Export volume of passenger vehicles India FY 2015-2020
In fiscal year 2020, over 677 thousand passenger cars were exported from India. It took around seven years for the Indian passenger vehicle market to make the jump in production volume from three million to four million. In 2019, over three million passenger vehicles produced were sold domestically. Maruti Suzuki, the country’s biggest car manufacturer, had the leading share in sales volume of passenger cars in 2018.
Domestic overview
India was estimated to be the third largest passenger vehicle market in 2021. In 2019, two-wheelers dominated the Indian automotive industry with a share of about 80 percent. That year, in comparison to the three million passenger vehicles produced, the production volume of two-wheelers was over 24 million.
What’s in store
Robust economic development in the country will presumably be an important factor to reach the next production milestone of five million vehicles. The industry is recovering slowly from the economic slowdown in 2019, and its major effects on production and sales volume across all sectors.
Domestic overview
India was estimated to be the third largest passenger vehicle market in 2021. In 2019, two-wheelers dominated the Indian automotive industry with a share of about 80 percent. That year, in comparison to the three million passenger vehicles produced, the production volume of two-wheelers was over 24 million.
What’s in store
Robust economic development in the country will presumably be an important factor to reach the next production milestone of five million vehicles. The industry is recovering slowly from the economic slowdown in 2019, and its major effects on production and sales volume across all sectors.
