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New Cars in India

Publisher MarketLine
Published Sep 04, 2025
Length 47 Pages
SKU # MTLN20645590

Description

New Cars in India

Summary

New Cars in India industry profile provides top-line qualitative and quantitative summary information including: market size (value 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights
  • New cars market includes retail sales/registrations of new passenger cars. The scope of passenger cars covers saloons, hatchbacks, SUVs, 4x4s, and light pickup vehicles. Market volume refers to the total number of cars sold in a year, while market value is calculated by multiplying the average retail selling price with the market volume.
  • The Indian new cars market recorded revenues of $67.9 billion in 2024, representing a compound annual growth rate (CAGR) of 8.2% between 2019 and 2024.
  • Market consumption volume increased with a CAGR of 8.2% between 2019 and 2024, reaching a total of 4,202,498.0 units in 2024.
  • In 2024, the Indian new cars market grew by 4.7% annually, fueled by increased per capita disposable income. According to the Reserve Bank of India, the net disposable income per household in India increased to $7,984.2 in 2024, from $7,631.8 in 2023. This rise in income has positively influenced consumer purchasing power and the demand for new cars.
Scope
  • Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the new cars market in India
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the new cars market in India
  • Leading company profiles reveal details of key new cars market players’ global operations and financial performance
  • Add weight to presentations and pitches by understanding the future growth prospects of the India new cars market with five year forecasts
Reasons to Buy
  • What was the size of the India new cars market by value in 2024?
  • What will be the size of the India new cars market in 2029?
  • What factors are affecting the strength of competition in the India new cars market?
  • How has the market performed over the last five years?
  • What are the main segments that make up India's new cars market?

Table of Contents

47 Pages
1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Market volume
1.4. Market volume forecast
1.5. Geography segmentation
1.6. Market share
1.7. Market rivalry
1.8. Competitive landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
3.2. Market volume
4 Market Segmentation
4.1. Geography segmentation
5 Market Outlook
5.1. Market value forecast
5.2. Market volume forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Market share
7.2. Who are the leading players?
7.3. What strategies do the leading players follow?
7.4. What are the strengths of the leading players?
7.5. What are the recent developments in the market?
8 Company Profiles
8.1. Suzuki Motor Corp
8.2. Hyundai Motor Co
8.3. Tata Motors Ltd
8.4. Mahindra & Mahindra Ltd
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
List of Tables
Table 1: India new cars market value: $ billion, 2019-24
Table 2: India new cars market volume: units, 2019-24
Table 3: India new cars market geography segmentation: $ billion, 2024
Table 4: India new cars market value forecast: $ billion, 2024-29
Table 5: India new cars market volume forecast: units, 2024-29
Table 6: India new cars market share: % share, by volume, 2024
Table 7: Suzuki Motor Corp: Key Facts
Table 8: Suzuki Motor Corp: Annual Financial Ratios
Table 9: Suzuki Motor Corp: Key Employees
Table 10: Suzuki Motor Corp: Key Employees Continued
Table 11: Hyundai Motor Co: Key Facts
Table 12: Hyundai Motor Co: Annual Financial Ratios
Table 13: Hyundai Motor Co: Key Employees
Table 14: Hyundai Motor Co: Key Employees Continued
Table 15: Tata Motors Ltd: Key Facts
Table 16: Tata Motors Ltd: Annual Financial Ratios
Table 17: Tata Motors Ltd: Key Employees
Table 18: Mahindra & Mahindra Ltd: Key Facts
Table 19: Mahindra & Mahindra Ltd: Annual Financial Ratios
Table 20: Mahindra & Mahindra Ltd: Key Employees
Table 21: India Size of Population (Million), 2020-24
Table 22: India Real GDP (Constant 2010 Prices, $ Billion), 2020-24
Table 23: India GDP (Current Prices, $ Billion), 2020-24
Table 24: India Inflation, 2020-24
Table 25: India Consumer Price Index (Absolute), 2020-24
Table 26: India Exchange Rate, 2019-24
List of Figures
Figure 1: India new cars market value: $ billion, 2019-24
Figure 2: India new cars market volume: units, 2019-24
Figure 3: India new cars market geography segmentation: % share, by value, 2024
Figure 4: India new cars market value forecast: $ billion, 2024-29
Figure 5: India new cars market volume forecast: units, 2024-29
Figure 6: Forces driving competition in the new cars market in India, 2024
Figure 7: Drivers of buyer power in the new cars market in India, 2024
Figure 8: Drivers of supplier power in the new cars market in India, 2024
Figure 9: Factors influencing the likelihood of new entrants in the new cars market in India, 2024
Figure 10: Factors influencing the threat of substitutes in the new cars market in India, 2024
Figure 11: Drivers of degree of rivalry in the new cars market in India, 2024
Figure 12: India new cars market share: % share, by volume, 2024

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