India Automotive Industry Comprehensive Study by Vehicle Type (Two-Wheelers, Passenger Cars, Commercial Vehicles, Three-wheelers), Fuel Type (Diesel, Petrol/Gasoline, CNG and LPG, Electric, Others) Players and Region - Global Market Outlook to 2032

India Automotive Industry Market by XX Submarkets | Forecast Years 2025-2032  

  • Summary
  • Market Segments
  • Table of Content
  • List of Table & Figures
  • Players Profiled
India Automotive Industry Market Scope
The Indian automotive industry is one of the largest and fastest-growing markets in the world, driven by increasing consumer demand, government initiatives, and advancements in technology. India is the fourth-largest automobile market globally and is projected to grow significantly due to rising disposable income, rapid urbanization, and an expanding middle class. The industry encompasses passenger vehicles, commercial vehicles, two-wheelers, and electric vehicles (EVs), with key players including Tata Motors, Mahindra & Mahindra, Maruti Suzuki, Hyundai, and Bajaj Auto. Government policies such as the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) scheme, PLI (Production Linked Incentive) scheme, and the push for sustainable mobility have accelerated EV adoption. Major automakers are investing in EV production and charging infrastructure to align with India's goal of achieving 30% electric vehicle penetration by 2030. Despite its growth, the industry faces challenges such as semiconductor shortages, rising raw material costs, and regulatory changes in emissions and safety norms. However, opportunities lie in digital transformation, connected mobility, and increased localization of manufacturing. With strong domestic demand and exports, India's automotive sector is poised for continued expansion, contributing significantly to the country’s economy and employment generation.

AttributesDetails
Study Period2020-2032
Base Year2024
UnitValue (USD Million)
Key Companies ProfiledTVS Motor Company (India), EN.WIKIPEDIA.ORG, Hero MotoCorp (India), Honda Motorcycle & Scooter India Pvt. Ltd. (India), Royal Enfield (India), Bajaj Auto Corp. (India), Suzuki Motorcycle India Private Limited (India), Tata Motors Limited (India), Hyundai Motor India Ltd (India), Mahindra & Mahindra Limited (India) and MG Motor India Pvt. Ltd. (India)
CAGR%


India Automotive Industry market is a fragmented market due to the presence of various players. Companies are focusing on developing innovative combinations and solutions to improve quality, enhances and promotes performance, along with try to incorporate latest technology. The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launch, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Research Analyst at AMA estimates that Global Manufacturers will contribute to the maximum growth of Global India Automotive Industry market throughout the predicted period.

TVS Motor Company (India), EN.WIKIPEDIA.ORG, Hero MotoCorp (India), Honda Motorcycle & Scooter India Pvt. Ltd. (India), Royal Enfield (India), Bajaj Auto Corp. (India), Suzuki Motorcycle India Private Limited (India), Tata Motors Limited (India), Hyundai Motor India Ltd (India), Mahindra & Mahindra Limited (India) and MG Motor India Pvt. Ltd. (India) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are BMW AG (Germany), Mercedes-Benz India Pvt Ltd (Germany), Lohia Auto Industries (India), Piaggio & C. SpA (Italy) and Scooters India Ltd. (India).

About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.

Segmentation Overview
The study have segmented the market of Global India Automotive Industry market by Type and Region with country level break-up.

On the basis of geography, the market of India Automotive Industry has been segmented into Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific). region held largest market share in the year 2024.



Key Target Audience
Suppliers of Raw Materials, Power Industry, Governmental Bodies, Research Organization and Others

Report Objectives / Segmentation Covered

By Vehicle Type
  • Two-Wheelers
  • Passenger Cars
  • Commercial Vehicles
  • Three-wheelers

By Fuel Type
  • Diesel
  • Petrol/Gasoline
  • CNG and LPG, Electric
  • Others

By Regions
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Taiwan
    • Australia
    • Rest of Asia-Pacific
  • 1. Market Overview
    • 1.1. Introduction
    • 1.2. Scope/Objective of the Study
      • 1.2.1. Research Objective
  • 2. Executive Summary
    • 2.1. Introduction
  • 3. Market Factor Analysis
    • 3.1. Porters Five Forces
    • 3.2. Supply/Value Chain
    • 3.3. PESTEL analysis
    • 3.4. Market Entropy
    • 3.5. Patent/Trademark Analysis
  • 4. Global India Automotive Industry, by Vehicle Type, Fuel Type and Region (value) (2019-2024)
    • 4.1. Introduction
    • 4.2. Global India Automotive Industry (Value)
      • 4.2.1. Global India Automotive Industry by: Vehicle Type (Value)
        • 4.2.1.1. Two-Wheelers
        • 4.2.1.2. Passenger Cars
        • 4.2.1.3. Commercial Vehicles
        • 4.2.1.4. Three-wheelers
      • 4.2.2. Global India Automotive Industry by: Fuel Type (Value)
        • 4.2.2.1. Diesel
        • 4.2.2.2. Petrol/Gasoline
        • 4.2.2.3. CNG and LPG, Electric
        • 4.2.2.4. Others
      • 4.2.3. Global India Automotive Industry Region
        • 4.2.3.1. Asia Pacific
          • 4.2.3.1.1. China
          • 4.2.3.1.2. Japan
          • 4.2.3.1.3. India
          • 4.2.3.1.4. South Korea
          • 4.2.3.1.5. Taiwan
          • 4.2.3.1.6. Australia
          • 4.2.3.1.7. Rest of Asia-Pacific
  • 5. India Automotive Industry: Manufacturers/Players Analysis
    • 5.1. Competitive Landscape
      • 5.1.1. Market Share Analysis
        • 5.1.1.1. Top 3
        • 5.1.1.2. Top 5
    • 5.2. Peer Group Analysis (2024)
    • 5.3. BCG Matrix
    • 5.4. Company Profile
      • 5.4.1. TVS Motor Company (India)
        • 5.4.1.1. Business Overview
        • 5.4.1.2. Products/Services Offerings
        • 5.4.1.3. Financial Analysis
        • 5.4.1.4. SWOT Analysis
      • 5.4.2. EN.WIKIPEDIA.ORG
        • 5.4.2.1. Business Overview
        • 5.4.2.2. Products/Services Offerings
        • 5.4.2.3. Financial Analysis
        • 5.4.2.4. SWOT Analysis
      • 5.4.3. Hero MotoCorp (India)
        • 5.4.3.1. Business Overview
        • 5.4.3.2. Products/Services Offerings
        • 5.4.3.3. Financial Analysis
        • 5.4.3.4. SWOT Analysis
      • 5.4.4. Honda Motorcycle & Scooter India Pvt. Ltd. (India)
        • 5.4.4.1. Business Overview
        • 5.4.4.2. Products/Services Offerings
        • 5.4.4.3. Financial Analysis
        • 5.4.4.4. SWOT Analysis
      • 5.4.5. Royal Enfield (India)
        • 5.4.5.1. Business Overview
        • 5.4.5.2. Products/Services Offerings
        • 5.4.5.3. Financial Analysis
        • 5.4.5.4. SWOT Analysis
      • 5.4.6. Bajaj Auto Corp. (India)
        • 5.4.6.1. Business Overview
        • 5.4.6.2. Products/Services Offerings
        • 5.4.6.3. Financial Analysis
        • 5.4.6.4. SWOT Analysis
      • 5.4.7. Suzuki Motorcycle India Private Limited (India)
        • 5.4.7.1. Business Overview
        • 5.4.7.2. Products/Services Offerings
        • 5.4.7.3. Financial Analysis
        • 5.4.7.4. SWOT Analysis
      • 5.4.8. Tata Motors Limited (India)
        • 5.4.8.1. Business Overview
        • 5.4.8.2. Products/Services Offerings
        • 5.4.8.3. Financial Analysis
        • 5.4.8.4. SWOT Analysis
      • 5.4.9. Hyundai Motor India Ltd (India)
        • 5.4.9.1. Business Overview
        • 5.4.9.2. Products/Services Offerings
        • 5.4.9.3. Financial Analysis
        • 5.4.9.4. SWOT Analysis
      • 5.4.10. Mahindra & Mahindra Limited (India)
        • 5.4.10.1. Business Overview
        • 5.4.10.2. Products/Services Offerings
        • 5.4.10.3. Financial Analysis
        • 5.4.10.4. SWOT Analysis
      • 5.4.11. MG Motor India Pvt. Ltd. (India)
        • 5.4.11.1. Business Overview
        • 5.4.11.2. Products/Services Offerings
        • 5.4.11.3. Financial Analysis
        • 5.4.11.4. SWOT Analysis
  • 6. Global India Automotive Industry Sale, by Vehicle Type, Fuel Type and Region (value) (2027-2032)
    • 6.1. Introduction
    • 6.2. Global India Automotive Industry (Value)
      • 6.2.1. Global India Automotive Industry by: Vehicle Type (Value)
        • 6.2.1.1. Two-Wheelers
        • 6.2.1.2. Passenger Cars
        • 6.2.1.3. Commercial Vehicles
        • 6.2.1.4. Three-wheelers
      • 6.2.2. Global India Automotive Industry by: Fuel Type (Value)
        • 6.2.2.1. Diesel
        • 6.2.2.2. Petrol/Gasoline
        • 6.2.2.3. CNG and LPG, Electric
        • 6.2.2.4. Others
      • 6.2.3. Global India Automotive Industry Region
        • 6.2.3.1. Asia Pacific
          • 6.2.3.1.1. China
          • 6.2.3.1.2. Japan
          • 6.2.3.1.3. India
          • 6.2.3.1.4. South Korea
          • 6.2.3.1.5. Taiwan
          • 6.2.3.1.6. Australia
          • 6.2.3.1.7. Rest of Asia-Pacific
  • 7. Appendix
    • 7.1. Acronyms
  • 8. Methodology and Data Source
    • 8.1. Methodology/Research Approach
      • 8.1.1. Research Programs/Design
      • 8.1.2. Market Size Estimation
      • 8.1.3. Market Breakdown and Data Triangulation
    • 8.2. Data Source
      • 8.2.1. Secondary Sources
      • 8.2.2. Primary Sources
    • 8.3. Disclaimer
List of Tables
  • Table 1. India Automotive Industry: by Vehicle Type(USD Million)
  • Table 2. India Automotive Industry Two-Wheelers , by Region USD Million (2019-2024)
  • Table 3. India Automotive Industry Passenger Cars , by Region USD Million (2019-2024)
  • Table 4. India Automotive Industry Commercial Vehicles , by Region USD Million (2019-2024)
  • Table 5. India Automotive Industry Three-wheelers , by Region USD Million (2019-2024)
  • Table 6. India Automotive Industry: by Fuel Type(USD Million)
  • Table 7. India Automotive Industry Diesel , by Region USD Million (2019-2024)
  • Table 8. India Automotive Industry Petrol/Gasoline , by Region USD Million (2019-2024)
  • Table 9. India Automotive Industry CNG and LPG, Electric , by Region USD Million (2019-2024)
  • Table 10. India Automotive Industry Others , by Region USD Million (2019-2024)
  • Table 11. Asia Pacific India Automotive Industry, by Country USD Million (2019-2024)
  • Table 12. Asia Pacific India Automotive Industry, by Vehicle Type USD Million (2019-2024)
  • Table 13. Asia Pacific India Automotive Industry, by Fuel Type USD Million (2019-2024)
  • Table 14. China India Automotive Industry, by Vehicle Type USD Million (2019-2024)
  • Table 15. China India Automotive Industry, by Fuel Type USD Million (2019-2024)
  • Table 16. Japan India Automotive Industry, by Vehicle Type USD Million (2019-2024)
  • Table 17. Japan India Automotive Industry, by Fuel Type USD Million (2019-2024)
  • Table 18. India India Automotive Industry, by Vehicle Type USD Million (2019-2024)
  • Table 19. India India Automotive Industry, by Fuel Type USD Million (2019-2024)
  • Table 20. South Korea India Automotive Industry, by Vehicle Type USD Million (2019-2024)
  • Table 21. South Korea India Automotive Industry, by Fuel Type USD Million (2019-2024)
  • Table 22. Taiwan India Automotive Industry, by Vehicle Type USD Million (2019-2024)
  • Table 23. Taiwan India Automotive Industry, by Fuel Type USD Million (2019-2024)
  • Table 24. Australia India Automotive Industry, by Vehicle Type USD Million (2019-2024)
  • Table 25. Australia India Automotive Industry, by Fuel Type USD Million (2019-2024)
  • Table 26. Rest of Asia-Pacific India Automotive Industry, by Vehicle Type USD Million (2019-2024)
  • Table 27. Rest of Asia-Pacific India Automotive Industry, by Fuel Type USD Million (2019-2024)
  • Table 28. Company Basic Information, Sales Area and Its Competitors
  • Table 29. Company Basic Information, Sales Area and Its Competitors
  • Table 30. Company Basic Information, Sales Area and Its Competitors
  • Table 31. Company Basic Information, Sales Area and Its Competitors
  • Table 32. Company Basic Information, Sales Area and Its Competitors
  • Table 33. Company Basic Information, Sales Area and Its Competitors
  • Table 34. Company Basic Information, Sales Area and Its Competitors
  • Table 35. Company Basic Information, Sales Area and Its Competitors
  • Table 36. Company Basic Information, Sales Area and Its Competitors
  • Table 37. Company Basic Information, Sales Area and Its Competitors
  • Table 38. Company Basic Information, Sales Area and Its Competitors
  • Table 39. India Automotive Industry: by Vehicle Type(USD Million)
  • Table 40. India Automotive Industry Two-Wheelers , by Region USD Million (2027-2032)
  • Table 41. India Automotive Industry Passenger Cars , by Region USD Million (2027-2032)
  • Table 42. India Automotive Industry Commercial Vehicles , by Region USD Million (2027-2032)
  • Table 43. India Automotive Industry Three-wheelers , by Region USD Million (2027-2032)
  • Table 44. India Automotive Industry: by Fuel Type(USD Million)
  • Table 45. India Automotive Industry Diesel , by Region USD Million (2027-2032)
  • Table 46. India Automotive Industry Petrol/Gasoline , by Region USD Million (2027-2032)
  • Table 47. India Automotive Industry CNG and LPG, Electric , by Region USD Million (2027-2032)
  • Table 48. India Automotive Industry Others , by Region USD Million (2027-2032)
  • Table 49. Asia Pacific India Automotive Industry, by Country USD Million (2027-2032)
  • Table 50. Asia Pacific India Automotive Industry, by Vehicle Type USD Million (2027-2032)
  • Table 51. Asia Pacific India Automotive Industry, by Fuel Type USD Million (2027-2032)
  • Table 52. China India Automotive Industry, by Vehicle Type USD Million (2027-2032)
  • Table 53. China India Automotive Industry, by Fuel Type USD Million (2027-2032)
  • Table 54. Japan India Automotive Industry, by Vehicle Type USD Million (2027-2032)
  • Table 55. Japan India Automotive Industry, by Fuel Type USD Million (2027-2032)
  • Table 56. India India Automotive Industry, by Vehicle Type USD Million (2027-2032)
  • Table 57. India India Automotive Industry, by Fuel Type USD Million (2027-2032)
  • Table 58. South Korea India Automotive Industry, by Vehicle Type USD Million (2027-2032)
  • Table 59. South Korea India Automotive Industry, by Fuel Type USD Million (2027-2032)
  • Table 60. Taiwan India Automotive Industry, by Vehicle Type USD Million (2027-2032)
  • Table 61. Taiwan India Automotive Industry, by Fuel Type USD Million (2027-2032)
  • Table 62. Australia India Automotive Industry, by Vehicle Type USD Million (2027-2032)
  • Table 63. Australia India Automotive Industry, by Fuel Type USD Million (2027-2032)
  • Table 64. Rest of Asia-Pacific India Automotive Industry, by Vehicle Type USD Million (2027-2032)
  • Table 65. Rest of Asia-Pacific India Automotive Industry, by Fuel Type USD Million (2027-2032)
  • Table 66. Research Programs/Design for This Report
  • Table 67. Key Data Information from Secondary Sources
  • Table 68. Key Data Information from Primary Sources
List of Figures
  • Figure 1. Porters Five Forces
  • Figure 2. Supply/Value Chain
  • Figure 3. PESTEL analysis
  • Figure 4. Global India Automotive Industry: by Vehicle Type USD Million (2019-2024)
  • Figure 5. Global India Automotive Industry: by Fuel Type USD Million (2019-2024)
  • Figure 6. Asia Pacific India Automotive Industry Share (%), by Country
  • Figure 7. Global India Automotive Industry share by Players 2024 (%)
  • Figure 8. Global India Automotive Industry share by Players (Top 3) 2024(%)
  • Figure 9. Global India Automotive Industry share by Players (Top 5) 2024(%)
  • Figure 10. BCG Matrix for key Companies
  • Figure 11. TVS Motor Company (India) Revenue, Net Income and Gross profit
  • Figure 12. TVS Motor Company (India) Revenue: by Geography 2024
  • Figure 13. EN.WIKIPEDIA.ORG Revenue, Net Income and Gross profit
  • Figure 14. EN.WIKIPEDIA.ORG Revenue: by Geography 2024
  • Figure 15. Hero MotoCorp (India) Revenue, Net Income and Gross profit
  • Figure 16. Hero MotoCorp (India) Revenue: by Geography 2024
  • Figure 17. Honda Motorcycle & Scooter India Pvt. Ltd. (India) Revenue, Net Income and Gross profit
  • Figure 18. Honda Motorcycle & Scooter India Pvt. Ltd. (India) Revenue: by Geography 2024
  • Figure 19. Royal Enfield (India) Revenue, Net Income and Gross profit
  • Figure 20. Royal Enfield (India) Revenue: by Geography 2024
  • Figure 21. Bajaj Auto Corp. (India) Revenue, Net Income and Gross profit
  • Figure 22. Bajaj Auto Corp. (India) Revenue: by Geography 2024
  • Figure 23. Suzuki Motorcycle India Private Limited (India) Revenue, Net Income and Gross profit
  • Figure 24. Suzuki Motorcycle India Private Limited (India) Revenue: by Geography 2024
  • Figure 25. Tata Motors Limited (India) Revenue, Net Income and Gross profit
  • Figure 26. Tata Motors Limited (India) Revenue: by Geography 2024
  • Figure 27. Hyundai Motor India Ltd (India) Revenue, Net Income and Gross profit
  • Figure 28. Hyundai Motor India Ltd (India) Revenue: by Geography 2024
  • Figure 29. Mahindra & Mahindra Limited (India) Revenue, Net Income and Gross profit
  • Figure 30. Mahindra & Mahindra Limited (India) Revenue: by Geography 2024
  • Figure 31. MG Motor India Pvt. Ltd. (India) Revenue, Net Income and Gross profit
  • Figure 32. MG Motor India Pvt. Ltd. (India) Revenue: by Geography 2024
  • Figure 33. Global India Automotive Industry: by Vehicle Type USD Million (2027-2032)
  • Figure 34. Global India Automotive Industry: by Fuel Type USD Million (2027-2032)
  • Figure 35. Asia Pacific India Automotive Industry Share (%), by Country
List of companies from research coverage that are profiled in the study
  • TVS Motor Company (India)
  • EN.WIKIPEDIA.ORG
  • Hero MotoCorp (India)
  • Honda Motorcycle & Scooter India Pvt. Ltd. (India)
  • Royal Enfield (India)
  • Bajaj Auto Corp. (India)
  • Suzuki Motorcycle India Private Limited (India)
  • Tata Motors Limited (India)
  • Hyundai Motor India Ltd (India)
  • Mahindra & Mahindra Limited (India)
  • MG Motor India Pvt. Ltd. (India)
Additional players considered in the study are as follows:
BMW AG (Germany) , Mercedes-Benz India Pvt Ltd (Germany) , Lohia Auto Industries (India) , Piaggio & C. SpA (Italy) , Scooters India Ltd. (India)
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Feb 2025 207 Pages 63 Tables Base Year: 2024 Coverage: 15+ Companies; 18 Countries

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Frequently Asked Questions (FAQ):

The key segments that are playing vital role in India Automotive Industry Market are by end use application [].
The India Automotive Industry Market is gaining popularity and expected to see strong valuation by 2032.

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