印度汽车工业行业市场前景及投资研究报告-培训课件外文版2024.6特斯拉比亚迪吉利小米SU7

INDUSTRIES

&

MARKETSAutomotiveindustryinIndiaCHAPTER

01OverviewMotorvehicleproductionvolumeworldwidein2023,bycountry(in1,000units)Leadingcarmanufacturingcountriesworldwide2023ProductionvolumeinthousandunitsCars

Commercialvehicles15,000

20,00005,00010,00025,00030,00035,000ChinaUnitedStatesJapanIndia*SouthKoreaGermany**MexicoSpainBrazilThailandCanadaFrance3Description:Chinaledthemarketformotorvehicleproductionin2023,producingmorethan30millioncarsandcommercialvehiclesthatyear.Thiswasevengreaterthantheproductionvaluesoftheothertopfivecountriescombined.Incomparison,vehicleproductionintheUnitedStates—thesecond-rankingcountry—amountedtoapproximately10.6millionunits,themajorityofwhichwerecommercialvehicles.ReadmoreNote(s):Worldwide;2023Source(s):OICAPassengermovementbyroadinIndiafromfinancialyear2001to2020(inbillionpassengersperkilometer)NumberofroadtransportpassengersinIndiaFY2001-202030,00025,00020,00015,00010,00025,19922,58220,23717,83215,42813,39311,74210,4699,4788,4097,192FY6,182FY5,4824,657FY4,252FY5,00003,469FY3,070FY2,815FY2,413FY2,076FYFYFYFYFYFYFYFYFYFYFYFY2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

20204Description:Infiscalyear2020,theroadtransportpassengersamountedtoaround25.2trillionpassengersperkilometeracrossIndia.TheroadnetworkacrossthesouthAsiancountrywasthesecondlargestintheworld.India’sautomotivemarketwasdominatedbytwo-wheelersandpassengervehicles.Two-wheelersalesinrecentyearshadashareofover80percent.

ReadmoreNote(s):India;FY2001toFY2020Source(s):MinistryofRoadTransportandHighways(India)NumberofregisteredvehiclesacrossIndiafromfinancialyear1951to2020(inmillions)NumberofregisteredvehiclesinIndiaFY1951-2020350300250200150100326.3295.8272.6253.3230210190.7176159.5141.9127.7115105.496.7FY89.6FY81.5FY72.7FY67FY58.955FY50021.4FY5.4FY0.3

0.7

1.9FY

FY

FYFYFYFYFYFYFYFYFYFYFYFYFYFYFY1951

1961

1971

1981

1991

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

20205Description:ThenumberofregisteredvehiclesacrossIndiawasover326millioninfiscalyear2020.Vehicleregistrationsgrewatacompoundannualgrowthrateofoverninepercentbetweenfiscalyears2010and2020.ThesouthAsiancountry'stransportsectoraccountedfora4.59percentshareoftheGVAwithroadtransportaccountingforoverthreepercentofit.TheGVAfromrailwayswasabout0.74percentandairtransportaccountedforabout0.12percentduringthesametimeperiod.

ReadmoreNote(s):India;FY1951toFY2020Source(s):MinistryofRoadTransportandHighways(India)EmploymentintheautomotivesectoracrossIndiafromfinancialyear2013to2019(in1,000s)AutomotivesectoremploymentIndiaFY2013-20191,6001,4001,2001,465.911,365.441,303.581,241.521,195.321,076.381,058.51,0008006004002000FY2013FY2014FY2015FY2016FY2017FY2018FY20196Description:TheIndianautomotivesectoremployedover1.47millionpeopleinfiscalyear2019.TheemploymentfigureswererelativelysmallcomparedtotheEUautomotiveindustrythatemployedaround2.7millionpersonnel.IntheUnitedStates,partdealersandmotorvehiclesectorhadaround2.8millionemployeesontheirpayrollsin2021.Eventhen,Indiahadoneofthelargestglobalautomotivemarketsin2019.Thesectorhowever,startedfacingtheeffectsofaslowdownintermsofsales[...]

ReadmoreNote(s):India;FY2013toFY2019Source(s):MinistryofRoadTransportandHighways(India)SizeofautomotivecomponentmarketacrossIndiafromfinancialyear2016to2023(inbillionU.S.dollars)AutomotivecomponentsmarketsizeinIndiaFY2016-2023807069.7605040302010057.156.551.249.345.943.5539.05FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY20237Description:Infiscalyear2023,themarketsizeforautocomponentsinthecountryaccountedforapproximately67.7billionU.S.dollars,upfromabout56.5billionU.S.dollarsinfiscalyear2022.Withthemarketpushforelectricvehicles,anumberofautomotivecomponentcompaniesinIndiaplannedtomanufacturelithium-ionbatteriesinthefuture.ReadmoreNote(s):India;FY2016toFY2023Source(s):AutomotiveComponentManufacturersAssociationofIndiaValueofIndiancentralgovernmentroadtransporttaxrevenuefromfinancialyear2010to2019(intrillionIndianrupees)IndiancentralgovernmentroadtransporttaxrevenueFY2010-20193.02.82.522.01.51.00.50.01.811.211.10.910.890.750.760.48FY2010FY2011FY2012FY2013FY2014FY2015FY2016FY2017FY2018FY20198Description:ThetaxrevenuefromroadtransportationacrossIndiaforthecentralgovernmenthadamountedtoapproximately1.2trillionIndianrupeesinfiscalyear2019.HighspeeddieselwerethehighesttaxedproductsacrossthesouthAsiancountry.DespitetheintroductionoftheGoodsandServicesTaxin2017,roadtaxcontinuedtobepaidoverandaboveit.ReadmoreNote(s):India;FY2010toFY2019Source(s):MinistryofRoadTransportandHighways(India);Website(CentralExciseandCustoms)CHAPTER

02TradeExportvolumeofpassengervehiclesfromIndiafromfinancialyear2015to2023(in1,000s)ExportvolumeofpassengervehiclesfromIndiaFY2015-2023800700758.73748.37676.19662.12662.89653.05621.34596.14577.886005004003002001000404.4FY2014FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY202310Description:Infiscalyear2023,around662.9thousandpassengercarswereexportedfromIndia.IttookaroundsevenyearsfortheIndianpassengervehiclemarkettomakethejumpinproductionvolumefrom3.7millionto4.6million.In2022,overthreemillionpassengervehiclesproducedweresolddomestically.MarutiSuzuki,thecountry’sbiggestcarmanufacturer,hadtheleadingshareinsalesvolumeofpassengercars.

ReadmoreNote(s):India;FY2015toFY2023Source(s):AutoPunditz;SIAMIndiaExportvolumeofcommercialvehiclesfromIndiabetweenfinancialyear2015and2023(in1,000s)ExportvolumeofcommercialvehiclesIndiaFY2015-2023120108.27103.1299.9396.8710080604020092.386.9478.6560.3850.33FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY202311Description:Around78thousandcommercialvehicleswereexportedfromIndiainfiscalyear2023.TheIndianautomobileindustryhasbeenthefourthlargestintheworldsince2017.Two-wheelersaccountedforshareofabout75percentinthedomesticindustryduringthesameperiod.ReadmoreNote(s):India;FY2015toFY2023Source(s):SIAMIndiaExportvolumeoftwo-wheelersfromIndiabetweenfinancialyear2015and2023(in1,000s)Exportvolumeoftwo-wheelersIndiaFY2015-20235,0004,5004,0003,5003,0004,443.023,652.123,519.413,280.843,282.792,8152,457.472,482.882,340.282,5002,0001,5001,0005000FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY202312Description:Over3.65millionunitsoftwo-wheelerswereexportedfromIndiainfiscalyear2023.Itwasadecreaseincomparisonwiththepreviousyear.ThesouthAsiancountrywasthelargestmanufactureroftwo-wheelersacrosstheglobe.Theexportvolumesawdecreasefortwoconsecutiveyearsinfinancialyear2020and2021,mostlyduetotheimpactofcoronaviruspandemic.ReadmoreNote(s):India;FY2015toFY2023Source(s):SIAMIndiaExportvolumeofthree-wheelersfromIndiabetweenfinancialyear2015to2023(in1,000s)Three-wheelerexportvolumeIndiaFY2015-2023600500567.68502.65499.73407.6404.44392.943814003002001000365.55271.89FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY202413Description:Around366thousandthree-wheelerswereexportedfromIndiaattheendoffiscalyear2023.India’sautomotivemarketwasdominatedbytwo-wheelersandpassengervehicles.Theexportvolumesawdecreasefortwoconsecutiveyearsin2020and2021,mostlyduetotheimpactofcoronaviruspandemic.ReadmoreNote(s):India;FY2015toFY2023Source(s):SIAMIndiaValueofautomotivepartsexportsfromIndiabetweenfinancialyear2009to2023(inbillionU.S.dollars)ValueofautomotivepartsexportsIndiaFY2009-202325201520.11915.214.513.513.311.210.810.910.29.78.91056.75.140FY2009

FY2010

FY2011

FY2012

FY2013

FY2014

FY2015

FY2016

FY2017

FY2018

FY2019

FY2020

FY2021

FY2022

FY202314Description:Infinancialyear2023,India'sautomotivepartsexportswerevaluedataround20.1billionU.S.dollars.Thiswasaslightincreasecomparedtothepreviousyear.Thecompoundgrowthrateoftheautomotivepartsexportbetween2019and2023wasaround5.7percent.EuropeandNorthAmericawerethemainexportmarketsforIndia'sautocomponentsindustry.ReadmoreNote(s):India;FY2009toFY2023Source(s):AutomotiveComponentManufacturersAssociationofIndiaCHAPTER

03SegmentsProductionvolumeofvehiclesacrossIndiafromfinancialyear2011to2023,bysegment(inmillions)ProductionvolumeofvehiclesIndiaFY2011-2023,bysegmentTwowheelersThreewheelersPassengervehiclesCommercialvehicles35302520151050FY2011FY2012FY2013FY2014FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY202316Description:Indiawasoneoftheleadingcountriesintheworldintermsofvehicleproduction.Infinancialyear2023,thetotalproductionvolumeofvehiclesinIndiawasaround25.93millionunits,whichwasanincreasefromthepreviousyear.In2020,theproductionvaluecontractedthefirsttimeduringthepresentedperiod.ThiswaspartiallyduetotheintroductionofthenewBharatStageVI(BS-VI)emissionsstandardsfromApril1,2020,andoverallscaleddownproductiontolowerstockofthe[...]

ReadmoreNote(s):India;FY2011toFY2023;ValueshavebeenroundedforclaritySource(s):SIAMIndiaProductionvolumeofpassengervehiclesinIndiafromfinancialyear2014to2023(inmillions)PassengervehiclesproductionvolumeIndiaFY2014-20235.04.54.584.024.034.03.83.653.473.423.53.02.52.01.51.00.50.03.223.093.06FY2014FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY202317Description:Attheendoffiscalyear2023,4.58millionpassengervehicleswereproducedacrossIndia.Thecountry’sautomobileindustrywitnessedaslowdownduetoaneconomicslumpandtheimpactofthecoronaviruspandemicinfinancialyears2020and2021.Risingcongestionandthepushfromthegovernmenttoswitchtoelectricvehiclescouldalsobeareasonforthedeclineingrowth.Previouslybetweenfiscalyears2007and2017,thecompoundannualgrowthrateofregisteredmotor[...]

ReadmoreNote(s):India;FY2014toFY2023Source(s):SIAMIndiaProductionvolumeofmediumandheavycommercialvehiclesacrossIndiafromfinancialyear2008to2021(in1,000s)ProductionvolumeofM&HCVinIndiaFY2008-2021500450444.36384.840035030025020015010050344.54342.76344.59341.29294.96278.56268.55250.13232.41221.56192.28181.240FY2008FY2009FY2010FY2011FY2012FY2013FY2014FY2015FY2016FY2017FY2018FY2019FY2020FY202118Description:Infiscalyear2021,theproductionvolumeofmediumandheavycommercialvehiclesacrossIndiawasaround181thousandunits.Infiscalyear2019,theIndiancommercialvehicleindustryrecordedanalltimehighwithasalesvolumeofoveramillionunits.Thedecreasewasmainlyduetotheimpactofthecoronaviruspandemic.ReadmoreNote(s):India;FY2008toFY2021Source(s):MinistryofRoadTransportandHighways(India);SIAMIndiaProductionvolumeoftwowheelersacrossIndiafromfinancialyear2008to2023(inmillions)ProductionvolumeoftwowheelersIndiaFY2008-202330252024.523.1521.0319.9319.3519.4618.8318.4917.716.8815.7215.431510513.3810.518.428.030FY2008

FY2009

FY2010

FY2011

FY2012

FY2013

FY2014

FY2015

FY2016

FY2017

FY2018

FY2019

FY2020

FY2021

FY2022

FY202319Description:Two-wheelerproductionvolumestoodataround19.5millionacrossIndiaattheendoffiscalyear2023.Two-wheelersaccountedforashareofaround75percentoftotalautomobileproducedacrossthesouthAsiancountryinthesameyear.Theproductionvolumesawincreasethefirsttimeinthreeyears,whichwasmostlyduetotheimpactofcoronaviruspandemic.ReadmoreNote(s):India;FY2008toFY2023Source(s):SIAMIndiaProductionvolumeofthreewheelersacrossIndiafromfinancialyear2008to2023(in1,000s)ProductionvolumeofthreewheelersIndiaFY2008-20231,4001,2001,0001,268.831,132.981,022.18949.02934.1879.29855.7839.74830.11799.55783.72758.098006004002000619.19614.62500.66

497.02FY2008

FY2009

FY2010

FY2011

FY2012

FY2013

FY2014

FY2015

FY2016

FY2017

FY2018

FY2019

FY2020

FY2021

FY2022

FY202320Description:Three-wheelerproductionvolumestoodatover856thousandunitsacrossIndiaattheendofthefiscalyear2023.ThetransportsectoracrossthesouthAsiancountrywasrankedthirdin2017intermsofemploymentopportunities,aftertextilesandapparelandfoodprocessingindustries.ReadmoreNote(s):India;FY2008toFY2023Source(s):SIAMIndiaCHAPTER

04SalesSalesvolumeofpassengervehiclesacrossIndiafromfinancialyear2014to2023(inmillions)PassengervehiclessalesvolumeIndiaFY2014-20234.03.53.03.623.383.293.052.942.792.772.62.52.392.52.01.51.00.50.0FY2014FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY202322Description:PassengervehiclesalesinIndiasawanincreaseof23percentinfinancialyear2023,withleadingmanufacturershavingtodealwithintermittentlyimpactedbysupplychainissuesspecifictosemiconductorsandelectronics.Inthesameyear,therewerearound3.6millionpassengercarssoldacrossthesouthAsiancountry.In2020and2021,theindustrywasheavilyaffectedbythecoronaviruspandemic.ReadmoreNote(s):India;FY2014toFY2023Source(s):AutocarProfessional;FederationofAutomobileDealersAssociationsSalesvolumeofcommercialvehiclesacrossIndiafromfinancialyear2012to2023(in1,000s)CommercialvehiclessalesvolumeIndiaFY2012-20231,2001,0001,007.31962.47856.928097938006004002000714.08717.6716.57686633615568.56FY2012FY2013FY2014FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY202323Description:Infinancialyear2023,around962thousandunitsofcommercialvehiclesweresoldacrossIndia.Itwasthehighestsince2020.TataMotorsdominatedthemarketwithashareofover42percent.Theoveralleconomicslowdownduetotheimpactofcoronavirus(COVID-19),transitiontoBS-VIemissionstandards,andrevisedaxleloadnormsweresomeofthecontributingfactorsforthetwoconsecutiveyears’declineofsalesvolumeinthissector.

ReadmoreNote(s):India;FY2012toFY2023Source(s):SIAMIndiaTwo-wheelerdomesticsalesinIndiafromfromfinancialyear2011to2023(inmillionunits)Two-wheelerdomesticsalesinIndiaFY2011-2023252021.1820.217.5917.4216.4615.9815.8615.1214.811510513.813.5713.4111.770FY2011FY2012FY2013FY2014FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY202324Description:Infinancialyear2023,two-wheelersalesinIndiasawanincreasefromthepreviousyearsto15.9millionunits.Thesalesreachedanall-timehighasof2019,whenIndia'sautoindustrysoldsome21millionunits.Thisfigureisalmostdoublethe2011sales,whenjust11.77milliontwo-wheelerunitsweresoldinIndia.ReadmoreNote(s):India;FY2011toFY2023Source(s):SIAMIndiaDomesticsalesvolumeofthree-wheelersacrossIndiafromfinancialyear2015to2023(in1,000s)Three-wheelersdomesticsalesvolumeinIndiaFY2015-2023800700600701.01635.6637.07538.21532.63511.88488.775004003002001000261.39219.45FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY202325Description:Over488thousandthree-wheelersweresoldacrossIndiaattheendoffinancialyear2023.Thelowestvolumewasinthefinancialyear2021sincefinancialyear2004.ThesouthAsiancountrywasthelargestworldwidemarketforthee-wheelerproductionandsales.India’sautomotivemarketwasdominatedbytwo-wheelersandpassengervehicles.ReadmoreNote(s):India;FY2015toFY2023Source(s):SIAMIndiaBest-sellingcarsbyvolumeacrossIndiain2023TopsellingcarsinIndiain2023CarsalesinunitsSwift(Maruti)WagonR(Maruti)Baleno(Maruti)Brezza(Maruti)Nexon(Tata)203,469201,301193,989170,588170,311Dzire(Maruti)Creta(Hyundai)Punch(Tata)157,522157,311150,182Ecco(Maruti)Ertiga(Maruti)136,010129,96826Description:Amongpassengervehicles,MarutiSuzuki,followedbyHyundai,hadthelargestshareofthemarketinyear2023inIndia.MarutiSuzuki’sbest-sellingmodelsincludetheSwift,Dzire,WagonRandtheBaleno.Marutialsosoldaround203thousandSwiftcarsin2023.Infinancialyear2023,MarutiSuzukireporteddomesticsalesof1.7millionunitsinIndia.ReadmoreNote(s):India;2023Source(s):AutoPunditzCHAPTER

05CompaniesPassengercarmarketshareacrossIndiain2023,byvendorPassengercarmarketshareIndia2023,byvendorMarketshare0%5%10%15%20%25%30%35%40%45%MarutiSuzukiHyundaiTata41.6%14.7%13.4%MahindraKia10.6%6.2%5.4%ToyotaHondaMG2.1%1.4%Skoda1.2%1.2%1.1%RenaultVolkswagenNissanJeep0.7%0.2%CitroenBYD0.2%0.1%28Description:MarutiSuzukihadtheleadingshareinthepassengercarmarketacrossIndiaintheyear2022withmorethan46percent.Thetopfourplayersheldapproximately80percentofthemarketshare.Thiswaspredominantlyduetobrandloyaltyandnewlaunches.ReadmoreNote(s):India;2023Source(s):AutoPunditzMarketshareofcommercialvehiclesacrossIndiainfinancialyear2021and2023,bymanufacturerCommercialvehiclemarketshareIndiaFY2021-2023,bymanufacturerTataMotorsVECVForceMotorsMahindra&MahindraMarutiSuzukiIndiaSMLIsuzuAshokLeylandDaimlerIndiaCommercalVehicleOthers120%100%80%60%40%20%0%FY2021FY2022FY202329Description:Infinancialyear2023,TataMotorsdominatedthedomesticcommercialvehiclemarketacrossIndiawithashareofover39percent.Inthatyear,thecompanyhadasalesvolumeofaround368thousandunits.CommercialvehiclessaleshadbeenonaninlineacrossthesouthAsiancountryforafewyears.Frommid-2019however,theautomotiveindustry’sslowdownhasaffectedthesalesandproductionalike.ReadmoreNote(s):India;FY2021andFY2023Source(s):AutocarProfessional;FederationofAutomobileDealersAssociationsMarketshareoftwo-wheelersacrossIndiainfinancialyear2023,byleadingmanufacturersMarketshareoftwo-wheelersIndiaFY2023,byleadingmanufacturersMarketshare15%0%5%10%20%25%30%35%HeroMotoCorpHondaMotorcycles&ScootersTVS32.2%25.2%16.2%BajajAuto11.3%SuzukiMotorcycleRoyalEnfield4.5%4.5%IndiaYamahaMotorOlaElectric3.5%1.2%0.39%0.33%OkinawaAutotechPiaggio30Description:Inthefinancialyear2023,HeroMotoCorpwastheleadingtwo-wheelermanufacturerinIndia,withamarketshareof32percent.Thevolumeoftwo-wheelerssoldacrossIndiaduringthesameperiodreached15.9millionunits,whichwasanincreasefromthepreviousyear’s13.6millionunits.ReadmoreNote(s):India;FY2023Source(s):ETAutoMarketshareinthethree-wheelersectoracrossIndiainfinancialyear2023,bycompanyDomesticthree-wheelermarketshareIndiaFY2023,bycompanyMarketshare15%0%5%10%20%25%30%35%BajajAutoPiaggioVehicles33%8.4%Mahindra&MahindraYcElectricVehicleSaeraElectricAutoAtulAuto4%3.9%2.9%2.7%2.2%2.2%1.9%DilliElectricAutoMahindraRevaElectricVehiclesTVSMotorCompanyChampionPolyplastMiniMetroEV1.8%1.6%UniqueInternationalJ.S.Auto1.4%1.2%TerraMotorsIndiaOthersincludingEV1.1%31.69%31Description:BajajAutohadtheleadingmarketshareofabout33percentinthethree-wheelersegmentacrossIndiainfiscalyear2023.ItwasfolloweddistantlybyPiaggioat8.4percent.Moreandmoreelectricthree-wheelershaveenteredthemarket,threateningtheexistingplayers.ReadmoreNote(s):India;FY2023Source(s):FederationofAutomobileDealersAssociationsSalesvolumeofMa