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

  • Transportation management market set to grow 12.3 per cent by 2019
    February 13, 2014
    MarketsandMarkets recently conducted a study on the Transportation Management Market [Transportation Management Systems, Fleet Management Solutions, Freight Audit & Payment, Route Planning & Optimisation, Managed Services, Business Services] - Global Advancements Market Forecasts and Analysis (2014 - 2019), which analysed and studied the major market drivers, restraints, and opportunities in North America, Europe, Middle East and Africa, Asia Pacific (including Japan), and Latin America. The study report
    Read More
  • Suppliers reshape to provide tolling and traffic management expertise
    August 2, 2013
    Jason Barnes examines the trend towards single source supply of complete tolling and traffic management solutions with some senior tolling industry figures. Only a few years back, the major tolling system suppliers were aggressively positioning themselves as one-stop shops for tolling solutions and operations. No sooner has that little flurry of innovation settled than another trend has emerged – tolling companies wanting to become major ITS suppliers as well. Various tolling company seniors have in recent
    Read More
  • Electric buses: more billion dollar orders
    August 3, 2015
    China will spend up to one trillion dollars on electric buses over the coming 15 years according to analysts IDTechEx. This will reduce the impact of over 22.5 trillion dollars from air pollution over that time, at least one percent of GDP. More insurrection will occur if corrective action is insufficient because hundreds of thousands are dying from traffic pollution and far more are suffering resultant serious disease. According to the World Health Organisation (WHO), outdoor air pollution caused 3.7 m
    Read More
  • Big Data: Datalogic predicts growth in advanced data collection
    December 6, 2013
    Datalogic, a global leader in automatic data capture and industrial automation markets, expects a surge in next generation advanced data collection devices, which will intelligently edit and communicate data and play a critical role in providing improved business analytics, termed ‘big data’. This vision for future market growth was delivered by Bill Parnell, President and CEO of Datalogic ADC, the division focused on the global automatic data capture market, speaking during ID World Rio de Janeiro, the
    Read More

Highlighted Content