Future of Indian Automotive Industry Growth & Trends 2030
At a compound annual growth rate (CAGR) of 5.6% from 2023 to 2030, Future of Automotive in India are predicted to reach 6.0 million units in 2030 from 4.1 million units in 2023. At a compound annual growth rate (CAGR) of 5.7%, the India automotive (PV+CV) market is projected to increase from 5.1 million units in 2023 to 7.5 million units in 2030.
A rapidly growing middle class with more disposable...
Future of Automotive in India Size, Share, Trends and Forecast 2030
The India automotive (PV+CV) market size is expected to grow from 5.1 million units in 2023 to 7.5 million units in 2030, at a CAGR of 5.7%.
The future of automotive in India is driven by a rapidly increasing middle class with higher disposable incomes, fast adoption of shared mobility, the launch of affordable cars with lucrative design features, and the government actively pursuing policies for...