India’s new vehicle market has made a surprising recovery from the initial disruption caused by the COVID-19 pandemic, and looks to be on track for a strong 2021. Automotive World’s latest report explores why new vehicle sales have recovered so swiftly, the impact of new emissions standards and the prospects for further growth post-2020.

Table of contents

List of figures

• Figure 1: Indian LV demand 1995-2019
• Figure 2: LV shares by segment (%)
• Figure 3: India’s vehicle purchase tax rates
• Figure 4: LV market shares by brand, India 2019
• Figure 5: GDP forecasts
• Figure 6: Indian LV demand, 1995-2024
• Figure 7: India, change in LV demand by brand, 2024 -v- 2019
• Figure 8: Indian 7.5t-plus demand 2001-2019
• Figure 9: Indian 7.5t-plus demand change & GDP growth, 2001-2019
• Figure 10: India, HV market share by brand, 2019 (%)
• Figure 11: India HV demand, 2001-2024

Executive summary

Chapter 1: India’s new vehicle market – prospects to 2024

• LV demand
• Market characteristics
• Market shares
• Economic outlook
• Outlook for LV demand
• Recent HV demand & market characteristics
• HV market shares
• Outlook for HV demand

Chapter 2: Future mobility in India – the industry perspective

• India boasts swift recovery from COVID-19, but will it last?
• More choice and business incentives to kick-start Indian EV market
• India’s fleet focus for electrification is gaining momentum
• India considers shared mobility products in COVID-hit market
• Aggressive regulation puts India’s CV market on a greener path
• Automakers see ‘huge potential’ for growth in India

Appendix (Excel)

• Historic vehicle sales by OEM group and brand (2017-2019)
• Vehicle sales forecasts by OEM group and brand (2020-2024)

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