Summary
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India's auto market has been stagnant due to economic slowdown and high interest rates of loans since the end of 2012. In anticipation of its long-term growth, however, a number of OEMs are planning to launch new models, increase locally produced vehicles, and expand their production capabilities in the country.
In August 2013, LMC Automotive forecasts India's light vehicle sales for 2013 to fall by 12% to 2.88 million units. In this time of economic gloom, with higher costs of financing and depleting discretionary income, India's vast middle class is holding back on the purchase of vehicles. In spite of the current slowdown, LMC Automotive still thinks that India's light vehicle sales would expand at a double digit CAGR in the longer term. The market is projected to have a size of 4.46 million units by 2016.
Related Reports:
Japanese suppliers urged to invest in India (Sep. 2013)
Suzuki: enhances operations in Southeast Asia, Japan and India (May 2013)
Local Reconstruction Note
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Vehicle production of 4.07 million and sales of 3.48 million for FY 2012-13
The source outline identifies this section as part of “India: Japanese OEMs to boost capacity in anticipation of long-term growth”. Based on the available local metadata, this section should be read through the lens of Tata, Maruti Suzuki, Production Forecast, Automotive, Suppliers, Worldwide OEM Plants and the visible introduction, figures, captions, and tables.
Launch of new passenger vehicles: more compact cars and SUVs introduced
The source outline identifies this section as part of “India: Japanese OEMs to boost capacity in anticipation of long-term growth”. Based on the available local metadata, this section should be read through the lens of Tata, Maruti Suzuki, Production Forecast, Automotive, Suppliers, Worldwide OEM Plants and the visible introduction, figures, captions, and tables.
Japanese OEMs: Suzuki, Toyota, Honda, Nissan and Isuzu
The source outline identifies this section as part of “India: Japanese OEMs to boost capacity in anticipation of long-term growth”. Based on the available local metadata, this section should be read through the lens of Tata, Maruti Suzuki, Production Forecast, Automotive, Suppliers, Worldwide OEM Plants and the visible introduction, figures, captions, and tables.
Indian OEM: Tata Motors
The source outline identifies this section as part of “India: Japanese OEMs to boost capacity in anticipation of long-term growth”. Based on the available local metadata, this section should be read through the lens of Tata, Maruti Suzuki, Production Forecast, Automotive, Suppliers, Worldwide OEM Plants and the visible introduction, figures, captions, and tables.
European and Korean OEMs: Daimler, BMW, VW, Fiat and Hyundai
The source outline identifies this section as part of “India: Japanese OEMs to boost capacity in anticipation of long-term growth”. Based on the available local metadata, this section should be read through the lens of Tata, Maruti Suzuki, Production Forecast, Automotive, Suppliers, Worldwide OEM Plants and the visible introduction, figures, captions, and tables.
Related Local Signals
Nearby records in the local archive include Global Top 10 OEMs Production Forecast (Q4 2025); Indian market 5-year forecast: New car sales to exceed 6 mn units in 2030; Chinese market : Chinese OEMs take 70% share as foreign OEMs struggle; Global Top 10 OEMs Production Forecast (Q3 2025). These titles can be used as adjacent evidence when comparing suppliers, technologies, markets, and reporting periods.