenger vehicles will grow from 2.6 million in 2015 to 9.4 to 13.4million in 2026
CAGR : 12.39 %
> 9.4
Domestic Sales of Passenger vehicles in India is expected to increase at a CAGR of 12.39 % during 2015-26
Domestic Sales of Commercial vehicles will grow from 0.6 million in 2015 to 2.0 to 3.9 million in 2026
CAGR : 11.57 %
> 2.0 |
0.6 |
|
|
2015 |
million |
2020 |
Domestic Sales of Commercial vehicles in India is expected to increase at a CAGR of 11.57 % during 2015-26
Domestic Sales of Three wheelers will grow from 0.4 million in 2010 to 0.5 million in 2015
CAGR : 3.9 %
0.5 |
0.4 |
|
|
2010 |
million |
2015 |
Domestic Sales of Three wheelers in India increased at a CAGR of 3.9 % during 2010-15
Source : SIAM , ( National Electric Mobility Mission Plan ) NEMMP 2020 , TechSci Research ; Note : E – Estimate
Spotlight on Indian Electronics 2016 | 194