Indian OEMs Investment and Future Plans (1)
Major Indian OEMs invest in the transition towards e-mobility
2023/12/28
- Summary
- OEMs positive sales growth
- Maruti Suzuki India
- Hyundai Motor India
- Kia India
- Tata Motors
- Mahindra & Mahindra
Summary
Indian passenger car market witnessed tremendous growth in the last two years. The recent investment and new product announcements indicate that the Indian market is now ready for the next era of e-mobility and bigger cars. Ease of supply chain, positive sentiments, pent-up demands, the shift towards big cars, etc are major factors to drive sales in India.
This report is an extension of the previous update about the Indian passenger car market and covers major announcements of partnerships, new models, acquisitions, e-mobility investment, and capacity expansion plans of major OEMs in India.
Related reports:
Indian passenger car sales rank third globally in 2022 (Sep. 2023)
EV Charging Technology and Infrastructure Development in India (Jul. 2023)
The Maturity of the Electric Car Market - A Global Comparison (Mar. 2023)
Indian Auto Expo 2023 (2): Electric two-wheeler start-ups (Mar. 2023)
Indian Auto Expo 2023 (1): EVs and Passenger Vehicles (Feb. 2023)
Suzuki: Expanding Capacity in India to 2.6 M units, Production of BEVs from 2025 (Jan. 2023)
Indian Market Transitioning Towards Electric Mobility (Jul. 2022)
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