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India Passenger Car Market: USD 69.67 Billion by 2032 with SUVs Holding 53.54% Share, Says Mordor Intelligence
GlobeNewswire Inc.·
India's passenger car market is projected to grow from USD 44.45 billion in 2026 to USD 69.67 billion by 2032 at a CAGR of 7.83%. SUVs are expected to hold 53.54% market share, while ICE vehicles maintain 83.33% dominance. Growth drivers include expanding CNG infrastructure, rising compact SUV demand, and increasing fleet demand from ride-hailing services.
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