Try our corporate solution for free!
(212) 419-8286
hadley.ward@statista.com

Passenger vehicles in India - Statistics & Facts

Public transportation is a service that has not been able to keep up with the exponential growth of cities in India. Continuous infrastructure developments and increasing road networks have forced the citizens to resort to personal vehicle purchasing, that has made the existing congestion crisis in the south Asian country even worse. In the top ten Asian cities with the most traffic gridlocks, India was most often featured. Solutions to the public transport crisis continues to be a matter of pressing concern. To transition the Indian population from the use of personal vehicles to public transport, the latter would require efficient planning and generous investments to get the infrastructure into place. The investments, however, have not been prioritized as even the busiest of the metro-networks do not generate profit for the authorities. Private vehicles, therefore, continue to thrive on Indian roads.

In fiscal year 2019, over four million passenger vehicles were produced across India. The production volume took around seven years to increase from three million to four million within the segment. From the production volume of over four million, around three million of the produced units were sold domestically. Small and mid-sized car sales accounted for about 13 percent of the sales share. Hatchback crossovers and compact SUVs have gained immense momentum in the past five years in the passenger vehicle segment.

In 2018, SUVs had a share of about 25 percent in passenger vehicles sales across India. The boost in sales came by combining the comfort and feasibility of SUVs to relatively small chassis of hatchbacks to create the perfect blend for roads in India in terms of maneuverability, size and practicality of the vehicle. The Vitara Brezza was the best-selling compact SUV across the country in 2019. The compact SUV sold over five hundred thousand units within four year of its launch.
Maruti Suzuki was the leading passenger vehicle manufacturer in 2018. The company introduced its mini-SUV, the S-Presso, to keep up with market trends in September 2018. The competition in the market has increased with the arrival of Kia and MG, with Chinese manufacturers Wall Motors and Haima Automobiles are also set to enter the Indian market.

The prolonged recession that started late in 2018, however, had severe impacts on the domestic passenger vehicle industry in India. Several factors including price hikes in fuel and interest rates, insurance and emission standards in combination with the economic slowdown created several headwinds for the segment. 2019 was the worst year for the passenger vehicle industry in India where the growth was reduced by about 16 percent. Profitability in the sector presumably will not start until the economy has been stabilized. Being a discretionary spend, new-car purchases are most likely to suffer with the economy. For the need-based buyers, used car markets could become the more optimal solution.

Interesting statistics

In the following 4 chapters, you will quickly find the {amountStatistics} most important statistics relating to "Passenger vehicles in India".

Passenger vehicles in India

Dossier on the topic

All important statistics are prepared by our experts – available for direct download as PPT & PDF!
TOP SELLER

Important key figures

The most important key figures provide you with a compact summary of the topic of "Passenger vehicles in India" and take you straight to the corresponding statistics.

PV sales by segment

Best-selling models

  • Maruti Suzuki
    Alto
  • Hyundai
    i20 Elite
  • Honda
    Amaze
  • Ford
    EcoSport

Contact

Get in touch with us. We are happy to help.
Statista Locations
ContactHadley Ward
Hadley Ward
Sales Manager– Contact (United States)

Mon - Fri, 9am - 6pm (EST)

ContactZiyan Zhang
Ziyan Zhang
Customer Relations– Contact (Asia)

Mon - Fri, 11:30am - 10pm (IST)

ContactKisara Mizuno
Kisara Mizuno
Customer Success Manager– Contact (Asia)

Mon - Fri, 9:30am - 5:30pm (JST)

ContactLodovica Biagi
Lodovica Biagi
Director of Operations– Contact (Europe)

Mon - Fri, 9:30am - 5pm (GMT)

ContactCatalina Rodriguez
Catalina Rodriguez
Key Account Manager - LAC– Contact (Latin America)

Mon - Fri, 9am - 6pm (EST)