myhlln profilja

India is the world's second most populous country with over 1.3 billion people, and the automotive market in India is expected to grow at a CAGR of 18% during FY 2020-2025. The automotive market in India is divided into passenger cars (sedans), sports utility vehicles (SUVs/crossovers), buses, trucks, and vans. The passenger car segment dominates the Indian automotive market, accounting for over 60% of the total market share. The passenger car segment is further classified into sedan, hatchback and MPV. The sedan and MPV have the highest market share in terms of volume. In the passenger car segment, Honda leads the segment by selling more cars than any other auto maker. The auto segment is further divided into light duty, mid-size and heavy duty vehicles. The passenger car market in India is estimated to be valued at around 8600 crores in FY 2016-17, growing at a CAGR of 6.5% during FY2016-2022. Automobile website, Reviewtalks has predicted that the passenger car market in India will be worth $72 billion by 2020. In FY2016-17, the passenger car segment accounted for around 15% of the total passenger vehicle sales in India. The estimated automobile market in India is valued at around $20 billion and is projected to grow over the coming years.