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Lighting is the second most expensive electrical component in a vehicle after HVAC, followed by ancillaries like motors, alternators, and regulators.
The Indian passenger car market, valued at ~$300-$330 Billion annually is characterized by lower transaction prices ($11,000) as compared to $22,000 in China and $34,000 in US. The reason behind lower transaction price is high volume of low-cost cars (<$7,000), measuring <3.6m in length, powered by a <1.2L gasoline motor and very basic comfort features.
The Indian passenger car market is extremely price sensitive and the consumers put strong emphasis on fuel economy and price of a vehicle above everything else in their buying decisions. Lighting technology of a vehicle does not even feature in the top 5 perquisites of an Indian car buyer and thus there has been very little shift in technology as compared to other markets.
India automotive lighting market is still dominated by Halogen, HIDs(xenon) presence was always limited to premium segment and is now being quickly replaced with LEDs. When talking about the headlamps design. The headlamps of most cars are now more swept back to the bonnet, increasing the glass area by 20-30% as compared to pre 2010 era cars.
LED has just started to gain ground, predominantly in signalling (Rear, indicators, high mount stop lamp and DRLs),as we have detailed in our Automotive LED lighting market in India report.
As of Oct 2019, LEDs have gained >40%+ penetration in tail lamps in India but in headlamps they account for less than 20% share.
Among the biggest trends in India automotive lighting market is the addition of DRLs(Day time running lamps) with halogen projector lights in frontal lighting. Tata Harrier, Hyundai Creta, Mahindra XUV 300 are among the few popular examples.
The market leader in India, Maruti Suzuki with >50% market share is predominantly using halogens for frontal and an even mix of LEDs and halogen for rear lighting.
The market size of India automotive lighting market is estimated at $XX Billion in 2024 growing at –% CAGR till 2030.
The India automotive lighting market is consolidated and a a few players comprise more than 75% market share. Lumax , Minda, Fiem Industries and India Japan Lighting(Lucas TVS) are among the market leaders in India automotive lighting market.
Most of the automotive lighting manufacturers in India are foreign manufacturers who have setup partially or wholly owned subsidiary to cater to local demand.
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