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Passenger vehicles sales volume India FY 2014-2020

Passenger vehicle production in India saw a decline of almost 20 percent in the second half of 2019, with leading manufacturers having to reduce output in order to prevent inventory overloads. In fiscal year 2020, there were around 2.7 million passenger cars sold across the south Asian country. However, since the last two years, the economic slowdown in the nation has affected the industry.

Major players

Maurti Suzuki, a subsidiary of the Japanese Suzuki Motor Corporation, is India’s biggest car manufacturer. The company had a share of more than 50 percent in the automotive sector in 2018. The market for commercial vehicles was led by Tata Motors during the same time period. Hero Motocorp had the maximum share in the two-wheeler segment, which dominated the domestic automotive industry within the country.

More damage to follow?

Even though the two-wheeler segment experienced a boom in both electric as well as conventional vehicle sales, the economic slowdown has affected the production in all industries alike. The slowdown forced manufacturers to retire almost 15 thousand employees in recent months and over 200 thousand jobs were affected as a result of the output cuts. The government has announced a delayed registration period for purchased vehicles and reduced interest rates on loans for vehicles to cope with the market slump.

Sales volume of passenger vehicles across India from financial year 2014 to 2020

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Release date

May 2020



Survey time period

FY 2014 to FY 2020

Supplementary notes

*Data from August 2019 to March 2019.

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.

Values have been rounded for clarity.

Release date corresponds to the date of access.

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Statistics on "Automotive industry in India"

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