1、For updated information,please visit www.ibef.orgMay 2025AUTOMOBILES2Table of ContentsExecutive Summary3Advantage India 4Market Overview 6Recent Trends and Strategies13Growth Drivers and Opportunities16Key Industry Contacts26Appendix283Executive summary2132 Growth prospects.The Indian automotive ind
2、ustry is expectedto reach US$300 billion by 2026.StrongpolicysupportfromtheGovernment.Indias passenger vehicle(PV)industry isprojected to achieve a record cumulativedomestic and export volume of five millionunits in FY26.3.Third-largest automobile marketIn FY25,the total passenger vehicle*sales reac
3、hed 4.3 million units.This sectors share of the national GDPincreased from 2.77%in 19921993 toaround 7.1%presently.It employs about19 millionpeople directly and indirectly.Presence of established domestic andinternationaloriginalequipmentmanufacturers(OEMs).Strongmarketintermsofdomesticdemand and ex
4、ports.1.Segmented marketThe automobile sector is split into foursegments,i.e.,two-wheelers,three-wheelers,passengervehicles,andcommercialvehicles,eachhavingfewmarket leaders.IndiaisthelargestE2WandE3Wmanufacturer in the world.19.6 million two-wheeler units were sold inFY25,registering a growth of 9.
5、1%overFY24.Sources:SIAMNotes:*BMW,Mercedes,JLR&Volvo Auto data are not available.Tata Motors Domestic Sales data included only in this document.However,without Tata MotorsC4Advantage India5Advantage IndiaADVANTAGE INDIA1432 Rise in middle-class income and youngpopulation may result in strong growth.
6、TheIndianautomotiveindustryistargeting toincreasetheexportofvehiclesby five times during FY26.In March 2025,the total production ofpassengervehicles*,three-wheelers,two-wheelers,and quadricycles was24,76,915 units.Automobile exports from India surgedby 19%to over 5.3 million units inFY25,driven by s