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The Economic Times

Opinion / The Economic Times

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Automatic for the people: Rising incomes reshape India's car market

As incomes rise and family earnings change, India's automotive market is poised for a notable shift. In the coming decade, middle-income households are expected to be the primary drivers of new car demand, while affluent consumers will foster trends in premium vehicles and multi-car ownership. The uptake of electric vehicles will hinge on income growth, necessitating that manufacturers adapt to this revamped, income-focused automotive landscape.

3 Aug 2026 11:31 pm