India was one of the leading countries in the world in terms of vehicle production. In financial year 2023, the total production volume of vehicles in India was around 25.93 million units, which was an increase from the previous year. In 2020, the production value contracted the first time during the presented period. This was partially due to the introduction of the new Bharat Stage VI (BS-VI) emissions standards from April 1, 2020, and overall scaled down production to lower stock of the old BS-IV vehicles. Further decline in production was contributed by the coronavirus pandemic in India.
The new emission standards were first introduced in 2016 by the Indian government. India was the first country to skip BS-V altogether and start with a higher stage of standards. Within just four years, India turned the challenge into an opportunity and completed the transition of fuel and vehicles complying with the BS-VI standards. Combining with a scrappage program, BS-VI standards could significantly improve the air quality and public health in India.
Production volume of vehicles across India from financial year 2011 to 2023, by segment
(in millions)
Characteristic
Two wheelers
Three wheelers
Passenger vehicles
Commercial vehicles
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SIAM India. (July 6, 2023). Production volume of vehicles across India from financial year 2011 to 2023, by segment (in millions) [Graph]. In Statista. Retrieved July 23, 2024, from https://www.statista.com/statistics/607818/vehicle-production-volume-by-segment-india/
SIAM India. "Production volume of vehicles across India from financial year 2011 to 2023, by segment (in millions)." Chart. July 6, 2023. Statista. Accessed July 23, 2024. https://www.statista.com/statistics/607818/vehicle-production-volume-by-segment-india/
SIAM India. (2023). Production volume of vehicles across India from financial year 2011 to 2023, by segment (in millions). Statista. Statista Inc.. Accessed: July 23, 2024. https://www.statista.com/statistics/607818/vehicle-production-volume-by-segment-india/
SIAM India. "Production Volume of Vehicles across India from Financial Year 2011 to 2023, by Segment (in Millions)." Statista, Statista Inc., 6 Jul 2023, https://www.statista.com/statistics/607818/vehicle-production-volume-by-segment-india/
SIAM India, Production volume of vehicles across India from financial year 2011 to 2023, by segment (in millions) Statista, https://www.statista.com/statistics/607818/vehicle-production-volume-by-segment-india/ (last visited July 23, 2024)
Production volume of vehicles across India from financial year 2011 to 2023, by segment (in millions) [Graph], SIAM India, July 6, 2023. [Online]. Available: https://www.statista.com/statistics/607818/vehicle-production-volume-by-segment-india/