Passenger vehicles sales volume India FY 2014-2024

Passenger vehicle sales in India saw an increase of 10.3 percent in financial year 2024, recovering from intermittent disruptions caused by supply chain issues specific to semiconductors and electronics. In the same year, there were around four million passenger cars sold across the South Asian country. In 2020 and 2021, the industry was heavily affected by the coronavirus pandemic. Major playersMaurti Suzuki, a subsidiary of the Japanese Suzuki Motor Corporation, is India’s biggest car manufacturer. The company had a share of around 41 percent in the automotive sector in 2023. The market for commercial vehicles was led by Tata Motors during the same time period. Hero Motocorp had the maximum share in the two-wheeler segment, which dominated the domestic automotive industry within the country. Recovering from the slump?Even though the two-wheeler segment experienced a boom in both electric and conventional vehicle sales, the economic slowdown with the impact of the coronavirus pandemic has affected the production in all industries alike. The slowdown forced manufacturers to lay off almost 15 thousand employees in the past and over 200 thousand jobs were affected as a result of the output cuts. The government announced a delayed registration period for purchased vehicles and reduced interest rates on vehicle loans to cope with the market slump. However, as India's economy recovers, vehicle sales have also come out of the slump.

在2024财年，印度乘用车销量实现了10.3%的增长，这一增长得益于半导体和电子行业特定供应链中断的间歇性影响的恢复。同年，南亚国家共售出约四百万辆乘用车。2020年和2021年，该行业深受冠状病毒大流行的影响。主要参与者方面，日本铃木汽车公司的子公司马鲁蒂铃木是印度最大的汽车制造商，2023年在汽车行业的市场份额约为41%。在同一时间段内，商用车辆市场由塔塔汽车公司领导。Hero Motocorp在两轮车领域占据了最大份额，该领域在国内汽车工业中占据主导地位。经济衰退的复苏？尽管两轮车领域的电动和传统车辆销售均出现繁荣，但冠状病毒大流行带来的经济放缓对所有行业的影响一致，迫使制造商在过去裁员近1.5万名，并因产量削减导致200,000多个工作岗位受到影响。政府宣布延长购买车辆的注册期限，并降低车辆贷款利率以应对市场下滑。然而，随着印度经济的复苏，汽车销量也摆脱了衰退的阴影。