In FY2019, the Indian automotive industry registered new record high volumes in output and domestic sales. However, the economic deceleration in FY2020 and the negative effects of COVID-19 pandemic had a deep negative effect on the output and domestic sale volumes of the industry. In FY2022, the Indian economy rebounded and the Indian motor vehicle sector showed the first signs of recovery. On the one hand, motor vehicle exports reported a new record high in FY2022, along with higher output and domestic sales in passenger and commercial vehicles. On the other hand, output and domestic sales of two-wheelers continued with the declining trend. In a context marked by a relatively weak recovery of the Indian motor vehicle industry, the government decided to keep the migration pace towards cleaner vehicles, in spite of the potential rise in motor vehicle prices.

01 EXECUTIVE SUMMARY 

02 SECTOR IN FOCUS

03 COMPETITIVE LANDSCAPE

04 COMPANIES IN FOCUS

05 REGULATORY ENVIRONMENT 

06 PASSENGER VEHICLES 

07 COMMERCIAL VEHICLES 

08 TWO- AND THREE-WHEELERS 

09 AUTO COMPONENTS AND PARTS