The market is dominated by domestic suppliers, as imports account for 4.2% of total market size in 2023. B2B drives market demand, with B2B spending representing 49.1% of total demand in 2023. India has the third largest market size for motorcycles, bicycles and other transport equipment regionally, with demand reaching USD31.9 billion in 2023. Hero MotoCorp Ltd is the largest company in India, generating 13.6% of the industry’s total production value in 2023. The industry is fragmented, with the top five companies generating 38.0% of total production value in 2023. The total number of companies decreases in 2023, to 360,238 units. The costs of the industry increase by 0.1% in 2023, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 10.9% of production value in 2023, the 11th highest regionally. The industry’s exports share increases in 2023 to 13.5% of total production output. With production value of USD29.0 billion, India accounts for 17.1% of the Asia Pacific total in 2023.
Delivery:
Files are delivered directly into your account soon after payment is received and any tax is certification is verified (where applicable).
This report comes in PDF.
This Euromonitor industrial report provides unique information on Motorcycles, Bicycles and Other Transport Equipment in India: ISIC 359. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Motorcycles, Bicycles and Other Transport Equipment in India: ISIC 359 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of aircraft and spacecraft, motors vehicles, trailers and semi-trailers, motocycles, bicycles and other transport equipment, railway and tramway locomotives and rolling stock, and ships and boats.
See All of Our DefinitionsIf you purchase a report that is updated in the next 60 days, we will send you the new edition and data extraction Free!