Automotive industry in India has transformed over the few years. Huge investments from international players and introduction of smart technologies in the passenger vehicles impacted positively on the India passenger vehicle interior market. Growing production and demand for passenger vehicles in India has supplemented the passenger vehicle interior market growth.
International Automotive Components (IAC) Group is a premium supplier of interior systems and components with major market share. The market leader, IAC Group accounts an estimated market share of approximately 15% to 17% of passenger vehicle interior market in the India.
In the year 2018, IAC Group expanded its portfolio into the Indian market with its new manufacturing plant in Maneser (Haryana). The company has invested more than USD 2 million to modernize infrastructure and equipment. IAC Group will manufacture center console systems, instrument panel components, vehicle headliners, and will deliver extended manufacturing and engineering support for Indian as well as global original equipment manufacturer (OEM) customers in the automotive industry.
Trends impacting the market
Now the question is which other regions IAC Group, Faurecia, Varroc Group, Robert Bosch Gmbh, and Grupo Antolin are targeting? Data Bridge Market Research has forecasted a large growth in passenger vehicle interior by component. The companies are focusing on domestic as well as international automotive aftermarket to solidify their position.
India Passenger Vehicle Interior Market is becoming more competitive every year with companies like Faurecia and IAC Group are the market leaders for India Passenger Vehicle Interior. The Data bridge market research new reports highlight the major growth factors and opportunities in the India Passenger Vehicle Interior market.
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Analysis of the India passenger vehicle interior market is further analysed based on maximum granularity into further segmentation. On the basis of component the market is segmented into cockpit module, central console, interior lighting, door panel, dome module, and others. Based on vehicle type, the market is segmented into sedan, sport utility vehicle (SUV), hybrid India Passeger Vehicle Intriors (HEVs), hatchback, and coupe. On the basis of mode of channel, the market is segmented into OEM and aftermarket
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Key Pointers Covered in the India Passenger Vehicle Interior Market Industry Trends and Forecast to 2027
Key Market Competitors Covered in the report
Above are the key players covered in the report to know about more and exhaustive list of India Passenger Vehicle Interior companies contact us https://www.databridgemarketresearch.com/toc/?dbmr=india-passenger-vehicle-interior-market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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India Passenger Vehicle Interior Market – Industry Trends and Forecast to 2027