1 dataset found
  1. Passenger car market share India 2024, by vendor

    • ai-chatbox.pro
    • statista.com
    Updated Oct 17, 2024
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    Shangliao Sun (2024). Passenger car market share India 2024, by vendor [Dataset]. https://www.ai-chatbox.pro/?_=%2Ftopics%2F6699%2Ftata-group%2F%23XgboD02vawLZsmJjSPEePEUG%2FVFd%2Bik%3D
    Explore at:
    Dataset updated
    Oct 17, 2024
    Dataset provided by
    Statistahttp://statista.com/
    Authors
    Shangliao Sun
    Area covered
    India
    Description

    Maruti Suzuki had the leading share in the passenger car market across India in the year 2024 with more than 40 percent. The top four players held approximately 80 percent of the market share. This was predominantly due to brand loyalty and new launches. Kia Motors India Beating these odds was Kia Motors which entered the Indian market in the second half of 2019. With special utility vehicles (SUV), the company saw a considerable increase in sales. Within a short span, the company outperformed its well-established foreign competitors, including German-based Volkswagen, Toyota, and Honda. Slowdown of the passenger vehicle segment Despite the company’s success, the industry overall witnessed a double-digit decline in the sales volume of passenger cars between 2020 and 2022. This was presumably due to new emission standards, a general slowdown in the economy, and the coronavirus (COVID-19) outbreak. Since 2023, the sales volume started to slowly climbing back to pre-pandemic level.

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Share
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TwitterTwitter
Email
Click to copy link
Link copied
Close
Cite
Shangliao Sun (2024). Passenger car market share India 2024, by vendor [Dataset]. https://www.ai-chatbox.pro/?_=%2Ftopics%2F6699%2Ftata-group%2F%23XgboD02vawLZsmJjSPEePEUG%2FVFd%2Bik%3D
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Passenger car market share India 2024, by vendor

Explore at:
Dataset updated
Oct 17, 2024
Dataset provided by
Statistahttp://statista.com/
Authors
Shangliao Sun
Area covered
India
Description

Maruti Suzuki had the leading share in the passenger car market across India in the year 2024 with more than 40 percent. The top four players held approximately 80 percent of the market share. This was predominantly due to brand loyalty and new launches. Kia Motors India Beating these odds was Kia Motors which entered the Indian market in the second half of 2019. With special utility vehicles (SUV), the company saw a considerable increase in sales. Within a short span, the company outperformed its well-established foreign competitors, including German-based Volkswagen, Toyota, and Honda. Slowdown of the passenger vehicle segment Despite the company’s success, the industry overall witnessed a double-digit decline in the sales volume of passenger cars between 2020 and 2022. This was presumably due to new emission standards, a general slowdown in the economy, and the coronavirus (COVID-19) outbreak. Since 2023, the sales volume started to slowly climbing back to pre-pandemic level.

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