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

  • Ten per cent growth expected in global ITS market
    February 5, 2016
    According to the latest research by Research and Markets, the global intelligent transportation systems (ITS) market is poised to grow at CAGR of over 10 per cent during 2015-2020. The report, Global Intelligent Transportation Systems Market by System, by Application and Competition Forecast and Opportunities, 2010-2020, says that, with the market being too fragmented, a large number of players are engaged in offering ITS solutions across the globe.
    Read More
  • Arup’s vision of urban mobility in 2050
    May 6, 2015
    Arup’s vision of the Future of Highways considers a wide range of factors that will impact on mobility towards the middle of the century. In its consideration of the Future of Highways through to 2050, international consultants Arup has taken a broad and pragmatic view of where society is heading and the effects that will have on the transport requirements. In terms of major drivers it not only cites
    Read More
  • Embracing the wider connected car environment key to fulfilling the ITS vision
    August 3, 2012
    According to a new report from ABI Research, after more than a decade of trials and tests, the ITS industry finds itself facing important decisions regarding mandating dedicated DRSC-based technology and ensuring seamless integration with existing converged technologies, using them as a proxy to bridge the time, penetration, and cost gap of ITS infrastructure which is not expected to reach critical mass before the end of this decade.
    Read More
  • Telematics will ‘uber-ise’ the auto insurance industry, says new UBI study
    December 21, 2015
    Ptolemus Consulting Group has released the 2016 edition of its usage-based insurance global study by offering a free, 125-page abstract. Available to download today, the document reveals the key findings of the 1,000-page telematics insurance market analysis. With 230 active programmes and 12 million customers, usage-based insurance (UBI) is now a truly global phenomenon that reaches twice as many countries as two years ago. Ptolemus claims that by 2020, nearly 100 million vehicles globally will be in
    Read More

Highlighted Content