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Fifth - largest market in the world.
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Commercial Vehicles. Passenger Vehicles. 2/3 Wheelers.
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Segment-wise Domestic Market Share in FY21 (%) Number of Automobiles Exported (in millions) 3. 14.6% 812% TWO Wheelers Passenger Vehicles L" Commercial Vehicles Three Wheelers 5.0 4.5 4.0 3.5 3.0 2.5 2.0 1.5 1.0 0.5 0.0 FY 16 CAGR 2.56% 4.77 4.13 3.48 FY 17 4.04 FY 18 1.41 FY 19.
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35.00 30.00 25.00 25.33 20.00 15.00 10.00 FY 17 Number Of Automobiles Produced in India (in million) Number Of Automobiles Sold in India (in million) 21.86 29.07 FY 18 CAGR 2.36% 30.92 FY 19 30M) 25m 20.00 15m 10m CAGR 1.29% 26.36 FY20 22.65 FY21 8.53 FY22 (Until August 2021) 17 24.97 FY 18 2627 FY 19 21.55 FY20 18.61 FY21 6.19 FY22 2021).
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Mumbai-Pune-:' Nashik- Aurangabad Delhi-Gurgaon- Faridabad Kolkata- Jamshedpur Chennai- Bengaluru- Hosur.
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Small towns set new pace for PVs Passenger vehicle sales in India grew 7 km/o in 2017-18, touching a record high Of almost 33 million units, driven by demand from smaller towns and the increasing of utility vehicles. passenger cars Utility vehicles vans Total PVs• Total CVS Total 3-wheelers Total 2-wheelers Total Year-on-year change in % 3.3 5.7 7.89 20.9 19.94 24.191 14.8 14.22 are of cars. utity vans. PVS' passenger CVS: vervcks Surn IOC91.
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Retailers and Distributors.
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The Indian automotive industry is getting ready to be the next destination for global manufacturing hub..