Market Reports on India Provides the Trending Market Research Report‘Impact of India on Auto Sector, 2020 Update – Thematic Research”under Media & Technology Category. The report offers a collection ofsuperior market research, market analysis, competitive intelligence and Market reports.
Like everywhere else India’s Auto Sector has been deeply impacted by the Covid-19 pandemic and the automotive sector is one of the hardest hit. India’s sector had already fared poorly in 2019 as issues with the economy took hold bringing a 10.3% fall in light vehicle sales in 2019. In 2020, the decline is forecast to be near on 25%. Up until Q1 2019, India’s market was finally beginning to realize its long-heralded potential. The light vehicle market had grown at a CAGR of 8.5% between 2008 and 2018. Compared with the global market’s anemic 3.8% this was a very strong result.
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