August I 2021

AUTOMOBILES

Number Of Automobiles Produced (in million) Number of Automobiles Sold in India (in million)

25.0 26.3
29.1 30.9 21.6
26.4 18.6
22.7

MARKET
SIZE
FY18 FY19 FY20 FY21 FY18 FY19 FY20 FY21

Share Of Each Segment In Total Production Volume (FY21)

3.1% 1.2%
14.6% Two Wheelers

Passenger Vehicles

Commercial Vehicles
SECTOR
81.2% Three Wheelers
COMPOSITION

Sales of Luxury Vehicles (‘000 units) during Number Of Automobiles Exported (million)
April to September 2019

4.6 4.8
15.00 4.0 4.1

14.00 1.4
KEY
TRENDS
Luxury Cars Premium Motorbikes FY18 FY19 FY20 FY21 FY22*
Note: *From April 2021 to June 2021

GOVERNMENT
INITIATIVES
Note: NATRIP- National Automotive Testing and R&D Infrastructure Project

• Robust demand: In June 2021, the total production volume of passenger vehicles*, three wheelers,
two wheelers and quadricycles reached 1,693,639 units.
• Rising Investment: The automobile sector received cumulative FDI inflow of about US$ 25.85 billion
between April 2000 and March 2021.
• Policy support: In Union Budget 2021-22, the government announced the voluntary vehicle scrappage
policy to phase out old and unfit vehicles. Automotive Mission Plan 2016-26 is a mutual initiative by
the Government of India and Indian Automotive Industry to lay down the roadmap for development
ADVANTAGE of the industry.
INDIA • Opportunities: India could be a leader in shared mobility by 2030, providing opportunities for electric
and autonomous vehicles. The electric vehicles industry is likely to create five core jobs by 2030.
Note: *Data except for BMW, Mercedes, Tata Motors & Volvo Auto

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