by: Shushmul Maheshwari
De-licensing in 1991 put the Indian automobile industry on a new growth
trajectory, which attracted foreign auto giants to set up their production
facilities in the country to take advantage of various benefits it offers. Large
middle class population, growing earning power and strong technological
capability have been boosting automobile demand for past few years. Despite
economic slowdown, the Indian automobile sector is expected to see high growth
in coming years, especially in passenger cars segment, said our new research
report, "Indian Automobile Sector Analysis”.
The passenger vehicle market, which constitutes around 80% of automobile sales,
has immense growth potential as passenger car stock stood at around 11 per 1,000
people in 2008. Anticipating the future market potential, the production of
passenger vehicle is forecasted to grow at a CAGR of around 11% from 2009-10 to
2012-13.
The recent launch of Tata Nano has brought about a new revolution in the
country’s small car segment. Seeing the good initial response from consumers,
many other players in the industry are chalking out their plans to launch cars
in this segment in the next few years. Our research foresees a CAGR growth of
around 12% in domestic volume sales of passenger vehicles during the forecast
period. Other segments, such as two-wheelers, multi-purpose vehicle and light
commercial vehicle, are also expected to witness fast growth in coming years.
The report covers various aspects of the Indian automobile market and gives
detailed analysis of its various segments such as passenger vehicle, commercial
vehicle, utility vehicles, multi-purpose, two wheelers and three wheelers. Each
section succinctly explains the current and future market trends, and
developments in the Indian automobile market. There are immense opportunities
for various industry players including automobile manufacturers and players of
automobile components.
Besides, we have also comprehensively analyzed the auto component industry and
its future outlook. The study has evaluated growth avenues available for the
automobile market, which include automotive design market, non-conventional
vehicle market, domestic tyre industry, India as global manufacturing hub, green
car market etc.
For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM200.htm
Check DISCOUNTED REPORTS on: http://www.rncos.com
About The Author
About RNCOS:
RNCOS, incorporated in the year 2002, is an industry research firm. We are a
team of industry experts who analyze data collected from credible sources. We
provide industry insights and analysis that helps corporations to take timely
and accurate business decision in today's globally competitive environment.
Source :
http://www.articlecity.com/articles/business_and_finance/article_11525.shtml
Tags:
Indian
Automobile -
Indian Automobile Sector |
