What is the outlook for the automotive industry in India in 2030?
India’s automotive market (PV+CV) is expected to grow from 5. CAGR of 5. India’s pre-owned car market which reached 5. FY25 is projected to grow at a 10% CAGR, reaching 9. Indian Blue Book developed by Mahindra First Choice and Volkswagen Pre-owned Certified.What is the projected value of the global automotive aftermarket industry market in 2030?DELRAY BEACH, Fla. April 24, 2025 /PRNewswire/ — The global automotive aftermarket was USD 674. USD 804. CAGR of 2. MarketsandMarkets. By 2030, the automotive landscape will be dominated by autonomous, connected, electric, and shared mobility vehicles. Industry forecasts expect global vehicle production to rise to 104 million units by 2030, with electric vehicles making up a substantial share.In 2050, a typical new vehicle will be much more than just a mode of transport; it will represent a highly integrated, intelligent ecosystem. The interior will be revolutionized by advanced technologies, such as holographic displays and interactive 3D surfaces.
What is the automotive mission plan for 2030?
The plan aims to increase vehicle production to 50 million by 2030 and 200 million by 2047, positioning the country among the top two global automobile producers. All new vehicles to run on cleaner energy (electric, hybrid, hydrogen fuel cell) from 2030, phase-out of internal combustion engines (from the entire population of motor vehicles) completed by 2040. Government Climate plan announced by the Environmental Protection Administration.
What will cars be like in 2030?
While more than six in 10 respondents think cars of 2030 will be fully electric, they don’t expect them to operate autonomously—at least not yet. Those finding ring true, as drivers remain reluctant to relinquish control of the wheel. India seeks to attain a 30% share of electric vehicles, in the total vehicles sold, by 2030. Sale of EVs in India went up from 50,000 in 2016 to 2. EV sales having risen from 918,000 in 2016 to 18.The 2025 US auto sales market continues to contend with affordability pressures and shifting EV policies. S&P Global Mobility will continue to monitor the evolving sales environment as manufacturers and consumers adapt to changing incentive landscapes.The foreseeable trends of social personas suggest that autonomous and shared mobility will increase greatly by 2030. New car sales may rise by 30% in the US, China and Europe. Europe may be fully electrified by 2030.The global EV share of the light-vehicle market is projected to grow to 24% in 2025 and 26. In the following years, this is predicted to rise to 42% in 2030, before hitting 64.
What is the next big thing in automotive?
The Next Car Technologies: AI, Connectivity, and Sustainability. The future of car technology intertwines artificial intelligence, connectivity, and eco-conscious design: Artificial Intelligence (AI) enhances autonomous driving, predictive maintenance, and personalized vehicle settings. The future of the automotive industry is here, bringing trends of electrification, autonomous vehicles, AI, IoT, machine learning, and sustainability in what may be the most exciting time for automotive innovation since the inception of the motorcar.