India Hybrid Vehicles Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029

The India Hybrid Vehicles Market is segmented by Vehicle Type ( Commercial Vehicles, Passenger Vehicles )

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India Hybrid Vehicles Market Size

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India Hybrid Vehicles Market
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https://s3.mordorintelligence.com/study%20period/1629296433432_test~study_period_study_period.svg Study Period 2016 - 2029
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2024) USD 0.42 Billion
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2029) USD 1.28 Billion
https://s3.mordorlabs.com/passenger_vehicles/1629285650768_test~passenger_vehicles_passenger_vehicles.svg Largest Share by Vehicle Type Commercial Vehicles
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg CAGR (2024 - 2029) 24.97 %
https://s3.mordorlabs.com/passenger_vehicles/1629285650768_test~passenger_vehicles_passenger_vehicles.svg Fastest Growing by Vehicle Type Commercial Vehicles

Major Players
major-player-company-image major-player-company-image major-player-company-image major-player-company-image

*Disclaimer: Major Players sorted in no particular order

Key Players

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India Hybrid Vehicles Market Analysis

The India Hybrid Vehicles Market size is estimated at USD 0.42 billion in 2024, and is expected to reach USD 1.28 billion by 2029, growing at a CAGR of 24.97% during the forecast period (2024-2029).

  • Fastest-growing Segment by Body Type - Light Commercial Vans : The Market for the passenger vehicles segment is increasing due to government stringent norms on vehicular emission coupled with a high sales volume of passenger cars.
  • Largest Segment by Body Type - Medium-duty Commercial Trucks : Government support through rebates, incentives, and growing demand for low or zero-emission vehicles has increased the demand for passenger cars, benefitting the passenger vehicle segment in India.

India Hybrid Vehicles Market Trends

This section covers the major market trends shaping the India Hybrid Vehicles Market according to our research experts:

Commercial Vehicles is the largest segment by Vehicle Type.

India Hybrid Vehicles Market

India Hybrid Vehicles Industry Overview

The India Hybrid Vehicles Market is fairly consolidated, with the top five companies occupying 75.59%. The major players in this market are AB Volvo, Honda Motor Co. Ltd., Hyundai motor ltd, MG Motor India Pvt. Ltd. and Toyota Motor Corp (sorted alphabetically).

India Hybrid Vehicles Market Leaders

  1. AB Volvo

  2. Honda Motor Co. Ltd.

  3. Hyundai motor ltd

  4. MG Motor India Pvt. Ltd.

  5. Toyota Motor Corp

*Disclaimer: Major Players sorted in no particular order

India Hybrid Vehicles Market
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India Hybrid Vehicles Market Report - Table of Contents

  1. 1. EXECUTIVE SUMMARY & KEY FINDINGS

  2. 2. REPORT OFFERS

  3. 3. INTRODUCTION

    1. 3.1 Study Assumptions & Market Definition

    2. 3.2 Scope of the Study

    3. 3.3 Research Methodology

  4. 4. KEY INDUSTRY TRENDS

    1. 4.1 Population

    2. 4.2 GDP

    3. 4.3 CVP

    4. 4.4 Inflation Rate

    5. 4.5 Interest Rate For Auto Loans

    6. 4.6 Battery Price (per Kwh)

    7. 4.7 Electrification Impact

    8. 4.8 New XEV Models Announced

    9. 4.9 Charging Stations Deployment

    10. 4.10 Regulatory Framework

    11. 4.11 Value Chain & Distribution Channel Analysis

  5. 5. MARKET SEGMENTATION

    1. 5.1 Vehicle Type

      1. 5.1.1 Commercial Vehicles

        1. 5.1.1.1 Buses

        2. 5.1.1.2 Heavy-duty Commercial Trucks

        3. 5.1.1.3 Light Commercial Pick-up Trucks

        4. 5.1.1.4 Light Commercial Vans

        5. 5.1.1.5 Medium-duty Commercial Trucks

      2. 5.1.2 Passenger Vehicles

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Key Strategic Moves

    2. 6.2 Market Share Analysis

    3. 6.3 Company Landscape

    4. 6.4 Company Profiles

      1. 6.4.1 AB Volvo

      2. 6.4.2 Honda Motor Co. Ltd.

      3. 6.4.3 Hyundai motor ltd

      4. 6.4.4 Maruti Suzuki

      5. 6.4.5 MG Motor India Pvt. Ltd.

      6. 6.4.6 Nissan Motor corp

      7. 6.4.7 Toyota Motor Corp

  7. 7. KEY STRATEGIC QUESTIONS FOR VEHICLES CEOS

  8. 8. APPENDIX

    1. 8.1 Global Overview

      1. 8.1.1 Overview

      2. 8.1.2 Porter's Five Forces Framework

      3. 8.1.3 Global Value Chain Analysis

      4. 8.1.4 Market Dynamics (DROs)

    2. 8.2 Sources & References

    3. 8.3 List of Tables & Figures

    4. 8.4 Primary Insights

    5. 8.5 Data Pack

    6. 8.6 Glossary of Terms

List of Tables & Figures

  1. Figure 1:  
  2. INDIA HYBRID VEHICLES MARKET, POPULATION YOY GROWTH RATE, MILLION UNITS, 2016 – 2026
  1. Figure 2:  
  2. INDIA HYBRID VEHICLES MARKET, GDP YOY GROWTH RATE, USD MILLION, 2016 – 2026
  1. Figure 3:  
  2. INDIA HYBRID VEHICLES MARKET, CVP YOY GROWTH RATE, 2016 – 2027
  1. Figure 4:  
  2. INDIA HYBRID VEHICLES MARKET, INFLATION RATE YOY GROWTH RATE, PERCENT, 2016 – 2026
  1. Figure 5:  
  2. INDIA HYBRID VEHICLES MARKET, INTEREST RATE FOR AUTO LOANS YOY GROWTH RATE, PERCENT, 2016 – 2026
  1. Figure 6:  
  2. INDIA HYBRID VEHICLES MARKET, BATTERY PRICES YOY GROWTH RATE, 2016 – 2026
  1. Figure 7:  
  2. INDIA HYBRID VEHICLES MARKET, ELECTRIFICATION IMPACT, VOLUME, YOY GROWTH RATE, PERCENT, 2016 – 2026
  1. Figure 8:  
  2. INDIA HYBRID VEHICLES MARKET, NEW XEV MODELS ANNOUNCED, VOLUME, YOY GROWTH RATE, UNITS, 2016 – 2026
  1. Figure 9:  
  2. INDIA HYBRID VEHICLES MARKET, CHARGING STATIONS DEPLOYMENT, VOLUME, YOY GROWTH RATE, UNITS, 2016 – 2026
  1. Figure 10:  
  2. INDIA HYBRID VEHICLES MARKET, VOLUME IN UNITS, 2016 – 2026
  1. Figure 11:  
  2. INDIA HYBRID VEHICLES MARKET, VALUE IN USD, 2016 – 2026
  1. Figure 12:  
  2. INDIA HYBRID VEHICLES MARKET, BY VEHICLE TYPE, BY VOLUME IN UNITS, 2016-2028
  1. Figure 13:  
  2. INDIA HYBRID VEHICLES MARKET, BY VEHICLE TYPE, BY VALUE IN USD, 2016-2028
  1. Figure 14:  
  2. INDIA HYBRID VEHICLES MARKET MARKET, SHARE(%), BY VEHICLE TYPE, 2016 - 2028
  1. Figure 15:  
  2. INDIA HYBRID VEHICLES MARKET MARKET, SHARE(%), BY VEHICLE TYPE, 2016 - 2028
  1. Figure 16:  
  2. INDIA HYBRID VEHICLES MARKET, BY SUB BODY TYPE, BY VOLUME IN UNITS, 2016-2028
  1. Figure 17:  
  2. INDIA HYBRID VEHICLES MARKET, BY SUB BODY TYPE, BY VALUE IN USD, 2016-2028
  1. Figure 18:  
  2. INDIA HYBRID VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2016 - 2028
  1. Figure 19:  
  2. INDIA HYBRID VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2016 - 2028
  1. Figure 20:  
  2. INDIA HYBRID VEHICLES MARKET, BY BUSES, BY VOLUME IN UNITS, 2016-2028
  1. Figure 21:  
  2. INDIA HYBRID VEHICLES MARKET, BY BUSES, BY VALUE IN USD, 2016-2028
  1. Figure 22:  
  2. INDIA HYBRID VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
  1. Figure 23:  
  2. INDIA HYBRID VEHICLES MARKET, BY HEAVY-DUTY COMMERCIAL TRUCKS, BY VOLUME IN UNITS, 2016-2028
  1. Figure 24:  
  2. INDIA HYBRID VEHICLES MARKET, BY HEAVY-DUTY COMMERCIAL TRUCKS, BY VALUE IN USD, 2016-2028
  1. Figure 25:  
  2. INDIA HYBRID VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
  1. Figure 26:  
  2. INDIA HYBRID VEHICLES MARKET, BY LIGHT COMMERCIAL PICK-UP TRUCKS, BY VOLUME IN UNITS, 2016-2028
  1. Figure 27:  
  2. INDIA HYBRID VEHICLES MARKET, BY LIGHT COMMERCIAL PICK-UP TRUCKS, BY VALUE IN USD, 2016-2028
  1. Figure 28:  
  2. INDIA HYBRID VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
  1. Figure 29:  
  2. INDIA HYBRID VEHICLES MARKET, BY LIGHT COMMERCIAL VANS, BY VOLUME IN UNITS, 2016-2028
  1. Figure 30:  
  2. INDIA HYBRID VEHICLES MARKET, BY LIGHT COMMERCIAL VANS, BY VALUE IN USD, 2016-2028
  1. Figure 31:  
  2. INDIA HYBRID VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
  1. Figure 32:  
  2. INDIA HYBRID VEHICLES MARKET, BY MEDIUM-DUTY COMMERCIAL TRUCKS, BY VOLUME IN UNITS, 2016-2028
  1. Figure 33:  
  2. INDIA HYBRID VEHICLES MARKET, BY MEDIUM-DUTY COMMERCIAL TRUCKS, BY VALUE IN USD, 2016-2028
  1. Figure 34:  
  2. INDIA HYBRID VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
  1. Figure 35:  
  2. INDIA HYBRID VEHICLES MARKET, BY PASSENGER VEHICLES, BY VOLUME IN UNITS, 2016-2028
  1. Figure 36:  
  2. INDIA HYBRID VEHICLES MARKET, BY PASSENGER VEHICLES, BY VALUE IN USD, 2016-2028
  1. Figure 37:  
  2. INDIA HYBRID VEHICLES MARKET MARKET, SHARE(%), BY VEHICLE TYPE, 2021 - 2028
  1. Figure 38:  
  2. INDIA HYBRID VEHICLES MARKET, MOST ACTIVE COMPANIES, BY NUMBER OF STRATEGIC MOVES, 2018 - 2021
  1. Figure 39:  
  2. INDIA HYBRID VEHICLES MARKET, MOST ADOPTED STRATEGIES, 2018 - 2021
  1. Figure 40:  
  2. INDIA HYBRID VEHICLES MARKET SHARE(%), BY MAJOR PLAYERS, 2021

India Hybrid Vehicles Industry Segmentation

Commercial Vehicles, Passenger Vehicles are covered as segments by Vehicle Type.
Vehicle Type
Commercial Vehicles
Buses
Heavy-duty Commercial Trucks
Light Commercial Pick-up Trucks
Light Commercial Vans
Medium-duty Commercial Trucks
Passenger Vehicles
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Market Definition

  • Body Type - It includes passenger cars, buses, light commercial vehicles, medium& heavy-duty vehicles, medium and heavy-duty buses, trucks, M&HDT.
  • Engine Type -
  • Fuel Type -
  • Sub Body Type -
  • Vehicle Type - It includes passenger vehicles and commercial vehicles.
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Research Methodology

Mordor Intelligence follows a four-step methodology in all our reports.

  • Step-1: Identify Key Variables: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
  • Step-2: Build a Market Model: Market-size estimations for the historical and forecast years have been provided in revenue and volume terms. For sales conversion to volume, the average selling price (ASP) is kept constant throughout the forecast period for each country, and inflation is not a part of the pricing.
  • Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
  • Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
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India Hybrid Vehicles Market Research FAQs

The India Hybrid Vehicles Market size is expected to reach USD 0.42 billion in 2024 and grow at a CAGR of 24.97% to reach USD 1.28 billion by 2029.

In 2024, the India Hybrid Vehicles Market size is expected to reach USD 0.42 billion.

AB Volvo, Honda Motor Co. Ltd., Hyundai motor ltd, MG Motor India Pvt. Ltd. and Toyota Motor Corp are the major companies operating in the India Hybrid Vehicles Market.

In the India Hybrid Vehicles Market, the Commercial Vehicles segment accounts for the largest share by vehicle type.

In 2024, the Commercial Vehicles segment accounts for the fastest growing by vehicle type in the India Hybrid Vehicles Market.

In 2023, the India Hybrid Vehicles Market size was estimated at USD 330.75 million. The report covers the India Hybrid Vehicles Market historical market size for years: 2016, 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the India Hybrid Vehicles Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

India Hybrid Vehicles Industry Report

Statistics for the 2024 India Hybrid Vehicles market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. India Hybrid Vehicles analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

India Hybrid Vehicles Report Snapshots

India Hybrid Vehicles Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029