A sneak peek at the Indian automobile sector. Key performance indicators, market share of various players and expected future growth.
Ideal for applicants applying for jobs in the said sector.
The document provides an overview of the automobiles sector in India. Some key points:
- India's automobile production is expected to nearly triple from 3.4 million units in FY16 to 10 million units by FY20, driven by strong growth in the passenger vehicle segment.
- Domestic automobile sales are forecast to increase at a CAGR of 12.87% for passenger vehicles and 11.07% for commercial vehicles from 2016-2026.
- Two-wheeler production is projected to rise from 18.8 million units in FY16 to 34 million units by FY20, with domestic two-wheeler sales growing at a CAGR of 11.9% between 2016-
The document provides an executive summary and overview of the automobiles sector in India. Some key points:
- India's automobile market is expected to nearly triple in size by 2020, growing from 3.4 million passenger vehicles produced annually in 2016 to 10 million by 2020.
- Domestic sales of passenger vehicles, commercial vehicles, three-wheelers and two-wheelers are all projected to have strong growth through 2026, with two-wheeler sales expected to increase from 16.46 million in 2016 to over 50 million by 2026.
- Total automobile production in India has increased at a 9.4% CAGR from 2006 to 2016, with passenger vehicles growing the fastest at a 10.09%
The document provides an overview of the automotive industry in India. Some key points:
- India's automotive market is expected to nearly triple in size by 2020 to 10 million passenger vehicles per year from 3.4 million currently.
- Domestic automotive sales are forecasted to grow significantly across all segments through 2026, with two-wheeler sales projected to increase the most.
- Exports of automobiles from India have increased at a compound annual growth rate of 16.23% between 2006-2016, led by strong growth in two-wheeler exports.
- The automotive industry in India is dominated by two-wheelers which accounted for 78.6% of total production in 2016.
This document provides an overview of the automobiles industry in India. It discusses key trends such as growing production and demand across segments like passenger vehicles, commercial vehicles, three-wheelers, and two-wheelers. Production of automobiles has increased at a CAGR of 9.4% between FY06-16, with passenger vehicles growing the fastest at a CAGR of 10.09%. Domestic sales are also expected to increase significantly across segments by 2026. The industry has witnessed strong growth in revenues and exports in recent years.
The document provides an overview of the automobiles sector in India. Some key points:
- India's automobile industry is one of the largest in the world and is expected to become the third largest by 2020. Production of passenger vehicles and two-wheelers is projected to nearly triple and double respectively by 2020.
- Two-wheelers dominate production volumes, accounting for over 78% of total automotive production in FY16. The sector has grown at a CAGR of 9.4% between FY06-16.
- Exports of automobiles have increased at a CAGR of 16.23% between FY06-16, with two-wheelers experiencing the fastest growth. India
Despite short-term headwinds, 3W industry is expected to grow at a moderate volume CAGR of single digit figure over the next five years. The domestic 3W passenger segment will be benefitted from product up-gradation (2-stroke to 4-stroke, Petrol/Diesel to LPG/CNG) and opening of fresh permits by the state governments. Piaggio has also entered urban 3W space with the launch of their APE City model which run on cleaner fuel like LPG/CNG. The domestic 3W goods segment continues to benefit from its favorable operating economics despite stiff competition from 4W Small Commercial Vehicles (SCVs). Lastly, 3W exports are expected to remain robust due to rapid economic growth, rising disposable incomes, evolving travel & consumption patterns, improving road infrastructure, increasing demand for motorized transportation and inadequate public transport systems in target emerging markets like African, Latin American & South Asian countries. TVS has been making steady inroads in this segment with a exponential growth in the last financial year. Overall, the long-term sales growth is expected to be the highest in the exports segment, followed by that in the passenger carrier segment and the lowest in the goods carrier segment (due to intense competition from the SCV segment).
Apart from the domestic demand, India has also emerged as a major export hub for 3Ws with presence in some of the South Asian, African and Latin American markets that are replicating Indian 3W story with rising disposable incomes but inadequate public transport systems. Overall, the 3W industry has witnessed relatively healthy CAGR volume
growth driven by moderate domestic growth and robust exports growth. However, four-wheeled Small Commercial Vehicles (mainly Tata ACE in 2005-06) has altered the industry dynamics – especially for the cargo segment, considerably over the last few years. While high tonnage (0.75T and above) 3W cargo segment has already lost out to 4W SCVs that provide higher stability, safety, speed, space and style; SCVs are gaining popularity even in the lower tonnage (0.5T) Cargo and Passenger segments with introduction of some of the recently introduced smaller vehicles by CV OEMs. New segments & sub segments are emerging within SCVs with the success of Ashok Leyland Dost in the higher tonnage SCVs segment(Pickup trucks). While domestic 3W goods segment has degrown, SCVs have reported robust CAGR growth over the last few years. Besides, slowing economic growth, high inflation, increase in financing costs, rising fuel prices, absence of fresh permits by the state governments and overall high base has impacted domestic 3W passenger sales in FY13.
India has emerged as the largest three-wheeler market globally with annual production reaching 920,000 units in 2015. Over the past decade, the three-wheeler industry grew at a compound annual rate of 8.9% with domestic demand growing at 4.4% and exports growing much faster at 20.4%. As a result, exports now make up 43% of total three-wheeler production in India, up from 18% in 2006. While India remains the top producer and exporter of three-wheelers, challenges from four-wheeled vehicles and government concerns over safety and fuel usage have threatened the industry's sustainability.
The document provides an overview of the automotive industry in India. Some key points:
- Automobile production in India is expected to significantly increase between 2017-2020, with passenger vehicle production projected to nearly triple and two-wheeler production to rise from 19.9 million to 34 million.
- Domestic sales of various automotive segments are also projected see strong growth rates between 2017-2026, with passenger vehicles expected to grow at a CAGR of 13.36% and two-wheelers at 8.9%.
- India has grown to become a major global automotive producer, becoming the world's 6th largest manufacturer and Asia's 2nd largest two-wheeler manufacturer.
The document provides an overview of the automobiles sector in India. Some key points:
- India's automobile production is expected to nearly triple from 3.4 million units in FY16 to 10 million units by FY20, driven by strong growth in the passenger vehicle segment.
- Domestic automobile sales are forecast to increase at a CAGR of 12.87% for passenger vehicles and 11.07% for commercial vehicles from 2016-2026.
- Two-wheeler production is projected to rise from 18.8 million units in FY16 to 34 million units by FY20, with domestic two-wheeler sales growing at a CAGR of 11.9% between 2016-
The document provides an executive summary and overview of the automobiles sector in India. Some key points:
- India's automobile market is expected to nearly triple in size by 2020, growing from 3.4 million passenger vehicles produced annually in 2016 to 10 million by 2020.
- Domestic sales of passenger vehicles, commercial vehicles, three-wheelers and two-wheelers are all projected to have strong growth through 2026, with two-wheeler sales expected to increase from 16.46 million in 2016 to over 50 million by 2026.
- Total automobile production in India has increased at a 9.4% CAGR from 2006 to 2016, with passenger vehicles growing the fastest at a 10.09%
The document provides an overview of the automotive industry in India. Some key points:
- India's automotive market is expected to nearly triple in size by 2020 to 10 million passenger vehicles per year from 3.4 million currently.
- Domestic automotive sales are forecasted to grow significantly across all segments through 2026, with two-wheeler sales projected to increase the most.
- Exports of automobiles from India have increased at a compound annual growth rate of 16.23% between 2006-2016, led by strong growth in two-wheeler exports.
- The automotive industry in India is dominated by two-wheelers which accounted for 78.6% of total production in 2016.
This document provides an overview of the automobiles industry in India. It discusses key trends such as growing production and demand across segments like passenger vehicles, commercial vehicles, three-wheelers, and two-wheelers. Production of automobiles has increased at a CAGR of 9.4% between FY06-16, with passenger vehicles growing the fastest at a CAGR of 10.09%. Domestic sales are also expected to increase significantly across segments by 2026. The industry has witnessed strong growth in revenues and exports in recent years.
The document provides an overview of the automobiles sector in India. Some key points:
- India's automobile industry is one of the largest in the world and is expected to become the third largest by 2020. Production of passenger vehicles and two-wheelers is projected to nearly triple and double respectively by 2020.
- Two-wheelers dominate production volumes, accounting for over 78% of total automotive production in FY16. The sector has grown at a CAGR of 9.4% between FY06-16.
- Exports of automobiles have increased at a CAGR of 16.23% between FY06-16, with two-wheelers experiencing the fastest growth. India
Despite short-term headwinds, 3W industry is expected to grow at a moderate volume CAGR of single digit figure over the next five years. The domestic 3W passenger segment will be benefitted from product up-gradation (2-stroke to 4-stroke, Petrol/Diesel to LPG/CNG) and opening of fresh permits by the state governments. Piaggio has also entered urban 3W space with the launch of their APE City model which run on cleaner fuel like LPG/CNG. The domestic 3W goods segment continues to benefit from its favorable operating economics despite stiff competition from 4W Small Commercial Vehicles (SCVs). Lastly, 3W exports are expected to remain robust due to rapid economic growth, rising disposable incomes, evolving travel & consumption patterns, improving road infrastructure, increasing demand for motorized transportation and inadequate public transport systems in target emerging markets like African, Latin American & South Asian countries. TVS has been making steady inroads in this segment with a exponential growth in the last financial year. Overall, the long-term sales growth is expected to be the highest in the exports segment, followed by that in the passenger carrier segment and the lowest in the goods carrier segment (due to intense competition from the SCV segment).
Apart from the domestic demand, India has also emerged as a major export hub for 3Ws with presence in some of the South Asian, African and Latin American markets that are replicating Indian 3W story with rising disposable incomes but inadequate public transport systems. Overall, the 3W industry has witnessed relatively healthy CAGR volume
growth driven by moderate domestic growth and robust exports growth. However, four-wheeled Small Commercial Vehicles (mainly Tata ACE in 2005-06) has altered the industry dynamics – especially for the cargo segment, considerably over the last few years. While high tonnage (0.75T and above) 3W cargo segment has already lost out to 4W SCVs that provide higher stability, safety, speed, space and style; SCVs are gaining popularity even in the lower tonnage (0.5T) Cargo and Passenger segments with introduction of some of the recently introduced smaller vehicles by CV OEMs. New segments & sub segments are emerging within SCVs with the success of Ashok Leyland Dost in the higher tonnage SCVs segment(Pickup trucks). While domestic 3W goods segment has degrown, SCVs have reported robust CAGR growth over the last few years. Besides, slowing economic growth, high inflation, increase in financing costs, rising fuel prices, absence of fresh permits by the state governments and overall high base has impacted domestic 3W passenger sales in FY13.
India has emerged as the largest three-wheeler market globally with annual production reaching 920,000 units in 2015. Over the past decade, the three-wheeler industry grew at a compound annual rate of 8.9% with domestic demand growing at 4.4% and exports growing much faster at 20.4%. As a result, exports now make up 43% of total three-wheeler production in India, up from 18% in 2006. While India remains the top producer and exporter of three-wheelers, challenges from four-wheeled vehicles and government concerns over safety and fuel usage have threatened the industry's sustainability.
The document provides an overview of the automotive industry in India. Some key points:
- Automobile production in India is expected to significantly increase between 2017-2020, with passenger vehicle production projected to nearly triple and two-wheeler production to rise from 19.9 million to 34 million.
- Domestic sales of various automotive segments are also projected see strong growth rates between 2017-2026, with passenger vehicles expected to grow at a CAGR of 13.36% and two-wheelers at 8.9%.
- India has grown to become a major global automotive producer, becoming the world's 6th largest manufacturer and Asia's 2nd largest two-wheeler manufacturer.
The document provides an overview of the automobiles industry in India. Some key points:
- India's automobile production is expected to nearly triple from 3.4 million vehicles in FY2016 to 10 million by FY2020. Two-wheeler production is projected to increase from 18.8 million to 34 million during the same period.
- Domestic sales of passenger vehicles, commercial vehicles, and two-wheelers are all expected to experience strong growth between 2016-2026, with CAGRs ranging from 11-13%.
- The automotive industry in India has grown significantly over the past decade and is now the fourth largest automotive market in the world.
The document provides an overview of the automobiles sector in India. Some key points:
- India has the 3rd largest automobile industry globally with over 25 million vehicles produced annually.
- Two-wheelers dominate domestic demand with a 80% market share. Passenger vehicles account for 15% of production.
- The sector is growing with domestic sales of passenger vehicles expected to increase at 12.87% annually until 2026.
- Major players like Nissan, Mercedes-Benz, and Toyota are significantly increasing investments to expand production capacity.
The document provides an overview of the automobiles sector in India. Some key points:
- India is the 4th largest automotive market and 7th largest manufacturer of commercial vehicles. The market is segmented with two-wheelers and passenger vehicles dominating domestic demand.
- The sector has seen positive growth in recent years with sales increasing nearly 10% in 2017. Exports have also grown steadily.
- Major players have a presence across various vehicle segments. Government support and initiatives like the Automotive Mission Plan aim to further develop the industry.
- Emerging trends include growth in luxury vehicles, customization for the Indian market, and new financing options. Electric vehicles and capacity expansion are key strategic focuses
The document provides an overview of the automobiles sector in India. Some key points:
1) India is the 4th largest automotive market and 7th largest manufacturer of commercial vehicles. The market is segmented into four-wheelers, three-wheelers, two-wheelers and passenger vehicles.
2) Domestic sales have grown at a CAGR of 7.01% between FY13-18 reaching 24.97 million vehicles sold in FY18. Two-wheelers and passenger vehicles dominate the domestic market.
3) Exports have increased at a CAGR of 6.86% between FY13-18 reaching 4.04 million vehicles exported in FY18, led
The document provides an overview of the automobiles sector in India. Some key points:
- India is the 4th largest automotive market globally and had sales of over 24 million vehicles in FY2018.
- The market is segmented with two-wheelers dominating domestic demand at 81% of sales.
- Production and sales have grown at a CAGR of over 7% in recent years and the sector is expected to reach $251-283 billion by 2026.
- Major players like Maruti Suzuki, Hero MotoCorp, and Ashok Leyland lead their respective segments.
The document provides an overview of the automobiles sector in India. Some key points:
- India is the 4th largest automotive market and 7th largest manufacturer of commercial vehicles. The market is segmented into four categories - two-wheelers, passenger vehicles, commercial vehicles, and three-wheelers.
- Two-wheelers dominate domestic demand with an 81% market share in FY18. Automobile production and sales have grown at a CAGR of over 7% between FY13-18.
- The sector is seeing positive growth prospects driven by rising incomes, a young population, strong policy support, and increasing exports and investments. The industry size is expected to reach $251-283 billion
The document provides an overview of the automobiles industry in India. It discusses that India has the 3rd largest automobile industry globally. The industry is segmented into four main segments - two-wheelers, passenger vehicles, commercial vehicles, and three-wheelers. Two-wheelers account for around 80% of domestic demand. The industry has seen positive growth in recent years and has strong growth prospects driven by rising incomes and government support. However, it also faces competition from new entrants.
The automobile sector in India is the fourth largest market globally and is split into four segments. Two-wheelers and passenger vehicles dominate domestic demand. Some key growth drivers for the sector include rising incomes, a large young population, greater financing availability, and government support through initiatives like the Automotive Mission Plan. The industry is expected to reach $251-283 billion by 2026. Electric vehicles and new models from companies are shaping recent trends, while strategies like capacity expansion, customization for India, and new financing options are being adopted.
The auto components industry in India has grown significantly over the last decade, with revenues increasing from $26.5 billion in FY08 to $43.5 billion in FY17. Exports have also increased steadily, growing from $5.1 billion to $10.9 billion over the same period. The industry is expected to reach revenues of $100 billion by 2020 and $200 billion by 2026, backed by strong export growth. Major global automakers are sourcing more components from India and establishing it as a global hub for auto component manufacturing. Investments in R&D and new technologies around electric vehicles are positioning the industry for continued growth.
The document provides an overview of the automobiles sector in India. Some key points:
1) India is the 4th largest automotive market globally and 7th largest manufacturer of commercial vehicles. The sector is split into four segments - two-wheelers, passenger vehicles, commercial vehicles, and three-wheelers.
2) Two-wheelers dominate domestic demand with an 81% market share in FY2018. Automobile production and sales have grown at a CAGR of over 7% between FY2013-2018.
3) The sector provides opportunities for growth given rising incomes, a large domestic market, government support, and plans to increase exports five-fold by 2026.
The document provides an overview of the automobiles sector in India. Some key points:
1) India has the 4th largest automotive industry globally and is a major manufacturer of commercial and passenger vehicles as well as two and three-wheelers.
2) The market is dominated by two-wheelers which account for over 80% of domestic demand. Leading companies include Maruti Suzuki, Hero MotoCorp, and Ashok Leyland.
3) The sector has grown at a CAGR of over 7% in recent years and exports have increased at a CAGR of 6.86% between FY13-18. The government aims to further develop the sector through its Automotive Mission
The document provides an overview of the automotive components industry in India. Some key points:
- The industry has grown at a CAGR of 6.83% over the last decade to reach $51.2 billion in turnover in 2017-18, with exports growing at an 11.42% CAGR to $13.5 billion.
- The industry is expected to reach $100 billion in turnover by 2020 and $200 billion by 2026, with exports projected to reach $80-100 billion by 2026.
- Major global automakers are increasingly sourcing more components from India, establishing it as a global hub, and several tier-1 suppliers are also increasing local procurement.
The document provides an overview of the automobiles sector in India. Some key points:
1) India is the 4th largest automotive market globally and had sales of over 4 million vehicles in 2017 excluding two-wheelers. Domestic sales and production have been growing at a CAGR of over 7% in recent years.
2) Two-wheelers dominate the domestic market with an 81% share while passenger vehicles account for 13% of sales. Exports have also been growing with automobiles exports increasing over 20% in 2018.
3) The sector is split across commercial vehicles, passenger vehicles, three-wheelers and two-wheelers segments with leading domestic and international players in each. The government
The document provides an overview of the automobiles sector in India. Some key points:
1) India has the third largest automobile industry globally and is a major manufacturer of commercial and passenger vehicles as well as two and three-wheelers.
2) The market is dominated by two-wheelers which account for around 80% of domestic demand. Passenger vehicles and commercial vehicles are also large segments.
3) The sector has seen positive growth in recent years driven by rising incomes, a young population, and government initiatives and policies supporting the industry. Exports have also increased significantly.
4) Going forward, opportunities exist in developing new models, electric vehicles, and for India to become a global R
The auto components industry in India has grown at a CAGR of 6.83% over the last decade to reach US$ 51.20 billion in 2017-18. Exports have grown at 11.42% to US$ 13.5 billion. India is emerging as a global sourcing hub for auto components, and major OEMs are increasing local sourcing. The industry is expected to reach US$ 100 billion by 2020, driven by strong domestic demand and exports estimated at US$ 80-100 billion by 2026. Key growth drivers include India's cost competitiveness, skilled workforce, and initiatives to boost the automotive industry like the Automotive Mission Plan.
The document summarizes the auto components industry in India. Some key points:
- The industry has grown at a 14% CAGR over the last decade to $43.5 billion in 2016-17, with exports growing at a 14% CAGR to $10.9 billion.
- The industry is expected to reach $100 billion by 2020 and exports are expected to reach $80-100 billion by 2026.
- Major global automakers are sourcing more from India and seeing it as a hub for components, helping indigenization. Indian companies are also exporting more and collaborating globally.
- The industry accounts for 7% of India's GDP and employs 19 million people.
The document provides an overview of the automobiles sector in India. Some key points:
1) India has emerged as the 4th largest automotive market globally with annual sales of over 4 million units in 2017. The market is dominated by two-wheelers and passenger vehicles.
2) Domestic production and sales have been growing at a CAGR of over 7% in recent years, reaching 29 million units and 25 million units respectively in FY2018.
3) Exports have also increased steadily, reaching over 4 million units in FY2018, with two-wheelers making up the majority.
The industry has seen strong growth due to rising incomes, a large domestic market, and
Africa two wheelers market analysis by countries(nigeria, kenya, ethiopia, eg...Steve Blade
According to Goldstein Research, “Africa Two Wheelers Market is anticipated to expand at a compound annual growth rate of 9.1% over the forecast period i.e. 2016-2024.Based on geography, Kenya motorcycle market represents vast opportunity for the growth in the country. As per statistics by the Kenya National Bureau of Statistics (KNBS) 126,822 motorcycles were imported in the first half of 20147, up from 70,770 units imported in the same period last year.
The document provides an overview of the automotive components industry in India. Some key points:
- The industry has grown at a CAGR of 6.83% over the last decade and reached $51.2 billion in 2017-18. Exports have grown at 11.42% CAGR to $13.5 billion.
- Major segments include engine parts, drive transmission/steering parts, body/chassis parts, and electrical parts. Leading players operate across these segments.
- Global OEMs are sourcing more from India, and local firms are improving R&D/product development to better meet this demand. Electric vehicles also provide opportunities.
- The industry aims to reach $
The automotive industry in India has grown significantly over the past decade and is projected to continue strong growth. Two-wheeler sales are expected to rise from 15.9 million units in 2013 to 29.1 million by 2020 with an overall CAGR of 9%. Passenger vehicle sales are projected to increase from 3.2 million units in 2013 to 9 million by 2020, a CAGR of 16%. The industry is supported by strong domestic demand, rising incomes, favorable policies, and investment. India has the potential to become a global automotive manufacturing hub.
The document provides an overview of the automobile industry in India. Some key points:
- The automobile industry in India has grown significantly over the past decade and is expected to continue growing rapidly, nearly tripling passenger vehicle production by 2020.
- Two-wheelers dominate production volumes in India, accounting for over 78% of total production in FY2016. Passenger vehicles and commercial vehicles also have sizable shares.
- Both production and exports of automobiles from India have increased substantially in recent years across all major segments. The two-wheeler segment in particular has seen strong export growth.
- Domestic automobile sales also recovered in FY2016 after declining in FY2014, with passenger vehicles, commercial vehicles,
The document provides an overview of the automobiles industry in India. Some key points:
- India's automobile production is expected to nearly triple from 3.4 million vehicles in FY2016 to 10 million by FY2020. Two-wheeler production is projected to increase from 18.8 million to 34 million during the same period.
- Domestic sales of passenger vehicles, commercial vehicles, and two-wheelers are all expected to experience strong growth between 2016-2026, with CAGRs ranging from 11-13%.
- The automotive industry in India has grown significantly over the past decade and is now the fourth largest automotive market in the world.
The document provides an overview of the automobiles sector in India. Some key points:
- India has the 3rd largest automobile industry globally with over 25 million vehicles produced annually.
- Two-wheelers dominate domestic demand with a 80% market share. Passenger vehicles account for 15% of production.
- The sector is growing with domestic sales of passenger vehicles expected to increase at 12.87% annually until 2026.
- Major players like Nissan, Mercedes-Benz, and Toyota are significantly increasing investments to expand production capacity.
The document provides an overview of the automobiles sector in India. Some key points:
- India is the 4th largest automotive market and 7th largest manufacturer of commercial vehicles. The market is segmented with two-wheelers and passenger vehicles dominating domestic demand.
- The sector has seen positive growth in recent years with sales increasing nearly 10% in 2017. Exports have also grown steadily.
- Major players have a presence across various vehicle segments. Government support and initiatives like the Automotive Mission Plan aim to further develop the industry.
- Emerging trends include growth in luxury vehicles, customization for the Indian market, and new financing options. Electric vehicles and capacity expansion are key strategic focuses
The document provides an overview of the automobiles sector in India. Some key points:
1) India is the 4th largest automotive market and 7th largest manufacturer of commercial vehicles. The market is segmented into four-wheelers, three-wheelers, two-wheelers and passenger vehicles.
2) Domestic sales have grown at a CAGR of 7.01% between FY13-18 reaching 24.97 million vehicles sold in FY18. Two-wheelers and passenger vehicles dominate the domestic market.
3) Exports have increased at a CAGR of 6.86% between FY13-18 reaching 4.04 million vehicles exported in FY18, led
The document provides an overview of the automobiles sector in India. Some key points:
- India is the 4th largest automotive market globally and had sales of over 24 million vehicles in FY2018.
- The market is segmented with two-wheelers dominating domestic demand at 81% of sales.
- Production and sales have grown at a CAGR of over 7% in recent years and the sector is expected to reach $251-283 billion by 2026.
- Major players like Maruti Suzuki, Hero MotoCorp, and Ashok Leyland lead their respective segments.
The document provides an overview of the automobiles sector in India. Some key points:
- India is the 4th largest automotive market and 7th largest manufacturer of commercial vehicles. The market is segmented into four categories - two-wheelers, passenger vehicles, commercial vehicles, and three-wheelers.
- Two-wheelers dominate domestic demand with an 81% market share in FY18. Automobile production and sales have grown at a CAGR of over 7% between FY13-18.
- The sector is seeing positive growth prospects driven by rising incomes, a young population, strong policy support, and increasing exports and investments. The industry size is expected to reach $251-283 billion
The document provides an overview of the automobiles industry in India. It discusses that India has the 3rd largest automobile industry globally. The industry is segmented into four main segments - two-wheelers, passenger vehicles, commercial vehicles, and three-wheelers. Two-wheelers account for around 80% of domestic demand. The industry has seen positive growth in recent years and has strong growth prospects driven by rising incomes and government support. However, it also faces competition from new entrants.
The automobile sector in India is the fourth largest market globally and is split into four segments. Two-wheelers and passenger vehicles dominate domestic demand. Some key growth drivers for the sector include rising incomes, a large young population, greater financing availability, and government support through initiatives like the Automotive Mission Plan. The industry is expected to reach $251-283 billion by 2026. Electric vehicles and new models from companies are shaping recent trends, while strategies like capacity expansion, customization for India, and new financing options are being adopted.
The auto components industry in India has grown significantly over the last decade, with revenues increasing from $26.5 billion in FY08 to $43.5 billion in FY17. Exports have also increased steadily, growing from $5.1 billion to $10.9 billion over the same period. The industry is expected to reach revenues of $100 billion by 2020 and $200 billion by 2026, backed by strong export growth. Major global automakers are sourcing more components from India and establishing it as a global hub for auto component manufacturing. Investments in R&D and new technologies around electric vehicles are positioning the industry for continued growth.
The document provides an overview of the automobiles sector in India. Some key points:
1) India is the 4th largest automotive market globally and 7th largest manufacturer of commercial vehicles. The sector is split into four segments - two-wheelers, passenger vehicles, commercial vehicles, and three-wheelers.
2) Two-wheelers dominate domestic demand with an 81% market share in FY2018. Automobile production and sales have grown at a CAGR of over 7% between FY2013-2018.
3) The sector provides opportunities for growth given rising incomes, a large domestic market, government support, and plans to increase exports five-fold by 2026.
The document provides an overview of the automobiles sector in India. Some key points:
1) India has the 4th largest automotive industry globally and is a major manufacturer of commercial and passenger vehicles as well as two and three-wheelers.
2) The market is dominated by two-wheelers which account for over 80% of domestic demand. Leading companies include Maruti Suzuki, Hero MotoCorp, and Ashok Leyland.
3) The sector has grown at a CAGR of over 7% in recent years and exports have increased at a CAGR of 6.86% between FY13-18. The government aims to further develop the sector through its Automotive Mission
The document provides an overview of the automotive components industry in India. Some key points:
- The industry has grown at a CAGR of 6.83% over the last decade to reach $51.2 billion in turnover in 2017-18, with exports growing at an 11.42% CAGR to $13.5 billion.
- The industry is expected to reach $100 billion in turnover by 2020 and $200 billion by 2026, with exports projected to reach $80-100 billion by 2026.
- Major global automakers are increasingly sourcing more components from India, establishing it as a global hub, and several tier-1 suppliers are also increasing local procurement.
The document provides an overview of the automobiles sector in India. Some key points:
1) India is the 4th largest automotive market globally and had sales of over 4 million vehicles in 2017 excluding two-wheelers. Domestic sales and production have been growing at a CAGR of over 7% in recent years.
2) Two-wheelers dominate the domestic market with an 81% share while passenger vehicles account for 13% of sales. Exports have also been growing with automobiles exports increasing over 20% in 2018.
3) The sector is split across commercial vehicles, passenger vehicles, three-wheelers and two-wheelers segments with leading domestic and international players in each. The government
The document provides an overview of the automobiles sector in India. Some key points:
1) India has the third largest automobile industry globally and is a major manufacturer of commercial and passenger vehicles as well as two and three-wheelers.
2) The market is dominated by two-wheelers which account for around 80% of domestic demand. Passenger vehicles and commercial vehicles are also large segments.
3) The sector has seen positive growth in recent years driven by rising incomes, a young population, and government initiatives and policies supporting the industry. Exports have also increased significantly.
4) Going forward, opportunities exist in developing new models, electric vehicles, and for India to become a global R
The auto components industry in India has grown at a CAGR of 6.83% over the last decade to reach US$ 51.20 billion in 2017-18. Exports have grown at 11.42% to US$ 13.5 billion. India is emerging as a global sourcing hub for auto components, and major OEMs are increasing local sourcing. The industry is expected to reach US$ 100 billion by 2020, driven by strong domestic demand and exports estimated at US$ 80-100 billion by 2026. Key growth drivers include India's cost competitiveness, skilled workforce, and initiatives to boost the automotive industry like the Automotive Mission Plan.
The document summarizes the auto components industry in India. Some key points:
- The industry has grown at a 14% CAGR over the last decade to $43.5 billion in 2016-17, with exports growing at a 14% CAGR to $10.9 billion.
- The industry is expected to reach $100 billion by 2020 and exports are expected to reach $80-100 billion by 2026.
- Major global automakers are sourcing more from India and seeing it as a hub for components, helping indigenization. Indian companies are also exporting more and collaborating globally.
- The industry accounts for 7% of India's GDP and employs 19 million people.
The document provides an overview of the automobiles sector in India. Some key points:
1) India has emerged as the 4th largest automotive market globally with annual sales of over 4 million units in 2017. The market is dominated by two-wheelers and passenger vehicles.
2) Domestic production and sales have been growing at a CAGR of over 7% in recent years, reaching 29 million units and 25 million units respectively in FY2018.
3) Exports have also increased steadily, reaching over 4 million units in FY2018, with two-wheelers making up the majority.
The industry has seen strong growth due to rising incomes, a large domestic market, and
Africa two wheelers market analysis by countries(nigeria, kenya, ethiopia, eg...Steve Blade
According to Goldstein Research, “Africa Two Wheelers Market is anticipated to expand at a compound annual growth rate of 9.1% over the forecast period i.e. 2016-2024.Based on geography, Kenya motorcycle market represents vast opportunity for the growth in the country. As per statistics by the Kenya National Bureau of Statistics (KNBS) 126,822 motorcycles were imported in the first half of 20147, up from 70,770 units imported in the same period last year.
The document provides an overview of the automotive components industry in India. Some key points:
- The industry has grown at a CAGR of 6.83% over the last decade and reached $51.2 billion in 2017-18. Exports have grown at 11.42% CAGR to $13.5 billion.
- Major segments include engine parts, drive transmission/steering parts, body/chassis parts, and electrical parts. Leading players operate across these segments.
- Global OEMs are sourcing more from India, and local firms are improving R&D/product development to better meet this demand. Electric vehicles also provide opportunities.
- The industry aims to reach $
The automotive industry in India has grown significantly over the past decade and is projected to continue strong growth. Two-wheeler sales are expected to rise from 15.9 million units in 2013 to 29.1 million by 2020 with an overall CAGR of 9%. Passenger vehicle sales are projected to increase from 3.2 million units in 2013 to 9 million by 2020, a CAGR of 16%. The industry is supported by strong domestic demand, rising incomes, favorable policies, and investment. India has the potential to become a global automotive manufacturing hub.
The document provides an overview of the automobile industry in India. Some key points:
- The automobile industry in India has grown significantly over the past decade and is expected to continue growing rapidly, nearly tripling passenger vehicle production by 2020.
- Two-wheelers dominate production volumes in India, accounting for over 78% of total production in FY2016. Passenger vehicles and commercial vehicles also have sizable shares.
- Both production and exports of automobiles from India have increased substantially in recent years across all major segments. The two-wheeler segment in particular has seen strong export growth.
- Domestic automobile sales also recovered in FY2016 after declining in FY2014, with passenger vehicles, commercial vehicles,
The document provides an overview of the automobiles industry in India. Some key points:
- India's automobile market is expected to nearly triple in size from 3.4 million passenger vehicles produced in FY2016 to 10 million by FY2020.
- Domestic sales of passenger vehicles, commercial vehicles, and two-wheelers are projected to grow at a CAGR of 12.87%, 11.07%, and 11.9% respectively from 2016-2026.
- Two-wheelers dominate production volumes with a 78.59% market share in FY2016; passenger vehicles are the fastest growing segment.
Asia-Pacific countries have contributed to growth of the global automobile sector. Developing Asia Pacific region will contribute 62.2% of auto and auto components sector growth for the period 2015-19. The quantitative growth in this region is expected to reach 101mn units in 2017 at a CAGR of 5%. India is a significant contributor from this region with a potential to become the 4th largest automobile producer by 2020. Automobile sector contributes 7.1% to the Indian GDP and was more than 45% of manufacturing GDP in FY14. Karnataka is the 4th largest state in automotive production with output of USD 2.8 bn, contributing 8.5% to national sector output. The automotive industry provides employment to more than 55,000 workers in the state of Karnataka.
The Indian auto industry is the second largest manufacturer of two-wheelers in the world. It has the potential to become the third largest automobile market by 2030. Key drivers of growth include rising incomes, rapid urbanization, and increased spending on transportation. The industry is dominated by two-wheelers and is expected to continue growing over the next decade, led especially by the market for compact cars. However, factors like fuel prices, infrastructure issues, and changes in economic conditions could impact growth.
The automobile industry in India is growing rapidly and is projected to become the world's third largest by 2016. Production of two-wheelers, passenger vehicles, and commercial vehicles has increased significantly in recent years and is forecasted to continue rising. Exports of automobiles from India have also grown substantially, led by two-wheelers, though local sales growth has been slower in recent years. The Indian government has introduced several initiatives to promote the industry and make India a global manufacturing hub for automobiles.
The document provides an overview of the Indian tyre industry. Some key points:
- The Indian tyre industry had a turnover of Rs. 25,000 crores in 2009-2010, producing 13.5 lakh metric tons of tyres. The top 10 companies account for over 95% of production.
- Raw materials like natural rubber, butyl rubber, and nylon account for 63% of industry costs. India imports some raw materials due to insufficient domestic production.
- Growth in the automobile industry, driven by rising incomes, GDP growth, and infrastructure spending, is driving demand for tyres. Major automobile companies are expanding production.
- Leading tyre manufacturers include MRF,
The auto components industry in India has grown significantly over the last decade and is expected to continue growing strongly. Some key points:
- Revenues have increased from $26.5 billion in 2008 to $43.5 billion in 2017 with a CAGR of 5.7%. Exports have also grown steadily reaching $10.9 billion in 2017.
- The industry accounts for 7% of India's GDP and employs 19 million people. India is emerging as a global hub for auto component sourcing.
- Growth is expected to be driven by rising vehicle production in India, increased global sourcing from India, and policies supporting the industry. The industry aims to reach revenues of $200 billion by 20
Country Analysis India With Special Reference To The Automobile Sectoragarwalkhagesh
India has the potential to become the third largest automobile market by 2030 due to several factors. The Indian auto industry has experienced rapid growth in recent years, with automobile production increasing from 10.85 million vehicles in 2007-08 to 11.17 million in 2008-09. Two-wheelers dominate production and sales, making up over 80% of the market. The auto components sector is also a major industry in India, with a market size of $6.7 billion. Further growth of the Indian auto industry will be driven by rising incomes, urbanization, and demand for fuel-efficient vehicles. The industry faces challenges from inadequate infrastructure and high interest rates but opportunities exist in developing new affordable models and building export capability.
The automobile industry in India is the fourth largest in the world based on annual sales. It has experienced positive growth in recent years with sales increasing by 9.5% in 2017. The industry is segmented into four main categories - two-wheelers, passenger vehicles, commercial vehicles, and three-wheelers. Two-wheelers dominate the domestic market with an 81% share in 2017-18. The industry has benefited from strong domestic demand and exports. It is expected to reach $251-283 billion by 2026, driven by factors like growing incomes, financing availability, and government support for electric vehicles.
The document discusses trends in the Indian automotive and aftermarket industries. It provides an overview of the automotive market segmentation and key players. It then summarizes trends in the growing online automotive aftermarket, including the emergence of online marketplaces and platforms. The document also outlines new government regulations regarding vehicle safety and emissions standards. It concludes by noting India's goal of becoming a global hub for sourcing auto parts and the government initiatives taken to encourage growth in automotive components exports.
This document provides an overview of the automobile industry in India. It discusses the growth and evolution of the industry from the 1970s to present day. Key points include:
- India now has a large domestic automobile industry producing cars, commercial vehicles, two-wheelers and more.
- Growth has been driven by rising incomes, a young population, lower costs than other countries, and government support through policies.
- The industry is expected to continue growing significantly in the coming years, supported by India's demographic trends and expanding middle class.
The document provides an overview of the auto components industry in India. Some key points:
- The auto components industry in India has grown at a CAGR of 6.83% over the last decade to reach $51.2 billion in revenues in 2017-18.
- Exports of auto components have increased at an 11.42% CAGR to $13.5 billion in 2017-18, with Europe as the largest export market.
- Domestic sales to original equipment manufacturers contribute over 55% of industry revenues, followed by exports at 26% and the aftermarket at 18%.
- The industry employs over 3 million people directly and indirectly and accounts for 2.3% of India's GDP
The document provides an overview of the auto components industry in India. Some key points:
- The auto components industry in India has grown at a CAGR of 14% over the last decade to $39 billion in 2015-16. Exports have grown at a CAGR of 14% to $10.8 billion.
- The industry is expected to reach turnover of $100 billion by 2020 backed by strong exports of $80-100 billion by 2026. It accounts for 7% of India's GDP and employs 19 million people.
- India is emerging as a global sourcing hub for auto components. The auto components industry is projected to become the 3rd largest in the world by 2025.
The Indian automotive industry has grown significantly over the past decades. It is now the 4th largest market globally in terms of volume. Passenger vehicles account for the majority of the market, with over 3 million units sold annually between 2012-2017. Maruti Suzuki dominates the market, capturing over 70% share, followed by Hyundai. Key factors driving growth include rising incomes, lower financing costs, and improved infrastructure. However, challenges remain around developing infrastructure further, increasing cost competitiveness, and ensuring availability of raw materials and advanced technology to support continued expansion.
The auto components industry in India has grown significantly over the last decade, with revenues increasing from $26.5 billion to $43.5 billion from FY08 to FY17. Exports of auto components have also increased steadily, reaching $10.9 billion in FY17. India has emerged as a major hub for global auto component sourcing due to its large skilled workforce and lower costs compared to other countries. The industry is expected to further benefit from the growing domestic automobile market in India as well as opportunities in electric vehicles.
India Automobiles Sector Report April 2014iimjobs.com
For leading industry jobs, please visit www.iimjobs.com
India Automobiles Sector Report April 2014
India represents one of the world’s largest automobile industries. Easy availability of finance and rising income levels are encouraging the middle class population to upgrade their two wheelers to a car. Besides, the growing organised used car market has also been a positive growth factor in the used car market of the country. Driven by the above factors, the used cars market is anticipated to grow at a compound annual growth rate (CAGR) of 16 per cent during 2013–17, highlighted the RNCOS report titled, ‘Booming Used Car Market in India Outlook 2017’.
India is quietly becoming a production hub of high-end vehicles meant for export to China. The US-based motorbike maker Harley Davidson, Austrian motorcycle manufacturer KTM and Mahindra & Mahindra have also preferred to set up manufacturing facilities in India than in the relatively low-cost China and export the output.
Furthermore, India is set to become Mercedes Benz’s fastest-growing market worldwide ahead of China, the US and Europe, according to internal projections. We expect growth rates to be the fastest in India globally, and expect sales to move up by 10 per cent over the next five years or so, as per Mr Matthias Luhrs, Vice-President (Global Sales), Mercedes Benz Cars.
Automobiles production increased at a compound annual growth rate (CAGR) of 12.2 per cent over FY05-13, while the export volumes increased at a CAGR of 19.1 per cent.
Strong demand growth due to rising incomes, growing middle class, and the young population is likely to propel India among the world's top five auto-producers by 2015.
India has significant cost advantages; auto firms save 10-25 per cent on operations in India as compared to Europe and Latin America. A large pool of skilled manpower and a growing technology base are some of the leading factors.
The government aims to develop India as a global manufacturing as well as research and development (R&D) hub. There has been a wide array of policy support in the form of sops, taxes and FDI encouragement. Under the Union Budget 2013-14, the government has also proposed to allocate US$ 2.7 billion for Jawaharlal Nehru National Urban Renewal Mission (JNNURM) to bolster sales volumes of Medium and Heavy Commercial Vehicles (MHCV).
The world's cheapest car (Tata Nano) has directed focus towards the low-income market. Bajaj Auto, Hero Honda and Mahindra & Mahindra (M&M) jointly plan to develop a technology for two-wheelers to run on natural gas. Electric cars are likely to be a sizeable market segment in the coming decade.
The automobile industry in India has grown significantly over the past few decades. It started with only two major players and was highly regulated, with import restrictions and high duties. Liberalization in the 1990s led to more players entering the market, both domestic and foreign, and greater competition. Key segments now include two-wheelers, passenger vehicles, commercial vehicles, and three-wheelers. The industry is largely domestically focused but exports have also increased substantially in recent years, with passenger vehicles becoming a leading export category. Overall production and sales have grown at a compound annual rate of over 15% with two-wheelers maintaining the largest market share.
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3. 15.9
34.0
FY13 FY20
Two wheelers (million units)
3.2
8.6
FY13 FY21
Passenger vehicles (million units)
Source: IHS, NEMMP 2020, ACMA, Aranca Research;
Note: E – Estimate
By 2020, India's share in the
global passenger vehicle
market to double to 8 per cent
from 4 per cent over 2010–11
Third-largest automobile
industry by 2016E
Two–wheeler sales to rise from
15.9 million in FY2013 to 34.0
million by FY2020E
World’s second-largest two
wheeler manufacturer
Passenger vehicle sales to
increase from 3.2 million in
FY2013 to 8.6 million in
FY2021E
Passenger vehicle sales to
nearly triple by 2020E
CAGR: 11%
4%
8%
2010 2020
India's share in global passenger vehicle market
CAGR: 13%
4. Growing demand
Source: Automotive Mission Plan (2006–2016)
Notes: R&D – Research and Development; FDI – Foreign Direct Investment; FY – Indian Financial Year (April – March);
FY16E – Estimated figure for Financial Year 2016
Growing demand
• Strong growth in demand due to
rising income, middle class, and a
young population is likely to propel
India among the world’s top five
auto manufacturers by 2015
• Growth in export demand is set to
accelerate
Innovation opportunities
• Tata Nano and the upcoming
Pixel have opened up the
potentially large ultra low-cost car
segment
• Innovation is likely to intensify
among engine technology and
alternative fuels
Policy support
• The government aims to develop
India as a global manufacturing as
well as R&D hub
• There has been a wide array of
policy support in the form of sops,
taxes and FDI encouragement
Rising investments
• India has significant cost
advantages; auto firms save 10-25
per cent on operations vis-à-vis
Europe and Latin America
• A large pool of skilled manpower
and a growing technology base
would induce greater investments
FY10
Market
size:
USD57.7
billion
FY16E
Market
size:
USD145
billion
Advantage
India
5. Source: Tata Motors, Society of Indian Automobile Manufacturers (SIAM), Aranca Research
Note: JV – Joint Venture
• Closed market
• Five players
• Long waiting
periods and
outdated models
• Seller’s market
• Joint venture (JV):
Indian government and
Suzuki formed Maruti
Udyog; commenced
production in 1983
• Component
manufacturers entered
the market via JV
• Buyer’s market
• Sector de-licensed in
1993
• Major original
equipment
manufacturers (OEMs)
started assembly
operations in India
• Imports permitted from
April 2001
• Introduction of value-
added tax in 2005
• More than 35 market
players
• Removal of most import
controls
• Indian companies gaining
acceptance on a global
scale
• Setting up of National
Automotive Board to act
as facilitator between the
government and industry
0.4 million
units (1982)
0.6 million
units (1992)
11 million
units (2007)
20.7 million
units (FY13)
Before 1982
1983–92
1993–2007
2008 onwards
7. Revenue trends over the past few years
(USD million)
Source: SIAM, Datamonitor, Aranca Research
Note: * Does not include three wheelers
The gross turnover of automobile manufacturers in India expanded at a CAGR of 17.7 per cent over FY07-11
Excluding three wheelers, trucks accounted for the largest share of revenues (47.8 per cent in 2011)
Market* break-up by revenues (2011)
30.5
36.6
33.3
43.3
58.6
FY07 FY08 FY09 FY10 FY11
47.8%
31.8%
20.4%
Trucks
Cars
Two Wheelers
CAGR: 17.7%
8. Total production of automobiles in India (million units)
Source: SIAM, Aranca Research
Note: CAGR – Compound Annual Growth Rate
Production of automobiles increased at a CAGR of 11.8 per cent over FY05-13
Passenger vehicles was the fastest growing segment, representing a CAGR of 12.9 per cent
1.2
1.3
1.3
1.6
1.8
2.4
3.0
3.1
3.2
0.4
0.4
0.5
0.6
0.4
0.6
0.8
0.8
0.8
0.4
0.4
0.6
0.5
0.5
0.6
0.8
0.8
0.8
6.5
7.6
8.5
8
8.4
10.5
13.4
15.5
15.9
FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13
Passenger Vehicle Commercial Vehicle Three Wheelers Two Wheelers
9. Market share by volume (FY13)Two wheelers dominate production volumes; in FY13, the
segment accounted for about three quarters of the total
automotive production in the country
India is the world’s second-largest two wheeler
manufacturer and fourth-largest producer of commercial
vehicles
77%
15%
4% 4%
Two Wheelers
Passenger Vehicle
Commercial
Vehicle
Three Wheelers
Source: SIAM, Aranca Research
10. Share in production of passenger vehicles (FY13) Share in production of commercial vehicles (FY13)
80.7%
19.3%
Passenger cars
Utility vehicle
29.4%
70.6%
MCV & HCV
LCV
Source: SIAM, Aranca Research
Notes: LCV – Light Commercial Vehicle;
MCV – Medium Commercial Vehicle;
HCV – Heavy Commercial Vehicle
11. Share in production of three-wheelers (FY13) Share in production of two-wheelers (FY13)
18.3%
81.7%
Goods Carrier
Passenger carrier
Source: SIAM, Aranca Research
5.9%
78.7%
15.3%
Mopeds
Motorcycles
Scooters
12. Exports of automobiles from India (million units)
Automobile export volumes increased at a CAGR of 19.1 per cent over FY05–13
Two-wheeler segment reported the fastest growth (22.2 per cent) followed by three-wheelers (16.3 per cent) over FY05–13
0.2
0.2
0.2
0.2
0.3
0.5
0.5
0.5
0.5
0.0
0.0
0.1
0.1
0.0
0.0
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.2
0.2
0.3
0.4
0.3
0.4
0.5
0.6
0.8
1.0
1.1
1.5
2.0
2.0
FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13
Passenger Vehicle Commercial Vehicle Three Wheelers Two Wheelers
Source: SIAM, Aranca Research
13. Exports shares by volume (FY13)Two wheelers accounted for the largest share in exports (by
volume) at 67 per cent in FY13
Passenger vehicles comprised a sizeable 19 per cent of
overall exports
Exports of passenger vehicles registered the highest growth
at 9.02 per cent in FY13
19%
3%
11%
67%
Passenger Vehicle
Commercial
Vehicle
Three Wheelers
Two Wheelers
Source: SIAM, Aranca Research
14. Growth forecast for sales
Source: SIAM, Aranca Research
Note: E – Estimate, UV – Utility Vehicle
Auto sales across categories are estimated to rise 6-8 per
cent in FY14
Passenger vehicles are projected to grow 5-7 per cent in
FY14
Passenger car segment is estimated to expand 3-5
per cent
SUVs are projected to increase 11-13 per cent
Commercial vehicles are forecast to rise 7-9 per cent
LCVs are estimated to grow 10-12 per cent
MCVs and HCVs are projected to increase 1-3 per
cent
Three wheelers are estimated to rise 3-5 per cent in FY14
Two-wheelers are expected to grow 6-8 per cent in FY14
4%
27%
28%
12%
3%
8%
FY09 FY10 FY11 FY12 FY13 FY14E
Auto sales growth
Growth forecast for the auto segment
13%
33%
25%
3%
2%
7%
-33%
50%
33%
0%
-2%
9%
0%
20%
33%
0%
5%
5%
5%
25%
28%
16%
3%
8%
FY09 FY10 FY11 FY12 FY13 FY14E
Passenger Vehicle Commercial Vehicle Three Wheelers Two Wheelers
15. 16.8 22.0
30.0
FY13 FY15 FY20
Two & three wheelers (million units)
0.8
1.4
2.2
FY13 FY15 FY20
Commercial vehicles (million units)
3.2
5.0
9.0
FY13 FY15 FY20
Passenger vehicles (million units)
Passenger vehicles to increase at a CAGR of 16
per cent during FY2013–20
Commercial vehicles expected to register a CAGR
of 16 per cent during FY2013–20
Two and three wheelers projected to expand at a
CAGR of 9 per cent during FY2013–20
CAGR: 16%
CAGR: 16%
CAGR: 9%
Source: SIAM, Vision 2020, Aranca Research
16. The Indian luxury car market expanded at a CAGR of 30 per cent, with 23,000 units
in 2011 (about 1 per cent of the passenger vehicle market in India). The market is
dominated by players such as BMW, Mercedes, Audi, Jaguar
India has the world’s 12th-largest HNI population, with a growth of 20.8 per cent
(highest among the top 12 countries)
With expansion in the education and realty sectors, and increasing wealth of IT
professionals, more consumers aspire to own luxury cars
The Indian luxury car market is estimated to expand at a CAGR of 25 per cent during
2012–20 and reach 150,000 units by 2020 (accounting for 4 per cent of the estimated
6.8-million-unit domestic car market)
The luxury SUV segment is growing at about 50 per cent, while luxury sedans are
increasing 25–30 per cent
Scenario
Key drivers
Notable
Trends
Source: World Wealth Report (2011) of Merrill Lynch Wealth Management and Capgemini, Aranca Research
Note: HNI - High Networth Individuals
17. Source: SIAM, Aranca Research
Note: Data is for FY10
The automotives industry is concentrated with leaders in each segment commanding a share of over 40 per cent
Market leader Others
Passenger vehicles 45% 20% 10% 4%
MCVs & HCVs 63% 23% 7%
LCVs 59% 30% 4% 4%
Three wheelers 41% 40% 10%
Motorcycles 59% 24% 7% 6%
Scooters 51% 21% 14% 10%
18. New product launches
• Large number of products available to consumers across various segments; this has
gathered pace with the entry of a number of foreign players
• Reduced overall product lifecycle have forced players to employ quick product launches
Improving product-
development
capabilities
• Increasing R&D investments from both the government and the private sector
• Private sector innovation has been a key determinant of growth in the sector; two good
examples are Tata Nano and Tata Pixel; while the former has been a success in India, the
latter is intended for foreign markets
Alternative fuels
• In FY11, the CNG market was worth more than USD330 million; CNG cars and taxis are
expected to register a CAGR of 28 per cent over FY11–FY14
• The CNG distribution network in India is expected to increase to 250 cities by 2018 from
30 cities in 2009
New financing options
• Carmakers such as BMW, Audi, Toyota, Skoda, Volkswagen and Mercedes-Benz have
started providing customised finance to customers through NBFCs
• Major MNC and Indian corporate houses are moving towards taking cars on operating
lease instead of buying them
Note: NBFCs - Non-Banking Finance Companies
19. Strong
government
support
Growing demand
Inviting Resulting in
Growing demand
Increasing
investmentsPolicy support
Rising income,
young population
Greater
availability of
credit and
financing options
Strong growth in
exports
Goal of
establishing India
as an auto-
manufacturing hub
R&D focus; GOI
has set up a
technology
modernisation fund
Policy sops, FDI
encouragement
Rising
investments from
domestic and
foreign players
Greater product
innovation; market
segmentation
Demand projected
to remain strong,
making returns
attractive
Note: GOI – Government of India
20. Increasing income and middle-class population
• GDP per capita has grown from USD1,432.25 in 2010 to
USD1,500.76 in 2012, and is expected to reach
USD1,869.34 by 2018
• Apart from the impact of rising incomes, widening of the
consumer base will also be aided by expansion of the
middle class, increasing urbanisation, and changing
lifestyles
• A young population is boosting demand for cars
• Demand for commercial vehicles increased due to the
development of roadways and greater market access
Changing income dynamics of India’s population
Source: IMF, McKinsey Quarterly, Aranca Research
1 3 72 6
17
12
25
29
35
40
32
50
26
15
2008 2020 2030
Globals (>18412.8) Strivers (9206.4-18412.8)
Seekers (3682.5 - 9206.4) Aspirers (1657-3682.5)
Deprived (<1657)
Million Household,100%
222 273 322
21. Easy availability of credit
• Greater access to credit eases the purchase of
passenger and commercial vehicles
• The auto finance industry has grown at the rate of 13 per
cent over FY08-13; the car finance penetration has
increased from 68 per cent – 70 per cent in FY08-10 to
70 per cent – 72 per cent in FY11-13
• BMW, Audi, Toyota, Skoda, Volkswagen and Mercedes-
Benz have started providing customised finance to
customers, dealers and suppliers through dedicated
non-banking finance companies (NBFCs)
Indian car finance market size
Source: Kotak Mahindra Prime, Aranca Research
Note: Greater distributional efficiencies, increasing demand
(especially from rural areas) due to rising disposable incomes
have created new markets for products within the country
1.5 1.9
2.5 2.6 2.7
7.7
9.3
13.2 12.9
11.7
FY09 FY10 FY11 FY12 FY13
Car industry sales volume (mn) Car finance industry (USD bn)
23. Auto Policy 2002
• Automatic approval for foreign equity investment up to 100 per cent; no minimum
investment criteria
• Encourage R&D by offering rebates on R&D expenditure
Automotive Mission
Plan (AMP) 2006–16
• AMP’s vision is to make India a preferred destination for designing and manufacturing of
automobiles and achieve a market size of USD154 billion by 2016
• Setting up of a technology modernisation fund focussed on SMEs
• Establishment of automotive training institutes, auto design centres and special auto parks
NATRiPs
• Set up at a total cost of USD388.5 million to enable the industry to be on par with global
standards
• Nine R&D centres of excellence with focus on low-cost manufacturing and product
development solutions
Dept. of Heavy
Industries & Public
Enterprises
• Worked towards reduction of excise duty on small cars and increase budgetary allocation
for R&D
• Weighted increase in R&D expenditure to 200 per cent from 150 per cent (in-house) and
175 per cent from 125 per cent (outsourced)
Notes: SME – Small and Medium Enterprises, R&D - Research and Development, NATRiP – National Automotive Testing and R&D
Infrastructure Project, AMP - Automotive Mission, JNNURM - Jawaharlal Nehru National Urban Renewal Mission
Union Budget FY14
• Proposal to allocate USD2.7 billion for JNNURM to bolster sales volumes of Medium and
Heavy Commercial Vehicles (MHCV)
24. • Business description
Vehicles Research & Development
Establishment (VRDE), Ahmednagar
• Research, design, development and testing of vehicles
• Centre of excellence for photometry, electromagnetic compatibility (EMC) and
test tracks
Indore — National Automotive Test
Tracks (NATRAX)
• Complete testing facilities for all vehicle categories
• Centre of excellence for vehicle dynamics and tyre development
Automotive Research Association of India
(ARAI), Pune
• Services for all vehicle categories
• Centre of excellence for power-train development and material
Chennai Centre, Tamil Nadu
• Complete homologation services for all vehicle categories
• Centre of excellence for infotronics, EMC and passive safety
Rae Bareilly Centre
• Services to agri-tractors, off-road vehicles and a driver training centre
• Centre of excellence for accident data analysis
International Centre for Automotive
Technology (iCAT), Manesar
• Services to all vehicle categories
• Centre of excellence for component development, noise vibration and
harshness (NVH) testing
Silchar Centre, Assam
• Research, design, development and testing of vehicles
• Centre of excellence for photometry, EMC and test tracks
25. Source: ACMA, Aranca Research
Delhi–Gurgaon–
Faridabad
Kolkata–
Jamshedpur
Chennai– Bengaluru–
Hosur
Mumbai–Pune–
Nashik–
Aurangabad
List of companies
North
West
East
South
• Ashok
Leyland
• Force
Motors
• Piaggio
• Swaraj
Mazda
• Amtek
Auto
• Eicher
• Honda
SIEL
• Maruti
Suzuki
• Tata
Motors
• Bajaj Auto
• Hero
Group
• Ashok
Leyland
• Bajaj Auto
• FIAT
• GM
• M&M
• Eicher
• Skoda
• Bharat
Forge
• Tata
Motors
• Volkswag
en
• Renault-
Nissan
• M&M
• Tata
Motors
• Hindustan
Motors
• Simpson
& Co
• Internatio
nal Auto
Forgings
• JMT
• Exide
• Ashok
Leyland
• Ford
• M&M
• Toyota
Kirloskar
• Volvo
• Sundaram
Fasteners
• Enfield
• Hyundai
• BMW
• Bosch
• TVS
Motor
Company
• Renault-
Nissan
26. Source: Aranca Research
Note: All figures as of 2011-12
WEST: Maharashtra, and
Gujarat are hubs for
heavy and light vehicle
manufacturing
EAST: Jamshedpur is the
site for Tata’s heavy
vehicle manufacturing
SOUTH: Chennai hosts
manufacturing plants for
heavy and light vehicles
NORTH WEST: Rajasthan is
a major hub for light vehicle
manufacturing
NORTH: Delhi is a hub for light
vehicle manufacturing, whereas
Haryana and Uttarakhand are
hubs for heavy vehicle
manufacturing
Heavy Vehicle Manufacturing Plant
Light Vehicle Manufacturing Plant
27. Revenue trends over the past few years
(USD billion)
Source: Department of Industrial Policy & Promotion (India),
Aranca Research
FDI inflows in the automotives sector aggregated USD8.3 billion (4.3 per cent of the total FDI) over April 2000 – March
2013
1.2 1.2
1.3
0.9
1.5
FY09 FY10 FY11 FY12 FY13
FDI in automobile industry (USD billion)
Delhi–Gurgaon–
Faridabad
Kolkata–
Jamshedpur
Chennai– Bengaluru–
Hosur
Mumbai–Pune–
Nashik–
Aurangabad
Ahmedabad
28. Source: Respective Company Websites, News Articles, Aranca Research
Global car majors have been ramping up investments in India to cater to the growing domestic demand. Also, these
manufacturers plan to leverage India’s competitive advantage to set up export-oriented production hubs
• Planning to double its current investment level of about USD2.5 billion over the next five years
• Aims to raise its market share from 1.5 per cent in FY13 to 10 per cent by FY17
• Investing in Chennai and Sanand plants to raise capacity to 0.44 million cars & 0.61 million engines by
FY14
• Long term strategy to export 25 per cent of vehicles and to make India compact car global production base
• Is in the process of expanding its dealer network from 33 in January 2013 to 50 by 2014 end
• Plans to raise the number of car offerings in the sub USD46,000 category
• Plans to launch up to eight models over the next 5–6 years
• Aims to invest USD460 million in Rajasthan plant by 2014 to build a new assembly line for cars
• This will include a new diesel engine component production and a forging plant
• Expects to invest another USD163 million at Bidadi plant near Bengaluru
• Plans to increase capacity to 310,000 units by 2013 with an investment of USD187 million
• Plans to invest USD552-737 million over the next two to three years to develop new products
• Plans to infuse USD46 million to double India capacity to 20,000 vehicles by the end of CY13
29. Source: Company Website, Aranca Research
1983 1994 1997 2001 2004 2006 2007 2008 2009 2010 2011 2012 2013
Roll-out of people’s
car (Maruti 800)
Capacity
expansion
Enhanced R&D
capability
Increased
productivity
Product portfolio
expansion
Continuing market
leadership
Product portfolio
comprising 16
passenger vehicle
models
Accounted for 45
per cent share in
the Indian car
market
Plans to produce
1.7 million cars by
2013
2011
Roll-out of 10
millionth car
1994
Production of
1 millionth car
In the process of
establishing
Suzuki’s largest
R&D facility
outside Japan
2012
Total sales
crossed 1million
units in FY12
Plans to setup
two facilities
in Gujarat
30. Source: Company Website, Aranca Research
1945 1954 1961 1977 1982 1986 1991 1998 2005 2008 2010 2012
Joint ventures
Acquisitions
Enhancing
R&D capability
Product portfolio
expansion
Market expansion
Disruptive innovation JV with
Daimler AG
Production of
first
indigenously
designed LCV
Acquisition
of Jaguar
and
Landrover
Acquired
stake in
Hipo
Carrocera
SA
Launched
Indica, India's
first fully
indigenous
passenger car
Establishment
of Tata
Engineering &
Locomotives
Launch of the
first
indigenous
CV
Introduction
of
Megapixel,
an electric
vehicle
Launched
Tata Nano
31. Tata Nano sales FY 2010-13 (units)
Source: Company Website, Aranca Research
Note: YOY – Year on Year
Tata Nano ranked among the top 10 best-selling cars of
2012. It was recently declared the most trusted four-wheeler
brand by ‘The Brand Trust Report, India Study 2013’
Nano was the only petrol car among the top-selling cars of
2012 to post a positive yoy growth. Tata adopted a different
marketing pitch and launched the 2012 Tata Nano, which
offered a lot of new features for no extra charge
Sales of the Nano more than doubled to 73,848 units in
FY13 from its launch in FY10
Currently, Tata exports Nano to Sri Lanka and Nepal and
has plans to export the car to Bangladesh. The company is
likely to add new export markets such as Africa, South
America, and Southeast Asia
Tata has launched a new variant of the Nano in 2013 and is
in the process of launching a new variant in 2014 to
augment sales. A CNG variant was launched in the second
half of 2013, while the diesel version is likely to be launched
in the first half of 2014
30,763
70,432 74,527 73,848
FY10 FY11 FY12 FY13
Sales
32. 65 87
117
145 149
178
231 230
298
377
483
563
331
FY02
FY03
FY04
FY05
FY06
FY07
FY08
FY09
FY10
FY11
FY12
FY13
8MFY14
M&M auto sales – domestic and export
(‘000 units)
Source: Company Website, Aranca Research
M&M has been the market leader in utility vehicles in India
for over 50 years since building the first Willys jeep in 1947
Manufactures passenger vehicles, utility vehicles, light
commercial vehicles (including three-wheelers)
Produces 15 passenger vehicle models and 8 commercial
vehicle models, noteworthy among which are Scorpio, Thar,
Xylo, XUV 500
Global player in exporting products to several countries in
North America, Europe, Africa, South America, South Asia,
and the Middle East; exported 32,457 units in FY13
Recorded four wheeler revenue of USD3.3 billion in FY13
Launched Verito Refresh, Quanto, and Rexton in FY2013
Launched the e20 electric car in March 2013 after acquiring
carmaker Reva Technology
In 2013, inked a partnership with online shopping portal
Snapdeal.com to sell its two-wheelers
CAGR: 22%
33. Note: M&M – Mahindra & Mahindra
• Strong support from the
government; setting up of
NATRiP centres
• Private players, such as
Hyundai, Suzuki, GM, keen
to set up R&D base in India
• Strong education base, large
skilled English-speaking
manpower
• Comparative advantage in
terms of cost
• The world’s cheapest car
(Tata Nano) has directed
focus on the low-income
market
• Bajaj Auto, Hero Honda and
M&M plan to jointly develop
a technology for two-
wheelers to run on natural
gas
• Electric cars likely to be a
sizeable market segment in
the coming decade
• Tata Motors to launch
MiniCAT, a car running on
compressed air, thereby
stepping into the next era
where cars would not require
any fossil fuel and emissions
would be almost nil
• General Motors, Nissan and
Toyota announced plans to
make India their global hub
for small cars
• Light vehicle sales estimated
to cross 3 million by the end
of 2012
• Strong export potential in
ultra low-cost cars segment
(to developing and emerging
markets)
India is fast emerging as a
global R&D hub
Opportunities for creating
sizeable market segments
through innovations
Small-car manufacturing hub
34. Society of Indian Automobile Manufacturers (SIAM)
Core 4-B, 5th Floor, India Habitat Centre
Lodhi Road, New Delhi – 110 003
India
Phone: 91 11 24647810–2
Fax: 91 11 24648222
E-mail: siam@siam.in
35. CAGR: Compound Annual Growth Rate
CV: Commercial Vehicle
FDI: Foreign Direct Investment
FY: Indian Financial Year (April to March)
So FY10 implies April 2009 to March 2010
GOI: Government of India
HCV: Heavy Commercial Vehicle
INR: Indian Rupee
LCV: Light Commercial Vehicle
OEM: Original Equipment Manufacturers
PV: Passenger Vehicle
SIAM: Society of Indian Automobile Manufacturers
36. ULCC: Ultra Low Cost Car
USD: US Dollar
Wherever applicable, numbers have been rounded off to the nearest whole number
37. Year INR equivalent of one USD
2004-05 44.95
2005-06 44.28
2006-07 45.28
2007-08 40.24
2008-09 45.91
2009-10 47.41
2010-11 45.57
2011-12 47.94
2012-13 54.31
Exchange rates (Fiscal year)
Year INR equivalent of one USD
2005 45.55
2006 44.34
2007 39.45
2008 49.21
2009 46.76
2010 45.32
2011 45.64
2012 54.69
2013 54.45
Exchange rates (Calendar year)
Average for the year
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by Aranca in consultation with IBEF.
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