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Automotive Market in India

The automotive industry in India is the fourth-largest by production in the world, as per 2022 statistics.

Overview
As of 2023, India is the third-largest automobile market in the world in terms of sales. In 2022, India became the fourth largest country in the world by the valuation of its automotive industry. As of April 2022, India’s auto industry is worth more than US$100 billion and accounts for 8% of the country’s total exports and 7.1% of India’s GDP.

The Indian automobile market is dominated by two-wheelers and passenger cars, which accounted for 77% and 18% market share, respectively during the year 2021-2022. Passenger car sales are dominated by small and midsized cars.

Popular Car Brands
With a market share of over 41.6%, Maruti Suzuki is the most popular car brand in India. Hyundai is the second most popular, with a market share of 14.6%. Tata Motors is the third, with a market share of 13.9%. With a market share of 8.9%, Mahindra & Mahindra makes India's fourth most popular car brand. Kia is the fifth, with a market share of 6.7%.

Auto Shows in India
As India is one of the largest automobile markets in the world, it is no surprise that the country hosts several auto shows throughout the year. These shows are a great platform for automobile manufacturers to showcase their latest models and technologies.

One of them is the Precision Engineering, Machine Tool Technology Show (PRECITECH). This show is a networking platform for quality manufacturers. Another auto show is the India eMobility Show (IES23). This show is focused on electrifying India’s mobility. There is also the Auto EV India show, which is focused on automotive and EV technology.

Last but not least, the EV & Auto Tech Expo is India’s largest show on electric vehicles, auto spares, components, and technology. It provides an opportunity to showcase, see, and understand the latest in electric vehicles, auto spares, components, and technology.

These are just a few of the many auto shows that take place in India. They are a great way to stay up-to-date with the latest trends in the automotive industry and to see some of the newest and most innovative cars on the market.

The future of the Indian automotive market is bright and promising. It was valued at USD 100 billion in 2021 and is expected to reach a valuation of USD 160 billion by 2027, registering a CAGR of 8.1% over the forecast period (2022-2027).

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