The Registrations of Datsun vehicles in India attained a value of 6,711 Units in 2020
The indicator recorded a historical decline (CAGR) of 45% between 2017 to 2020, and is expected to grow by...
GlobalData projects the indicator to decline at a CAGR of...
Market analysis of car manufacturing industry in India
The Indian car manufacturing industry has fluctuated between growth and decline in recent years in value terms. Volume growth has been healthy but slowed significantly in 2019. Amidst the COVID-19 pandemic, the Indian car manufacturing industry is expected to experience decline in 2020. A key feature of the Indian industry during the historic period was the Indian government’s sudden decision to announce demonetization. The economic alarm that was ignited as a consequence of the government’s actions ultimately struck the country’s car manufacturing industry, as the sale of cars hit a 16-year low in December 2016. Though sales have recovered, it was on the back of heavy discounts in order to boost demand. As such, even though volume consumption levels recovered in the aftermath of the demonetization, the value of the market was not able to grow at the same pace.
Who are the leading players?
The leading player in the Indian car manufacturing industry is Suzuki. The company is headquartered in Japan but has an Indian subsidiary – Maruti Suzuki India Limited. The company has three manufacturing plants in India. Hyundai Motor Co is a leading player in this industry. The company produces vehicles under its Hyundai and Kia brands. The company has two manufacturing facilities in India. Ford Motor Co operates as a leading player in this country. The company is headquartered in the US and has two manufacturing plants in India. Honda is a leading player in India. The company is headquartered in Japan but has manufacturing facilities located in the Americas, Europe, Asia, and Africa. Honda has two manufacturing plants based in India.
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