India Hybrid Vehicles Market Report 2025-2030 Featuring Major Players - Maruti Suzuki, Toyota, and Honda - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Hybrid Vehicles Market in India (2025-2030)" report has been added to ResearchAndMarkets.com's offering.

In FY 2024, a total of 323,913 units of hybrid vehicles were sold across the country. By the end of FY 2030, around 1,730,983 hybrid vehicles are expected to be sold, expanding at a compound annual growth rate (CAGR) of ~34.81% during the FY 2025 - FY 2030 period.

India's hybrid vehicle market is poised for substantial growth between 2025-2030, driven by stricter emission norms, rising fuel prices, and consumer demand for fuel-efficient options. The government's push for electrification, coupled with hybrid incentives, is fostering market expansion.

Major automakers, including Maruti Suzuki, Toyota, and Honda, are investing heavily in hybrid technology. With growing consumer awareness and improving infrastructure, hybrid vehicles are positioned as a crucial bridge between internal combustion engine (ICE) and fully electric vehicles (EVs).

Market insights:

The government's Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME-II) scheme continues to encourage hybrid vehicle adoption. As of 2024, hybrid penetration in India's passenger vehicle segment remains around 2-3%, but is expected to rise significantly as fuel prices remain volatile and urban emissions become a critical issue.

Automakers like Toyota, Maruti Suzuki, and Honda have already introduced strong hybrid models, targeting mass-market consumers. Additionally, the expansion of ethanol-blended fuel infrastructure and hybrid-electric drivetrain advancements will drive further adoption.

Market trends:

The hybrid vehicle market in India is evolving with key trends shaping its trajectory. Strong hybrids are witnessing increased adoption due to their superior fuel efficiency and government-backed incentives. Automakers are localizing hybrid technology, reducing dependence on imported components, and enhancing cost-effectiveness.

Ethanol-blended hybrid engines are gaining momentum, aligning with India's renewable energy goals. Additionally, technological advancements, such as improved regenerative braking systems and AI-driven power management, are optimizing vehicle efficiency. The expansion of sustainable mobility infrastructure is further accelerating hybrid adoption in urban centers.

Market influencers:

Stricter emission norms and rising fuel prices are major drivers pushing hybrid vehicle adoption. The government's Corporate Average Fuel Economy (CAFE) regulations are compelling automakers to develop fuel-efficient hybrid models. Furthermore, investments from companies like Toyota, Maruti Suzuki, and Tata Motors are strengthening the hybrid ecosystem.

However, challenges persist, including high upfront costs and limited tax benefits compared to full EVs. Consumer perception of hybrids as a transitional technology also affects demand, though advancements in hybrid powertrains are gradually shifting preferences.

Key Topics Covered:

Chapter 1: Executive Summary

Chapter 2: Socio-economic Indicators

Chapter 3: Introduction

3.1. Market Definition and Structure

3.2. PHEV/BEV Aftermarket: Traditional Aftermarket Value Chain

3.3. Battery Electric Vehicles (BEV) vs Hybrid Electric Vehicles (HEV) vs Plug-in Hybrid Electric Vehicles (PHEV)

Chapter 4: Market Overview

4.1. Hybrid Electric Vehicles Market in India - An Overview

4.1.1. Market Size  -  Based on Value (FY 2023  -  FY 2030e)

4.1.2. Current Market Scenario

Chapter 5: Business Model

5.1. PHEV/BEV Aftermarket: Traditional Aftermarket Value Chain

5.2. PHEV/BEV Aftermarket: Evolving Aftermarket Value Chain

Chapter 6: Market Influencers

6.1. Market Growth drivers

6.2. Market challenges

Chapter 7: Government Initiatives

7.1. Key Initiatives by the Government that Support the Hybrid Vehicles Market in India

Chapter 8: Market Trends

8.1. Key Market Trends

Chapter 9: Competitive Landscape

9.1. Mahindra & Mahindra Limited

• Company information
• Business description
• Products/Services
• Key people
• Financial snapshot
• Key ratios
• Key financial performance indicators
• Key business segments
• Key geographic segments

9.2. Maruti Suzuki India Limited

9.3. Tata Motors Limited

9.4. Ola Electric Mobility Private Limited

9.5. BMW India Private Limited

9.6. Honda Motor Company Limited

9.7. Hyundai Motor India Limited

9.8. MG Motor India Private Limited

9.9. Toyota Kirloskar Motor Private Limited

9.10. Volvo Group India Private Limited

Chapter 10: Upcoming Products

10.1. Upcoming Product Launches

Chapter 11: Recent Developments

For more information about this report visit https://www.researchandmarkets.com/r/bxjj5l

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