Market Forecast By Transmission (Automatic transmission, Manual transmission, Dual clutch transmission, Automated manual transmission, Continuously variable transmission), By Vehicle (Commercial Vehicles, Passenger Cars), By Forward Gears (above 10, 9 – 10, 7 – 8, 5 – 6, less than 5) And Competitive Landscape
Product Code: ETC174883 | Publication Date: Aug 2023 | Updated Date: Jan 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
India Automotive Gearbox market currently, in 2023, has witnessed an HHI of 1809, Which has increased slightly as compared to the HHI of 1495 in 2017. The market is moving towards moderately competitive. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
Report Name | India Automotive Gearbox Market |
Forecast period | 2025-2031 |
CAGR | 6.3% |
Growing Sector | Automative |
The India Automotive Gearbox Market Report thoroughly covers the market by Transmission, Vehicle and Forward Gears. The India Automotive Gearbox Market Outlook report provides an unbiased and detailed analysis of the ongoing India Automotive Gearbox Market trends, opportunities/high growth areas, and market drivers. This would help stakeholders devise and align their market strategies according to the current and future market dynamics.
India Automotive Gearbox Market is set to grow at an unprecedented rate on account of the huge demand for fuel-efficient vehicles. In addition, increased disposable incomes and urbanization also serve to further propel growth of the market. Major market players are spending on R&D activities, in order to launch innovative gearbox solutions. Moreover, improvements in gearbox technology are also driving the market growth. Overall, the India Automotive Gearbox Market offers significant growth and development opportunities.
According to 6Wresearch, the India Automotive Gearbox Market is anticipated to grow at a CAGR of 6.3% during 2025-2031. One of the key drivers of the India Automotive Gearbox Market is the increase in the demand for fuel-efficient vehicles which has led to adoption of advanced gear box technologies that offer better vehicle performance and reduced fuel consumption. In addition, the growing disposable income levels and urbanization are leading to higher vehicle ownerships which in turn is boosting the market growth. Furthermore, strict government norms on emissions are pushing vehicle manufacturers to adopt newer and efficient gearbox systems. Moreover, improvements in gearbox technology such as the creation of Automated Manual Transmissions (AMTs) and Continuously Variable Transmissions are driving higher vehicle performance and fuel efficiency which is increasing consumer adoption.
However, the India Automotive Gearbox Market faces many challenges that hinder its growth. The main issue is the increasing prices of raw materials that put pressure on manufacturers to deliver competitive pricing with constant quality. In addition, the market grapples with a fractured supply chain which causes inefficiency and slower production process. Furthermore, stringent environmental restrictions are forcing manufacturers to develop greener alternatives that usually require a large amount of investment and research. Moreover, the fast transition towards electric vehicles (EVs) confront traditional gearbox manufacturers with a considerable challenge to change their business models rapidly and adopt less known technologies.
Some of the major players operating in India Automotive Gearbox Market are Tata Motors, Mahindra & Mahindra, Maruti Suzuki India Ltd., Ashok Leyland, Renault Nissan Automotive India Pvt. Ltd. and Ford India Pvt. Ltd. These companies have a major presence in the Indian market and are investing heavily on R&D to bring forth innovative gearbox technologies that would meet various requirements of the local customers.
The Indian government has significantly influenced the growth of the Automotive Gearbox Market through strategic initiatives. One such initiative is the Automotive Mission Plan 2026 with the ambitious goal of positioning India as a preeminent leader in the worldwide auto industry by massively boosting production and considerably improving the quality of automotive components, including gearboxes. In addition, the FAME (Faster Adoption and Manufacturing of Hybrid and Electric Vehicles) India Scheme indirectly stimulates demand for cutting-edge gearbox technologies by advocating for the adoption of electric vehicles. Furthermore, the National Electric Mobility Mission Plan supports development of sustainable automotive technologies by incentivizing sizable R&D investments that notably enhance the performance and efficiency of gearboxes. Moreover, the Make in India campaign aims to transform India into a globally preeminent manufacturing hub by encouraging both domestic and international companies to locally produce automotive components on a large scale.
The India Automotive Gearbox Market is projected to expand substantially in the coming years. This growth is driven by the massive requirement of fuel-efficient vehicles. In addition, rising disposable incomes and urbanization are also likely to drive growth of the market. Leading manufacturers are investing in research and development for launching improved gearbox solutions. Moreover, advancements in gearbox technology are further boosting the market growth. Overall, the future of the India Automotive Gearbox Market looks promising, with many opportunities for growth and development.
According to Ravi Bhandari, Research Head, 6Wresearch, the manual transmission segment is the dominant segment in the industry and will continue to grow in the coming years. This growth is due to its substantial requirement in passenger cars and commercial vehicles on account of cost-effectiveness and reliability.
Based on Vehicle, the passenger car segment is the leading segment in the industry and will continue to grow in the coming years. This can be attributed to the growth of disposable income, changing lifestyle preferences & government initiatives towards domestic production of passenger vehicles.
In terms of Forward Gears, the 5 to 6 forward gears segment is the leading segment in the industry and will continue to grow in the coming years. This expansion is due to the extensive use of this gear configuration in both manual and automatic transmissions, as it strikes a balance between performance and fuel economy.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Automotive Gearbox Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Automotive Gearbox Market Revenues & Volume, 2021 & 2031F |
3.3 India Automotive Gearbox Market - Industry Life Cycle |
3.4 India Automotive Gearbox Market - Porter's Five Forces |
3.5 India Automotive Gearbox Market Revenues & Volume Share, By Transmission, 2021 & 2031F |
3.6 India Automotive Gearbox Market Revenues & Volume Share, By Vehicle, 2021 & 2031F |
3.7 India Automotive Gearbox Market Revenues & Volume Share, By Forward Gears, 2021 & 2031F |
4 India Automotive Gearbox Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 India Automotive Gearbox Market Trends |
6 India Automotive Gearbox Market, By Types |
6.1 India Automotive Gearbox Market, By Transmission |
6.1.1 Overview and Analysis |
6.1.2 India Automotive Gearbox Market Revenues & Volume, By Transmission, 2021-2031F |
6.1.3 India Automotive Gearbox Market Revenues & Volume, By Automatic transmission, 2021-2031F |
6.1.4 India Automotive Gearbox Market Revenues & Volume, By Manual transmission, 2021-2031F |
6.1.5 India Automotive Gearbox Market Revenues & Volume, By Dual clutch transmission, 2021-2031F |
6.1.6 India Automotive Gearbox Market Revenues & Volume, By Automated manual transmission, 2021-2031F |
6.1.7 India Automotive Gearbox Market Revenues & Volume, By Continuously variable transmission, 2021-2031F |
6.2 India Automotive Gearbox Market, By Vehicle |
6.2.1 Overview and Analysis |
6.2.2 India Automotive Gearbox Market Revenues & Volume, By Commercial Vehicles, 2021-2031F |
6.2.3 India Automotive Gearbox Market Revenues & Volume, By Passenger Cars, 2021-2031F |
6.3 India Automotive Gearbox Market, By Forward Gears |
6.3.1 Overview and Analysis |
6.3.2 India Automotive Gearbox Market Revenues & Volume, By above 10, 2021-2031F |
6.3.3 India Automotive Gearbox Market Revenues & Volume, By 9 â?? 10, 2021-2031F |
6.3.4 India Automotive Gearbox Market Revenues & Volume, By 7 â?? 8, 2021-2031F |
6.3.5 India Automotive Gearbox Market Revenues & Volume, By 5 â?? 6, 2021-2031F |
6.3.6 India Automotive Gearbox Market Revenues & Volume, By less than 5, 2021-2031F |
7 India Automotive Gearbox Market Import-Export Trade Statistics |
7.1 India Automotive Gearbox Market Export to Major Countries |
7.2 India Automotive Gearbox Market Imports from Major Countries |
8 India Automotive Gearbox Market Key Performance Indicators |
9 India Automotive Gearbox Market - Opportunity Assessment |
9.1 India Automotive Gearbox Market Opportunity Assessment, By Transmission, 2021 & 2031F |
9.2 India Automotive Gearbox Market Opportunity Assessment, By Vehicle, 2021 & 2031F |
9.3 India Automotive Gearbox Market Opportunity Assessment, By Forward Gears, 2021 & 2031F |
10 India Automotive Gearbox Market - Competitive Landscape |
10.1 India Automotive Gearbox Market Revenue Share, By Companies, 2024 |
10.2 India Automotive Gearbox Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |