The market is dominated by domestic suppliers, as imports account for 14.4% of total market size in 2022. B2B drives market demand, with B2B spending representing 84.4% of total demand in 2022. India has the fourth largest market size for motor vehicles and parts regionally, with demand reaching USD115 billion in 2022. Maruti Suzuki India Ltd is the largest company in India, generating 11.4% of the industry’s total production value in 2022. The industry is fragmented, with the top five companies generating 34.2% of total production value in 2022. The total number of companies decreases in 2022, to 884,323 units. The costs of the industry decrease by 0.1% in 2022, largely driven by declining labour costs. The industry’s profitability decreases and stands at 4.6% of production value in 2022, the 14th highest regionally. The industry’s exports share increases in 2022 to 11.0% of total production output. With production value of USD101 billion, India accounts for 4.9% of the Asia Pacific total in 2022.
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This Euromonitor industrial report provides unique information on Motor Vehicles and Parts in India: ISIC 34. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Motor Vehicles and Parts in India: ISIC 34 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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