Share of vehicles in India FY 2017 by type

Two-wheelers had a leading share in the automotive industry across India at the end of fiscal year 2017, at about 74 percent. That year, almost 23 million two-wheelers were sold domestically. In 2018, the south Asian country was the fourth largest manufacturer of cars and the seventh largest manufacturer of commercial vehicles. The following year, over a million commercial vehicles and around 3.4 million passenger vehicles were sold in the country.

Domestic consumption

India’s automotive market was dominated by two-wheelers and passenger vehicles. Small and mid-sized car sales accounted for about 13 percent of around 2.9 million vehicles in terms of sales. Two-wheeler sales on the other hand had a share of over 80 percent. Sales in the domestic market had increased at a compound annual growth rate of about seven percent between fiscal years 2013 and 2019 before the industry was hit by a major slowdown causing a widespread disruption across all segments.

The export market

In fiscal year 2019, there were over 4.6 million vehicles exported from India. This meant a growth of over eight percent between 2013 and 2019 fiscal years. Almost 70 percent of these exported vehicles were two-wheelers. Automobile exports had an annual growth of about 14 percent overall at the end of fiscal year 2019.

Distribution of vehicles across India in financial year 2017, by type

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Source

Release date

January 2020

Region

India

Survey time period

FY 2017

Supplementary notes

* Includes tractors, trailers, passenger three-wheelers, LMVs among others.

Note: India's financial year begins in April and ends in March. For example, FY 2016 started in April 2015 and ended in March 2016.

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Statistics on "Passenger vehicles in India"

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