Research Report Predicts Growth of Automotive Lighting Segment

A recent report from Intense Research states that the India automotive lighting market has witnessed significant growth in the recent past, owing to increased automotive sales and economic growth. In addition, the market is driven by increasing population and concerns about vehicle safety triggered by government regulations.

  In the recent past, India has emerged as one of the fastest growing markets for passenger vehicles, and it is expected that this growth momentum would continue owing to the economy’s growth prospects. Though the urban area dominated the sales of two wheelers, the rural area is expected to show increasing trend due to replacement demand – and the rising per capita income of the populace.
  Among other vehicles, the sale of tractors is projected to rise owing to infrastructure development and increased mechanization of agricultural activities. This has boosted the demand for automotive lighting for both OEM and aftermarket products in India.

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