Press Release

India Automotive Engines Market to Remain Dominated by Passenger Car Segment

Increasing production, sales and export volume of passenger cars and commercial vehicles to boost demand for automotive engines in India

According to TechSci Research report, India Automotive Engines Market By Fuel Type, By Power, By End Use, By Technology, By Region, Competition, Forecast & Opportunities, 2025, India automotive engines market stood at an estimated 5 million units due to increase in production, sales and export of vehicles in India.  Moreover, presence of reputed automotive engine manufacturers in India has a huge positive influence on the country’s automotive engines market. India automotive engines market can be segmented based on by fuel type, by power, by end use, by technology and by region. In terms of end use, the market is segregated into passenger car, light commercial vehicle, buses & coaches and heavy trucks. Among these, passenger car segment  is expected to remain the dominant segment in India automotive engines market due to rapidly growing passenger car production and sales in the country attributable to rise in the disposable income of consumers and growing population.

Browse 37 market data Figures and Tables spread through 70 Pages and an in-depth TOC on "India Automotive Engines Market"

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In terms of fuel type, the market can be segmented into petrol, diesel and gas based engine. Out of these, the petrol segment accounted for the largest market share in volume terms in 2019, on account of low initial cost, low maintenance cost, dominating share of passenger cars in Indian automotive fleet size and supportive government initiatives towards promoting the use of clean energy in the country by introducing BS VI regulations.

Maruti Suzuki India Ltd, Hyundai Motor India Ltd, Mahindra & Mahindra Ltd, Tata Motors Ltd and others which include Ashok Leyland Ltd, Toyota Kirloskar Motor Pvt Ltd, Honda Cars India Ltd, Cummins India Ltd, etc., are the leading players operating in India automotive engines market. In terms of regional analysis, the market has been segmented into North, East, West and South region. Among them, North region accounts for the highest share in India automotive engines market due to the presence of various prominent automakers like Maruti, Tata Motors, Honda, Mahindra & Mahindra, etc.

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“Increase in the production capacity of domestic vehicle manufacturers, expansion of product portfolio and introduction of new vehicle models are fueling the demand for automotive engines in India. However, the introduction of BS VI mandate in the country’s automotive industry, economic slowdown and lockdown in the entire country due to the outbreak of Coronavirus is expected to hamper the growth of automotive engines market in India in 2020.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

India Automotive Engines Market By Fuel Type, By Power, By End Use, By Technology, By Region, Competition, Forecast & Opportunities, 2025 has evaluated the future growth potential of India automotive engines market and provides statistics & information on market size, structure and future market growth. The report intends to provide latest market intelligence and help decision makers to take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in India automotive engines market.

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