India Car Market Share
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We have a lot image of India Car Market ShareIndia Car Market Share et Size, Share, Trends, Companies. The Indian used car market was valued at USD 24.24 billion in 2019, and it is expected to register a CAGR of 15.12% during the forecast period (2020-2025). The used car market evolved in the country, with the growth of the organized and semi-organized sector.
Indian Car Market Share: Complete Indian Auto Sales. However, the South Korean carmaker Hyundai India which launched its much-awaited hatchback Santro witnessed a slow growth of 4.30 percent at 550002 units in 2018. It also saw a decline of 0.2 percent in market share to 16.2 per cent.
Growth, Trends And Forecasts. The India Luxury Car Market is anticipated to register a CAGR of over 6% during the forecast period 2020 - 2025. India is a huge market for vehicles and possesses a very high potential for luxury cars. Whereas the luxury car market penetration level in the country is low but leading luxury car manufacturers are betting on the market’s potential.
Car Sharing Market Statistics. Monetary benefits from car-sharing are supporting the demand for P2P sharing services. The P2P car sharing market accounted for over 25% revenue share in 2019. The demand for P2P sharing is significantly increasing owing to easy access to private car rentals. P2P business model allows private car owners to rent personal cars that are not in regular use. Vehicle owners can charge a rental fee and provide additional services such as insurance and car maintenance.
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