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

  • March 24, 2014
    Global ITS market expected to reach US$38.7 billion by 2020
    The global market for intelligent transportation systems is expected to reach US$38.7 billion by 2020, according to a new study by Grand View Research. Growing demand for optimising fuel consumption and reducing emissions is expected to be the key driving force for the market. ITS aids in reducing incidents such as road accidents and boost safety, which is estimated to positively impact demand over the next six years. Increasing need for enhancing existing transportation networks coupled with demand for
    Read More
  • November 15, 2013
    Rise of smart cities spawns market for smart vehicle technology in the US
    According to recent research by Frost & Sullivan, there is a palpable reorientation of purchasing habits among American citizens as the country continues its march toward urbanism. In the future, 85 percent of the country’s population is anticipated to live in urban areas, while North America could see the emergence of three mega cities, eleven mega regions, and seven smart cities by 2025. One of the biggest gainers of this massive-scale urbanisation is the automotive industry, particularly autonomous drivi
    Read More
  • January 23, 2020
    Making ITS connections requires leadership
    From making the commute more bearable to saving the planet, Jim Alfred of BlackBerry Certicom believes that ITS has the capacity to drive a range of transformational opportunities – but leadership is required, he warns
    Read More
  • February 3, 2012
    The future of in-vehicle navigation systems
    TRL's Alan Stevens looks at the evolution and future prospects of in-vehicle navigation devices. Human-Machine Interaction (HMI) plays a crucial role in the safety of vehicles on our roads. Until we achieve full automation (and that's a debatable prospect anyway) a driver's interaction with the vehicle - all the controls, information and systems - holds a pivotal role in safe driving.
    Read More

Highlighted Content