Skip to main content

India records robust growth in vehicle sales

India recorded robust growth in vehicle sales during the previous decade which has made the country into one of the dynamic markets in Asia, according to the latest report from IHS. In 2014, India was the sixth largest market globally in terms of light-vehicle (LV) sales (comprising passenger cars and light trucks) after China, United States, Japan, Brazil and Germany. Prospects for the LV industry look better for 2015 and beyond, aided by an expected revival in economic growth and consumer sentiments,
January 12, 2016 Read time: 1 min
India recorded robust growth in vehicle sales during the previous decade which has made the country into one of the dynamic markets in Asia, according to the latest report from IHS.

In 2014, India was the sixth largest market globally in terms of light-vehicle (LV) sales (comprising passenger cars and light trucks) after China, United States, Japan, Brazil and Germany.  Prospects for the LV industry look better for 2015 and beyond, aided by an expected revival in economic growth and consumer sentiments, strong demand from rural markets, softening of interest rate and new product launches.

This fifth edition of the Indian Supplier Report offers an account of the current volatile business environment in the country. The report, based on comprehensive first hand interaction with industry officials, gives an insight into how suppliers are dealing with the current market and economic challenges.

Related Content

  • August 24, 2012
    By 2018, ASEAN will be 6th largest automotive market in the world
    The ASEAN region is set to become the 6th biggest automotive market globally by 2018 with vehicle sales almost doubling to nearly 4.7 million units as compared to 2.4 million in 2011, according to new analysis from Frost & Sullivan. Entitled CEO 360 Degree Perspective of the Automotive Industry in ASEAN, (covering four key automotive markets in ASEAN - Indonesia, Malaysia, Thailand and Vietnam) the study finds that the market is likely to grow at a compound annual growth rate (CAGR) of 10.1 per cent (2011-2
  • May 26, 2015
    China's RFID market value forecast to reach US$4.3 billion by 2025
    According to a new report by IDTechEx, RFID in China 2015-2025, not only will the use of RFID in China become a US$4.3 billion market in 2025, but that figure will almost double if the value of tags and readers made in the country and exported elsewhere is included. Already in 2015 China had 85 per cent of the global manufacture capacity of RFID tags, with over 150 RFID companies operating in the country.
  • November 20, 2013
    Looking forward to CARTES 2014 in Europe, Asia and America
    2014 will see CARTES events in Asia and America – and don’t forget to put a note in your diary for CARTES Secure Connexions Event 2014 to be held from 4 to 6 November in Paris Welcome to Day 3 of the CARTES Secure Connexions Event 2013. This is the last day of the show and we hope you have enjoyed everything so far - and will continue to get a great deal out of the sessions and conferences. We are proud to announce that we have excellent indicators in terms of registered visitor numbers at the show. Gen
  • September 8, 2015
    Over-the-air software updates to benefit for automotive market, IHS says
    While quite common in smartphones and personal computers, remote over-the-air (OTA) software updates are still only in their infancy in the automotive space, according to a new report from IHS Automotive. The report finds that OTA software updates will eventually be a big benefit for the automotive industry due to their capacity to reduce warranty costs, potentially increase overall completion rates for software-related recalls, improve customer satisfaction by eliminating trips to the dealership for so