Passenger Car Market in India to Cross $ 64 Billion by 2022
Rising
per capita income and youth population coupled with easy financing options and
improving road infrastructure to fuel India passenger car market through 2022
According to TechSci Research report, “India Passenger Car Market By Vehicle Type, By Segment Type, By Fuel Type, By Engine Capacity,
Competition Forecast & Opportunities, 2012 – 2022”, passenger car market in India is forecast to surpass
$ 64 billion by 2022. Growth can be attributed to increasing Foreign Direct
Investment in the automotive sector, growing number of low-priced car models,
improving road infrastructure, and surging penetration of CNG cars in the
country. Anticipated foray of international brands such as Kia, SAIC and
Daihatsu, increasing disposable income, and growing presence of mobility
providers and self-driving companies are some of the other factors anticipated
to boost demand for passenger cars in India through 2022.
Browse 96 market data Figures and Tables spread through 129
Pages and an in-depth TOC on "India Passenger Car Market"
https://www.techsciresearch.com/report/india-passenger-car-market/1550.html
In the coming years, sports utility vehicles
(SUV) segment is expected to emerge as the fastest growing vehicle type segment
in India passenger car market, backed by rising youth population, growing
demand for compact SUVs, and increasing demand for vehicles with off-roading
and greater carrying capacity. Over the last few years, several leading
automobile manufacturers have already launched their compact SUVs, such as
Renault Duster, Ford Ecosport, Maruti Suzuki Scross and Maruti Suzuki Vitara
Brezza in India. During the forecast period, northern region is likely to
dominate the market as it has high population density, better infrastructure
and comparatively higher standard of living.
Download Sample Report @ https://www.techsciresearch.com/sample-report.aspx?cid=1550
Customers can also request for 10% free customization
on this report.
“Make in India and Smart Cities Mission are expected
to boost passenger car ownership in the country over the next 5-10 years. Moreover,
growing government focus towards CNG and electric vehicles and quick adoption
of advanced technologies by automobile manufacturers is expected to fuel India
passenger car market through 2022.”, said Mr. Karan Chechi, Research Director
with TechSci Research, a research based global management consulting firm.
“India Passenger Car Market By Vehicle Type,
By Segment Type, By Fuel Type, By Engine Capacity, Competition Forecast &
Opportunities, 2012 – 2022” evaluates the
future growth potential of passenger car market in India, and provides
statistics and information on market size, shares and trends. The report will
suffice in providing the intending clients with cutting-edge market
intelligence and help them in taking sound investment decisions. Besides, the
report also identifies and analyzes emerging trends along with essential
drivers and key challenges faced by the industry.
About TechSci Research
TechSci Research
is a leading global market research firm publishing premium market research
reports. Serving 700 global clients with more than 600 premium market research studies,
TechSci Research is serving clients across 11 different industrial verticals. TechSci
Research specializes in research based consulting assignments in high growth and
emerging markets, leading technologies and niche applications. Our workforce of
more than 100 fulltime Analysts and Consultants employing innovative research
solutions and tracking global and country specific high growth markets helps
TechSci clients to lead rather than follow market trends.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]