Key Market Indicators
Vehicle Registration in India is expected to increase by 0.7% year on year over the next five years, reaching 3.6 million units in 2026. Since 2010, the country has seen a 3.1% decrease in vehicle registrations. Production of vehicles in India is projected to grow by 2.3% year on year over the next five years, reaching 6.3 million units in 2026. This growth rate is up from 3.6% year on year since 2002. India ranked fourth in 2021, with Japan taking the lead with 5.4 million units. The United States, Japan and India were the top three countries in terms of vehicle production.