India Passenger Car Market - 2022 | TechSci Research

1. India Passenger Car Market By Vehicle Type, By Segment Type, By Fuel Type, By Engine Capacity, Competition Forecast & Opportunities, 2012 – 2022

2. Ta b l e o f C o n te n t s S. No. Contents 1. Product Overview 2. Research Methodology 3. Analyst View 4. Voice of Customer 5. India Passenger Car Market Outlook India Passenger Car Production 5.1. 5.2. India Passenger Car Market, Top 20 Selling Cars 5.3. Market Size & Forecast 5.3.1. By Value & Volume 5.4. Market Share & Forecast 5.4.1. By Vehicle Type (Hatchback, Sedan, SUV, & MUV) 5.4.2. By Segment Type (Mini, Compact, Micro, C1, C2, D, E, & F) 5.4.3. By Fuel Type (Petrol, Diesel & CNG) 5.4.4. By Engine Capacity (<1000cc, <1000-1500cc, <1500-2000cc, & >2000cc) 5.4.4. By Company 5.4.5. By Region 6. India Hatchback Car Market Outlook 6.1. Market Size & Forecast 6.1.1. By Value & Volume 6.2. Market Share & Forecast 6.2.1. By Segment Type (Compact, Mini, D, Micro, & C1) 6.2.2. By Fuel Type (Petrol, Diesel & CNG) 2 6.2.3. By Engine Capacity (<1000cc, <1000-1500cc, <1500-2000cc, & >2000cc) © TechSci Research

3. Ta b l e o f C o n te n t s S. No. Contents 6.2.4. By Company 6.2.5. By Top Five Selling Models, By Variant 7. India Sedan Car Market Outlook 7.1. Market Size & Forecast 7.1.1. By Value & Volume 7.2. Market Share & Forecast 7.2.1. By Segment Type (Compact, C1, C2, D & F) 7.2.2. By Fuel Type (Petrol, Diesel & CNG) 7.2.3. By Engine Capacity (<1000-1500cc, <1500-2000cc, & >2000cc) 7.2.4. By Company 7.2.5. By Top Five Selling Models, By Variant 8. India MUV Car Market Outlook Market Size & Forecast 8.1. 8.1.1. By Value & Volume 8.2. Market Share & Forecast 8.2.1. By Segment Type (Compact, Mini, C1, C2, D & F) 8.2.2. By Fuel Type (Petrol, Diesel & CNG) 8.2.3. By Engine Capacity (<1000cc, <1000-1500cc, <1500-2000cc, & >2000cc) 8.2.4. By Company 8.2.5. By Top Five Selling Models, By Variant 3 9. India SUV Car Market Outlook Market Size & Forecast 9.1. © TechSci Research

4. Ta b l e o f C o n te n t s S. No. Contents 9.1.1. By Value & Volume 9.2. Market Share & Forecast 9.2.1. By Segment Type (Compact, C1, C2, D & E) 9.2.2. By Fuel Type (Petrol Vs. Diesel) 9.2.3. By Engine Capacity (<1000-1500cc, <1500-2000cc, & >2000cc) 9.2.4. By Company 9.2.5. By Top Five Selling Models, By Variant 10. Import-Export Analysis 10.1. Import Tariff 10.2. India Passenger Car Imports 10.3. India Passenger Car Exports 11. Supply Chain Analysis 12. Market Dynamics 12.1. Drivers 12.2. Challenges 13. Market Trends & Developments 14. Policy & Regulatory Landscape 15. India Economic Profile 16. Competitive Landscape 16.1. Maruti Suzuki India Limited 16.2. Hyundai Motor India Limited 4 16.3. Honda Cars India Ltd. 16.4. Mahindra & Mahindra Ltd © TechSci Research

5. Ta b l e o f C o n te n t s S. No. Contents 16.5. Tata Motors Limited 16.6. Toyota Kirloskar Motor Pvt Ltd. 16.7. Volkswagen India Private Limited 16.8. Ford India Private Limited 16.9. Nissan Motor India Private Limited 16.10. Skoda Auto India Private Limited 17. Strategic Recommendations 18. About Us & Disclaimer 5 © TechSci Research

6. P ro d u c t O ve r v i e w Product Definition As per the Organisation Internationale des Constructeurs d'Automobiles (OICA), “A passenger car is a motor vehicle with at least four wheels, used for the transport of passengers, and comprising no more than eight seats in addition to the driver's seat” Product Classification Passenger Car Vehicle Segment Engine Capacity (cc) Fuel Type Class (Length) • • • • • Compact (3600-4000mm) Mini (3200-3600mm) Micro (<3200mm) C1 (4000-4250mm) D (4500-4700mm) • • • Petrol Diesel CNG Hatchback <1000, 1000-1500, >1500-2000, >2000 • • • • • C1 (4000-4250mm) C2 (4250-4700mm) D (4500-4700mm) F (>5000 mm) Compact (3600-4000mm) • • • Petrol Diesel CNG <1000, 1000-1500, >1500-2000, >2000 Sedan • • • • • • C1 (4000-4250mm) C2 (4250-4700mm) D (4500-4700mm) E (4700-5000mm) Mini (3200-3600mm) Compact (3600-4000mm) • • • Petrol Diesel CNG MUV 1000-1500, >1500-2000, >2000 • • • • • C1 (4000-4250mm) C2 (4250-4700mm) D (4500-4700mm) E (4700-5000mm) Compact (3600-4000mm) • • Petrol Diesel SUV 1000-1500, >1500-2000, >2000 6 6 6 © TechSci Research

7. Re s e a rc h M e t h o d o l o g y Market Profiling •In-depth secondary research was conducted to determine top players in the India passenger car market, overall market market size. size and segmental Research & Intelligence Data Collection Data Filter & Analysis Actionable Insights Business Solution Formulating Questionnaire  Identifying Key Opinion Leaders  Questionnaire Design  In-depth Interviews •In order to conduct interviews with industry experts, TechSci Research formulated a detailed questionnaire.  Recent Developments  Market Changing Aspects/Dynam ics  Government Policies  Final Conclusion Developing List of Respondents A Primary Research •List industry specialists was developed. of industry players, distributors, and B Desk Research Data Collection C Company Analysis •TechSci industry collection and verification. Research experts, conducted industry interviews players, with data  Market Participants  Key Strengths  Commercial Vehicle Portfolio for Data Validation •Data secondary rigorous triangulation. obtained as a result was of primary and Primary Research Secondary Research Paid Sources research validated through LinkedIn TechSci Internal database Company Website Company Annual Reports White Paper Study Financial Reports Investor Presentations Regulatory Body, Associations, etc. Factiva Hoovers       Data Analysis    •The data was scrutinized using MS-Excel and statistical tools such as Time Series Analysis, etc., to obtain qualitative insights about the India passenger car market.   7 7 7 and quantitative © TechSci Research

8. Re s e a rc h M e t h o d o l o g y Secondary Research: We have also put through an exhaustive search of credible paid databases such as Factiva, Hoovers, etc., in addition to our internal database. Further analyses of credible publications, white papers, company’s annual reports, investor presentations, news articles, etc., were also analyzed to cross validate the end findings derived from primary research. S. No. Few of the Secondary Sources 1. Organisation Internationale des Constructeurs d’Automobiles (OICA) 2. Ministry of Commerce, India 3 Society of Indian Automobile Manufacturers 4. World Bank 5. International Monetary Fund (IMF) Forecasting Technique: The forecast is based on econometric and judgemental analysis in addition to statistical techniques such as averaging and geometric mean. During primary research interview, questions regarding historical sales trend of passenger car market were put forward. Respondents were asked about the current and future growth rates, market share by passenger car type in India. In order to forecast passenger car market, following forecast techniques were used: • Time Series Analysis • Econometric and Judgmental Analysis • Moving Average 8 8 8 © TechSci Research

9. Industry Brief Passenger Car Market in India to Cross $ 64 Billion by 2022 According to TechSci Research report, “India Passenger Car Market By Vehicle Type, By Segment Type, By Fuel Type, By Engine Capacity, Competition Forecast & Opportunities, 2012 – 2022”, passenger car market in India is forecast to surpass $ 64 billion by 2022. Growth can be attributed to increasing Foreign Direct Investment in the automotive sector, growing number of low-priced car models, improving road infrastructure, and surging penetration of CNG cars in the country. Anticipated foray of international brands such as Kia, SAIC and Daihatsu, increasing disposable income, and growing presence of mobility providers and self-driving companies are some of the other factors anticipated to boost demand for passenger cars in India through 2022. In the coming years, sports utility vehicles (SUV) segment is expected to emerge as the fastest growing vehicle type segment in India passenger car market, backed by rising youth population, growing demand for compact SUVs, and increasing demand for vehicles with off-roading and greater carrying capacity. Over the last few years, several leading automobile manufacturers have already launched their compact SUVs, such as Renault Duster, Ford Ecosport, Maruti Suzuki Scross and Maruti Suzuki Vitara Brezza in India. During the forecast period, northern region is likely to dominate the market as it has high population density, better infrastructure and comparatively higher standard of living. “Make in India and Smart Cities Mission are expected to boost passenger car ownership in the country over the next 5-10 years. Moreover, growing government focus towards CNG and electric vehicles and quick adoption of advanced technologies by automobile manufacturers is expected to fuel India passenger car market through 2022.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm. 9 © TechSci Research

10. Sample Data-Snapshot Figure 62: India Passenger Car Market Size, By Value Figure 61: India Passenger Car Production, By Volume (Thousand (USD Billion), By Volume (Thousand Units), 2012-2022F Units), FY12- FY17 CAGR(FY2012-2017) – X% CAGR 2017E- 2022F By Value: X% By Volume: X% CAGR 2012-2016 By Value: X% By Volume: X% 3500.00 3400.00 3300.00 3200.00 3100.00 3000.00 3,500 3,600 3,1003,2003,3003,400 2,6002,7002,8002,9003,000 39 38 37 36 35 34 33 32 31 30 29 FY12 FY13 FY14 FY15 FY16 FY17 Figure 65: India Passenger Car Market Share, By Fuel Type, By Volume, 2012- 2012 2013 2014 2015 2016 2017E2018F2019F2020F2021F2022F 2022F Value (USD Billion) Volume (Thousand Units) 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% Figure 74: India Hatchback Car Market Share, By 30% 30% 30% 30% 30% 30% 30% 30% 30% 30% 30% Top Selling Models, By Volume, By Variant, 2016 20% 20% 20% 20% 20% 20% 20% 20% 20% 20% 20% i20 Elite (121989) 2012 2013 2014 2015 2016 2017E 2018F 2019F 2020F 2021F 2022F 10.00% Petrol Diesel CNG 40.00% Hatchback (X%) 20.00% 30.00% Sedan (X%) India Passenger Car Market (2016) Segmental Shares (2016) Asta Sportz Magna Era MUVs (X%) X Thousand Units Source: XXXXX Note: These are dummy figures; please purchase our report for actual data SUVs (X%) 10 © TechSci Research

11. Report Ordering India Passenger Car Market By Vehicle Type, By Segment Type, By Fuel Type, By Engine Capacity, Competition Forecast & Opportunities, 2012 – 2022 Report Price License Type Price Electronic Access - Single User License $2700 CD-ROM Mail Delivery $3200 Hard Copy Mail Delivery $3700 Electronic Access - Multi-User License $5000 To View Sample OR Purchase Report 11 © TechSci Research

12. About Us: TechSci Research is a global market research and consulting company with offices in Canada, India and the UK. TechSci Research provides market research reports in a number of areas to organizations. The company uses innovative business models that focus on improved productivity, while ensuring creation of high-quality reports. The proprietary forecasting models use various analyses of both industry-specific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’ model of a country, regional and global industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich evaluation of the opportunities available in the market. Related Reports Global Mobility on Demand Market Forecast & Opportunities, 2022 Australia Commercial Vehicle Market Forecast & Opportunities, 2022 India Commercial Vehicle Market Forecast & Opportunities, 2023 Partial List of Clients Disclaimer: The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made that it is timely, accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sources including which it considers reliable and first hand. However, TechSci Research does not guarantee the accuracy, adequacy or completeness of any information and it is not responsible for any errors or omissions or for the results obtained from the use of such information and especially states that it has no financial liability whatsoever to the subscribers / users of this report. The information herein, together with all estimates and forecasts, can change without notice. All the figures provided in this document are indicative of relative market size and are strictly for client’s internal consumption. Usage of the same for purpose other than internal will require prior approval of TechSci Research. TechSci Research – North America 2950, Boundary Road, Burnaby, British Columbia, Canada Tel: +1- 646- 360-1656 Email: sales@techsciresearch.com www.techsciresearch.com TechSci Research – Europe 54, Oldbrook, Bretton, Peterborough, United Kingdom Email: sales@techsciresearch.com www.techsciresearch.com TechSci Research – Asia-Pacific A – 51, Sector -57, Noida, National Capital Region, U.P. - India Tel: +91-120-4243434 Email: sales@techsciresearch.com www.techsciresearch.com 12 12 © TechSci Research