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This Automotive World report looks at the prospects for the light vehicle (LV) and heavy commercial vehicle (HV) sectors in India in the period 2022 to 2026, a period in which the LV market is first expected to exceed its pre-Covi level and then reach new peaks as India overtakes China to become the world’s most populous nation.
Table of contents
List of figures
- Figure 1: Indian LV demand 1995-2021
- Figure 2: India's vehicle purchase tax rates
- Figure 3: LV market shares by brand, India 2021
- Figure 4: GDP forecasts
- Figure 5: Indian LV demand, 1995-2026
- Figure 6: Indian MHCV demand 2001-2021
- Figure 7: Indian MHCV demand change & GDP growth, 2001-2021
- Figure 8: India, MHCV market share by brand, 2021 (%)
- Figure 9: India HV demand, 2001-2026
Executive summary
Chapter 1: India's new vehicle market – prospects to 2026
- LV demand
- Market characteristics
- Market shares
- Economic outlook
- Outlook for LV demand
- Recent MHCV demand & market characteristics
- HV market shares
- Outlook for HV demand
Chapter 2: Future mobility in India—the industry perspective
- Tata Motors: India is on the cusp of a new epoch of mobility
- Can India’s EV market help it reach net-zero by 2070?
- Shared mobility: the future of transport in India?
- Daimler Truck Innovation Center India: global software and ZEV hub
- Electric two-wheelers to take over 80% of India’s market
- Where next for connected mobility in India?
Appendix (Excel)
- Historic vehicle sales by OEM group and brand (2017-2021)
- Vehicle sales forecasts by OEM group and brand (2022-2026)
