Last 2-3 years has been good time for Automobile manufacturers in India. Cars sales grew more than 30% in these years making Automobile manufacturers all over the world to eye India as a potential market.
Not only the bread and butter small cars, but also sedans, SUVs and luxury cars also sold in high numbers. Vehicles with latest design, technology and brands have flooded the Indian market.
The commercial vehicle segment has also not lagging behind. We saw Mahindra, Force Motors and Piaggio launching LCVs following the footsteps of Tata Ace. Many more companies are also mulling to launch LCVs in the next couple of years. According to the JD Power Asia Pacific India will become world’s 3rd largest LCV market by 2020.
JD Power Asia Pacific Executive Director Mohit Arora -
Our forecast is that by 2020, India will become the third biggest market for light vehicles, that includes passenger cars and LCVs, with total sales of nearly 12 million units
Not only the bread and butter small cars, but also sedans, SUVs and luxury cars also sold in high numbers. Vehicles with latest design, technology and brands have flooded the Indian market.
JD Power Asia Pacific Executive Director Mohit Arora -
Our forecast is that by 2020, India will become the third biggest market for light vehicles, that includes passenger cars and LCVs, with total sales of nearly 12 million units
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