India automotive
engines market witnessed sales of more than five million units and is
anticipated to continue rising over the next five years due to increasing production,
sales and export of passenger and commercial vehicles. Presence of reputed
automakers as well as automotive engine manufacturers in India has been positively
influencing the market. India automotive engines market can be segmented based
on fuel type, power, end use, technology and region. Based on end use, India
automotive engines market can be categorized into passenger car, light commercial
vehicles, buses & coaches, and heavy trucks. Passenger cars engine segment was
the largest segment by volume in 2019 and is expected to dominate during market
during the forecast period on account of huge sales volume of passenger cars.
Based on fuel type,
the market can be segmented into diesel, petrol and gas based, out of which, petrol
engines garnered the largest market share in India automotive engines market in
2019 and the segment is expected to hold its dominance during the forecast
period as well, owing to high volume sales of passenger cars in India. Additionally,
consumers prefer petrol engines due to their advantages, such as low initial
cost, low maintenance cost as well less pollution.
In terms of
regional analysis, the market has been segmented into North, East, West and
South. Among these, North region accounted for the largest share in India
automotive engines market due to existence of major manufacturing facilities of
reputed automakers such as Maruti Suzuki India Limited, Tata Motors, Mahindra
& Mahindra Limited, etc. Due to economic slowdown, introduction of BS VI
mandate as well as lockdown of entire country due to spread of coronavirus in
the first half of 2020, the entire Indian automotive industry is presently
experiencing decline in growth, but it is expected that the industry will
recover from this situation, after the lockdown is lifted.
Major players
operating in India automotive engines market include Maruti Suzuki India Ltd, Hyundai Motor India Ltd, Mahindra & Mahindra Ltd, Tata Motors Ltd and Others, which include Toyota
Kirloskar Motor Pvt Ltd, VE
Commercial Vehicles Ltd, Honda Cars India Ltd, Cummins India Ltd, etc.
Years considered for this report:
Historical Years: 2015-2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022-2025
Objective of the Study:
·
To
analyze and forecast India automotive engines market size.
·
To
classify and forecast India automotive engines market based on fuel type, power,
technology, end use, and region.
·
To
identify drivers and challenges for India automotive engines market.
·
To
examine competitive developments such as expansions, new product launches,
mergers & acquisitions, etc., in India automotive engines market.
·
To
conduct pricing analysis for India automotive engines market.
·
To
identify and analyze the profile of leading players operating in India
automotive engines market.
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TechSci Research performed both primary
as well as exhaustive secondary research for this study. Initially, TechSci
Research sourced a list of leading automotive manufacturers across the country.
Subsequently, TechSci Research conducted primary research surveys with the
identified companies. While interviewing, the respondents were also enquired
about their competitors. Through this technique, TechSci Research could include
the automotive manufacturers which could not be identified due to the
limitations of secondary research. TechSci Research analyzed the product
offerings, distribution channels and presence of all major players operating in
automotive engines market in India.
TechSci Research calculated India
automotive engines market size using a bottom-up approach, where data for
various end-user segments was recorded and forecast for the future years.
TechSci Research sourced these values from the industry experts and company
representatives and externally validated through analyzing historical data of these
product types and applications for getting an appropriate, overall market size.
Various secondary sources such as company websites, news articles, press
releases, company annual reports, investor presentations and financial reports
were also studied by TechSci Research.
Key
Target Audience:
·
Automotive engine manufacturers,
suppliers, distributors and other stakeholders
·
Government bodies such as regulating
authorities and policy makers
·
Organizations, forums and alliances
related to automotive engines market
·
Market research and consulting firms
The study is useful in providing
answers to several critical questions that are important for industry
stakeholders such as automotive engine manufacturers, suppliers, distributors
and other stakeholders. The report would enable the stakeholders in
strategizing investments and capitalizing on emerging market opportunities.
Report Scope:
In
this report, India automotive engines market has been segmented into
following categories, in addition to the industry trends which have also been
detailed below:
·
Market, By Fuel
Type:
o
Diesel
o
Petrol
o
Gas based
·
Market, By End
Use:
o
Passenger Car
o
Light Commercial
Vehicle
o
Buses & Coaches
o
Heavy Trucks
·
Market, By Engine
Power:
o
5 – 75 HP
o
76 – 350 HP
·
Market, By Technology
o Naturally
Aspirated
o Turbocharged
·
Market,
By Country:
o
North
o
East
o
West
o
South
Competitive Landscape
o
Maruti Suzuki India Ltd
o
Hyundai Motor India Ltd
o
Mahindra & Mahindra
Ltd
o
Tata Motors Ltd
o
Toyota Kirloskar Motor
Pvt Ltd
o
VE Commercial Vehicles
Ltd
o
Ashok Leyland Ltd
o
Cummins India Ltd
o
Honda Cars India Ltd
o
FCA India Automobiles
Private Limited
Company Profiles: Detailed analysis of the major companies present in India
automotive engines market.
Available Customizations:
With
the given market data, TechSci Research offers customizations according to a
company’s specific needs. The following customization options are available for
the report:
Company Information
·
Detailed analysis and profiling of additional market players
(up to five)
In case you don’t find what
you are looking for, please get in touch with our custom research team at [email protected]