According to Goldstein Research, India passenger vehicles market is valued at USD 57.2 billion in 2016, projected to grow at a CAGR of 6.9%. The growing urbanization and government initiatives to promote the use of passenger vehicles in order to lower the carbon emission and road traffic are driving the demand of passenger vehicles. India passenger vehicles Market Analysis has been done on the basis of model type, fuel type and geography. There is rising demand for hybrid and electric passenger vehicles, owing to the favorable government policies to showcase the efficiency and to increase the sales of electric and hybrid vehicles. India passenger vehicles market has major growth rate in the tier-1 cities such as Delhi, Chennai, Bangalore and Mumbai but majorly in the southern part of India, which contributed 35% revenue share in 2016. This is followed by Northern region contributing 30% revenue share.
Market Segmentation
On the basis of our in-depth analysis, India Passenger Vehicles Market can be segmented as follows:
• Based on Model Type
o Hatchback
o Sedan
o SUV

• Based on Fuel Type
o Electric Vehicle
o Hybrid Vehicle

• By Geography
o Tier-I cities (Delhi, Mumbai, Hyderabad, Kolkata, Bangalore, Chennai, Pune) {Market Share (%), Market Size (USD Million), Product Sales (Units)}
o Tier-II cities (Noida, Gurgaon, Chandigarh, Jaipur, Lucknow, Nagpur, Raipur, Vishakapattanam, Allahabad, Indore, Bhopal, Udaipur, Durg-Bhillai City, Patna, Varanasi, Pondicherry, Jammu, Dehradun, Surat, Mysore etc. ) {Market Share (%), Market Size (USD Million), Product Sales (Units)}
o Tier-III cities (All other cities) {Market Share (%), Market Size (USD Million), Product Sales (Units)}
o
“India Passenger Vehicles Industry Research” contains detailed overview of the India passenger vehicles market. On the basis of our in-depth analysis, market can be segmented in terms of market segmentation by model type and fuel type.
Further, for the in-depth analysis, India Passenger Vehicles Market Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such asTata Motors, Hindustan Motors, Mahindra and Mahindra, Hero Electric, Ajanta Group, Fiat Chrysler Automobiles (FCA), General Motors, Volkswagen Group, Chinkara Motors, Toyota, Ford Motor Company, Maruti Suzuki, Asia Motor Works (AMW), Honda, Hyundai, Renault-Nissan, Bayerische Motoren Werke AG (BMW), Mitsubishi, Daimler, Caparo, Mini, Datsun,etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments. Overall, the report represents the Indiapassenger vehicles market trends along with market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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