Good prospects for the Indian automotive industry

23. October 2019

According to analyses by experts, there are good prospects for the Indian automotive industry in the period 2020 to 2026. In the scenario, the industry’s turnover is expected to reach 135 billion in 2020 and rise to 300 billion by 2026, with an average annual growth rate of 15 percent.
The individual sectors of the automotive industry contributed to the growth of the market in the period from 2017 to 2018 with the following figures: Two-wheelers 81 percent, cars 13 percent, tricycles and commercial vehicles 3 percent each. Exports in the same period grew by 16 percent for passenger cars, 20 percent for two-wheelers and 40 percent for tricycles.

Looking at the market development for automobiles in India between 2018 and 2019, both local sales figures and exports increased. The highest growth was recorded in exports of two and three-wheelers at 20 percent, commercial vehicles for the Indian market at 16 percent and export of passenger cars at 9.3 percent.

German automobile manufacturers were able to establish themselves well on the Indian market in the luxury vehicle segment. Mercedes-Benz, Audi and BMW, for example, have a combined market share of 82 percent and plan to increase their involvement in the Indian market. Profit from the growth and development of the automotive market and export your products to India. In many cases you will need an obligatory India certification according to the Automotive Industry Standard (AIS). We will be happy to provide you with comprehensive advice on AIS/TAC certification for India.
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