The document provides an overview of the automobiles sector in India. Some key points:
- India is the 4th largest automobile market and 7th largest manufacturer of commercial vehicles. Automobile sales and production are growing at a healthy rate.
- The market is segmented with two-wheelers and passenger vehicles dominating domestic demand. Exports are also growing.
- Factors like rising incomes, financing options, and government support are driving growth. The sector is expected to reach $251-282 billion by 2026.
- Companies are expanding capacities and launching new models to capitalize on opportunities in India. The focus is shifting to electric vehicles as well.
The document provides an overview of the automobiles sector in India. It discusses that India has established a presence as the 4th largest automobile market globally. The two-wheeler segment dominates domestic demand, accounting for 80% of sales. The sector has been growing at a positive rate due to rising income levels, a young population, and government support initiatives such as the Automotive Mission Plan. The sector provides opportunities for further growth in segments like electric vehicles and luxury cars.
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 document provides an overview of the automobiles sector in India. It discusses the key segments of the market - two-wheelers, passenger vehicles, commercial vehicles, and three-wheelers. Two-wheelers dominate domestic demand with a 79% share of total production volume. The market is growing with total automobile production increasing at a CAGR of 5.56% between FY12-17. The government has implemented initiatives like the Automotive Mission Plan to develop India as a manufacturing hub and boost the sector's growth.
The document provides an overview of the automobiles sector in India. Some key points:
- India has a large automobiles sector, being the 7th largest manufacturer of commercial vehicles and having strong growth in both domestic demand and exports.
- The market is segmented with two-wheelers and passenger vehicles dominating domestic demand. Two-wheelers account for around 80% of sales.
- The sector has seen positive growth in recent years and has strong prospects for the future, supported by rising incomes, a young population, and government initiatives and policies. However, competition has also increased with more players in the market.
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:
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
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 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. It discusses that India has established a presence as the 4th largest automobile market globally. The two-wheeler segment dominates domestic demand, accounting for 80% of sales. The sector has been growing at a positive rate due to rising income levels, a young population, and government support initiatives such as the Automotive Mission Plan. The sector provides opportunities for further growth in segments like electric vehicles and luxury cars.
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 document provides an overview of the automobiles sector in India. It discusses the key segments of the market - two-wheelers, passenger vehicles, commercial vehicles, and three-wheelers. Two-wheelers dominate domestic demand with a 79% share of total production volume. The market is growing with total automobile production increasing at a CAGR of 5.56% between FY12-17. The government has implemented initiatives like the Automotive Mission Plan to develop India as a manufacturing hub and boost the sector's growth.
The document provides an overview of the automobiles sector in India. Some key points:
- India has a large automobiles sector, being the 7th largest manufacturer of commercial vehicles and having strong growth in both domestic demand and exports.
- The market is segmented with two-wheelers and passenger vehicles dominating domestic demand. Two-wheelers account for around 80% of sales.
- The sector has seen positive growth in recent years and has strong prospects for the future, supported by rising incomes, a young population, and government initiatives and policies. However, competition has also increased with more players in the market.
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:
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
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 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 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:
- 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 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 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 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 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 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.
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 $43.5 billion in 2016-17, and exports have grown at a CAGR of 14% to $10.9 billion.
- The industry is expected to reach turnover of $100 billion by 2020, with exports projected between $80-100 billion by 2026.
- India is emerging as a global hub for auto component sourcing, with major global automakers sourcing more from their Indian subsidiaries.
- Growth is expected to be driven by factors like rising domestic automotive demand, focus
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 auto components industry in India. Some key points:
- The industry has grown at a CAGR of 14% over the last decade to $43.5 billion in 2016-17, with exports growing at a CAGR of 14% to $10.9 billion.
- The industry is expected to reach turnover of $100 billion by 2020, with exports projected between $80-100 billion by 2026.
- It contributes around 7% to India's GDP and employs 19 million people. India is projected to become the 4th largest auto producer by 2020.
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 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 substantially, growing at a CAGR of 9.96% to reach $10.9 billion in FY17. Major global automakers are sourcing more components from India and increasing localization, establishing the country as a key manufacturing and design hub. The industry is expected to further benefit from the growing domestic automobile market in India as well as opportunities in electric vehicles.
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. 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 increasingly sourcing components from India and setting up local manufacturing plants, making the country an important hub for the global auto industry.
The document provides an overview of the automobiles sector in India. Some key points:
1) India has a large and growing automobiles market, ranking 7th largest, with established domestic and international manufacturers. Two-wheelers dominate domestic demand but passenger vehicles are growing rapidly.
2) The market is segmented into four-wheelers, three-wheelers, two-wheelers and commercial vehicles, with leaders in each segment. Exports are also increasing with two-wheelers accounting for over 67% of volumes.
3) Factors like rising incomes, a young population, government support and lower costs are driving growth in the sector. Electric vehicles and new financing options are recent trends as the market evolves
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.
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 $43.5 billion in 2016-17, with exports growing at a CAGR of 14% to $10.9 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 almost 7% of India's GDP and employs around 19 million people.
- India is emerging as a global sourcing hub for auto components and has competitive advantages from its large workforce and lower costs compared
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 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 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 suppliers are also exporting more.
- The industry accounts for 7% of India's GDP and employs 19 million people.
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 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 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:
- 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 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 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 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 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 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.
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 $43.5 billion in 2016-17, and exports have grown at a CAGR of 14% to $10.9 billion.
- The industry is expected to reach turnover of $100 billion by 2020, with exports projected between $80-100 billion by 2026.
- India is emerging as a global hub for auto component sourcing, with major global automakers sourcing more from their Indian subsidiaries.
- Growth is expected to be driven by factors like rising domestic automotive demand, focus
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 auto components industry in India. Some key points:
- The industry has grown at a CAGR of 14% over the last decade to $43.5 billion in 2016-17, with exports growing at a CAGR of 14% to $10.9 billion.
- The industry is expected to reach turnover of $100 billion by 2020, with exports projected between $80-100 billion by 2026.
- It contributes around 7% to India's GDP and employs 19 million people. India is projected to become the 4th largest auto producer by 2020.
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 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 substantially, growing at a CAGR of 9.96% to reach $10.9 billion in FY17. Major global automakers are sourcing more components from India and increasing localization, establishing the country as a key manufacturing and design hub. The industry is expected to further benefit from the growing domestic automobile market in India as well as opportunities in electric vehicles.
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. 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 increasingly sourcing components from India and setting up local manufacturing plants, making the country an important hub for the global auto industry.
The document provides an overview of the automobiles sector in India. Some key points:
1) India has a large and growing automobiles market, ranking 7th largest, with established domestic and international manufacturers. Two-wheelers dominate domestic demand but passenger vehicles are growing rapidly.
2) The market is segmented into four-wheelers, three-wheelers, two-wheelers and commercial vehicles, with leaders in each segment. Exports are also increasing with two-wheelers accounting for over 67% of volumes.
3) Factors like rising incomes, a young population, government support and lower costs are driving growth in the sector. Electric vehicles and new financing options are recent trends as the market evolves
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.
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 $43.5 billion in 2016-17, with exports growing at a CAGR of 14% to $10.9 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 almost 7% of India's GDP and employs around 19 million people.
- India is emerging as a global sourcing hub for auto components and has competitive advantages from its large workforce and lower costs compared
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 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 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 suppliers are also exporting more.
- The industry accounts for 7% of India's GDP and employs 19 million people.
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 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 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%
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 Indian auto components sector. Some key points:
- The sector's turnover was USD 39 billion in FY15-16 and is expected to reach USD 115 billion by FY20-21. Exports have grown significantly over the years and were USD 10.8 billion in FY15-16.
- Engine parts account for the largest share of production at 31% followed by drive transmission and steering parts. Organized players account for 85% of the industry turnover despite lower numbers compared to unorganized players.
- Government policies and initiatives like 'Make in India' aim to further boost investments, exports, and manufacturing capabilities in the sector. India is emerging as a global sour
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.
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.
Presently India’s economy continues to grow at a rapid pace, the automobile industry is be
a key beneficiary. This is true in whole automotive markets—from those serving customers
with two-wheelers and four-wheelers to those offering commercial vehicles. The major
determinants behind such growth are the increasing affluence of the average consumer,
overall growth in GDP, the arrival of ultra-low-cost cars, and the increasing maturity of
Indian original equipment manufacturers (OEMs).Automotive Industry in India is
presently working in terms of the dynamics of an open market. In India, automobile sector
is one of the largest growing industries. Many joint ventures have been set up in India with
foreign collaboration. India also has one of the fastest growing economies, and many U.S.
companies view India as a potentially lucrative market. This paper gives an overview of
Indian Automobile Industry.
Similar to Automobiles Sector Report - April 2018 (10)
Tamil Nadu has a strong and growing economy, as evidenced by its GSDP which grew at a CAGR of 11.46% between 2011-12 and 2018-19, reaching Rs. 16.06 trillion (US$ 222.58 billion) in 2018-19. The state has a diversified industrial base and thriving services sector, especially in IT/ITeS. It also has robust infrastructure including roads, ports, airports, and an emphasis on further infrastructure development. With various initiatives like Vision 2023, Tamil Nadu aims to boost its economy and attract significant domestic and foreign investments over the coming years.
India has become the second largest steel producer in the world in 2018. Steel production and capacity in India have grown rapidly over the past decade, with capacity reaching 137.98 million tonnes in 2017-18. Consumption has also increased steadily, driven by growth in infrastructure, automotive, and other sectors. The government has implemented policies like the National Steel Policy to encourage further capacity growth to 300 million tonnes by 2030-31. Low per capita consumption compared to other countries also provides significant potential for further demand growth.
The document provides an overview of India's services sector, including:
1) The services sector contributes over 50% of India's GDP and grew at 12.75% in 2018-19, demonstrating its importance as the key driver of India's economic growth.
2) India has a large skilled workforce and is a global outsourcing hub, commanding a 55% share of the global sourcing market, which has helped establish the country as a leading provider of technology and digital services.
3) The government is working to further develop the services sector through initiatives like 'Startup India' and reforms that make India an attractive investment destination for both domestic and foreign investors.
The document provides an overview of the real estate sector in India. It discusses that the real estate sector is expected to reach $1 trillion by 2030 and contribute 13% of India's GDP by 2025. Rapid urbanization is driving demand for residential and commercial real estate space. The residential segment contributes around 80% of the sector currently. Government policies like Housing for All and Smart Cities are further boosting growth.
Rajasthan has experienced strong economic growth in recent years. Between 2011-12 and 2018-19, the state's Gross State Domestic Product grew at a compound annual growth rate of 11.37% to reach $128.1 billion. The tourism industry in Rajasthan is thriving, with over 47.5 million tourist arrivals in 2017, and the state is a leading producer of agro-based products. Rajasthan also has immense potential for renewable energy generation from solar and wind sources.
Indian Railways is the third largest rail network in the world by size. It saw strong revenue growth over the past decade, with freight accounting for over 65% of revenues in FY19. Freight and passenger traffic have both increased steadily in recent years. Various modernization initiatives are underway to upgrade infrastructure and technology. Private sector participation is being encouraged to augment rail connectivity and capacity.
India has the third largest installed power capacity in the world at 356.10 GW as of March 2019. It is the third largest producer and consumer of electricity globally. India has achieved 100% household electrification and aims to increase renewable energy capacity to 175 GW by 2022. Thermal energy accounts for over 63% of total installed capacity, while renewable sources account for 21.8%. The power sector in India is growing rapidly and offers many opportunities for investment and development.
Nagaland has a Gross State Domestic Product (GSDP) of around 0.24 trillion Indian rupees in 2017-18, growing at a CAGR of 11.83% between 2011-12 and 2017-19. The per capita GSDP in 2017-18 was 113,549 rupees, growing at a CAGR of 10.66% in the same period. Nagaland's Net State Domestic Product (NSDP) in 2016-17 was 0.19 trillion rupees, growing at 15.72% between 2011-12 and 2016-17. The per capita NSDP in 2016-17 was 90,168 rupees, growing at 12.
Meghalaya has the highest rainfall in India and diverse soil types that support agriculture. The state has strong potential in floriculture, bamboo processing, and medicinal plants due to its biodiversity. Meghalaya also has large hydroelectric power potential and abundant mineral resources. The state aims to promote industries like agro-processing, horticulture, minerals and tourism to create opportunities for its population.
- The Indian infrastructure sector is experiencing significant growth due to rising government investments and initiatives such as allocating Rs 4.56 lakh crore for infrastructure in the FY 2019-20 budget.
- Private sector participation is increasing across segments like roads, power and airports. Infrastructure sectors like power transmission and renewable energy will drive future investments.
- Improving connectivity through initiatives like Bharatmala Pariyojana and Sagarmala will boost infrastructure growth. 100% villages connectivity through roads is expected by 2019 under PMGSY.
The document provides an overview of the media and entertainment industry in India. Some of the key points from the document are:
- The Indian media and entertainment industry is growing rapidly at a CAGR of 12-13% and is expected to reach Rs. 3.73 lakh crore by 2022.
- Television is the largest segment with a market size of Rs. 740 billion in 2018, expected to reach Rs. 955 billion by 2021. Digital media, animation and VFX, and online gaming are among the fastest growing segments.
- Advantages for the industry in India include rising incomes, evolving lifestyles, a large young population, increasing digitization, and government support through
- The manufacturing sector is a major employer in India and aims to provide 25% of GDP and 100 million new jobs by 2022. It has grown at a CAGR of 4% between FY12-19 and contributes significantly to India's exports.
- The document discusses India's advantage in manufacturing including a large domestic market, favorable demographics, and government initiatives like Make in India. Key sub-sectors, growth drivers and the evolution of the sector are also outlined.
- Recent trends show growth in production, IIP, capacity utilization and exports, indicating the sector is expanding. The government has implemented various policies to develop manufacturing and make India a global hub.
Manipur has a flourishing bamboo processing industry as it is one of India's largest bamboo producing states. It also has a strong handicrafts industry, being home to the highest number of handicraft units and artisans in North East India. Handlooms is the largest cottage industry in Manipur. The state has strong potential for border trade opportunities through Moreh town, which is India's only land route for trade with Myanmar and Southeast Asia. Manipur is also home to the Ema Bazaar, one of India's largest markets run exclusively by women. Due to its natural beauty and biodiversity, Manipur is a popular tourist destination known as the "Switzerland of the East".
The document provides an overview of the economy of Himachal Pradesh, India. Some key points:
- Himachal Pradesh has a strong economic growth rate, with its GSDP reaching Rs. 1.52 trillion (US$21.04 billion) in 2018-19 growing at 11.09% annually.
- The state has a diverse economy with key sectors being tourism, agriculture, and hydroelectric power. Agricultural production and tourism visitor numbers are increasing.
- Himachal Pradesh has a large hydroelectric power potential and is becoming a major hub for hydroelectricity in India, though only around 40% of its potential has been harnessed so far.
Gujarat has experienced high economic growth rates in recent years.
- Gujarat's GSDP grew at a CAGR of 13.55% from 2011-12 to 2016-17, reaching Rs. 11.62 trillion (US$ 173.24 billion) in 2016-17.
- The state's per capita GSDP increased from Rs. 101,075 (US$ 2,108) in 2011-12 to Rs. 178,043 (US$ 2,654) in 2016-17, registering a CAGR of 11.99%.
The document provides an overview of India's gems and jewellery sector. Some key points:
- India is a major player in global gems and jewellery trade, contributing about 7% to India's GDP and employing over 4.6 million people.
- India is the world's largest cut and polished diamond exporter, exporting over 75% of global polished diamonds. It also processes over $23 billion worth of diamonds annually.
- Exports of cut and polished diamonds and gold jewellery have registered steady growth in recent years. Imports have also increased at a CAGR of nearly 8% between 2004-2018.
- The sector is adopting strategies like expanding retail networks, providing financing options
The engineering and capital goods industry in India is growing rapidly. The turnover of the capital goods industry reached $70 billion in 2017 and is forecasted to reach $115.17 billion by 2025. Electrical equipment production is also growing and is expected to reach $100 billion by 2022, up from $27.3 billion in 2017-18. The engineering research and design segment is also expanding, with revenues projected to increase from $28 billion in FY18 to $42 billion in FY22. Growth is being driven by increasing industrialization, infrastructure development, and capacity expansion across various core sectors in India.
Major e-commerce players in India have adopted strategies like expanding into new categories like groceries and used goods, acquiring analytics startups to improve pricing and positioning, and launching ancillary services like payments, logistics and video streaming. They have also introduced subscription models and personalized experiences to provide extra benefits and tailor their offerings to individual customer needs and interests.
Delhi has experienced strong economic growth, with its gross state domestic product increasing at a compound annual growth rate of 12.41% between 2011-12 and 2018-19. The real estate sector has been an important contributor to the state's economy. Delhi also has a growing tourism industry, owing to its historical and cultural attractions. The state government is working to improve infrastructure and implement policies to facilitate industrial development and attract investment across various sectors.
Chhattisgarh has a strong mineral production base and is a leading producer of coal and iron ore in India. It is the only state that produces tin concentrates. The state has emerged as a preferred investment destination and has witnessed strong growth in the agriculture sector. Key sectors driving growth include minerals, power, agriculture and tourism. Chhattisgarh aims to further develop its infrastructure, promote industries and boost skill development to achieve its vision of becoming an industrialized state.
In a tight labour market, job-seekers gain bargaining power and leverage it into greater job quality—at least, that’s the conventional wisdom.
Michael, LMIC Economist, presented findings that reveal a weakened relationship between labour market tightness and job quality indicators following the pandemic. Labour market tightness coincided with growth in real wages for only a portion of workers: those in low-wage jobs requiring little education. Several factors—including labour market composition, worker and employer behaviour, and labour market practices—have contributed to the absence of worker benefits. These will be investigated further in future work.
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STREETONOMICS: Exploring the Uncharted Territories of Informal Markets throug...sameer shah
Delve into the world of STREETONOMICS, where a team of 7 enthusiasts embarks on a journey to understand unorganized markets. By engaging with a coffee street vendor and crafting questionnaires, this project uncovers valuable insights into consumer behavior and market dynamics in informal settings."
Every business, big or small, deals with outgoing payments. Whether it’s to suppliers for inventory, to employees for salaries, or to vendors for services rendered, keeping track of these expenses is crucial. This is where payment vouchers come in – the unsung heroes of the accounting world.
Vicinity Jobs’ data includes more than three million 2023 OJPs and thousands of skills. Most skills appear in less than 0.02% of job postings, so most postings rely on a small subset of commonly used terms, like teamwork.
Laura Adkins-Hackett, Economist, LMIC, and Sukriti Trehan, Data Scientist, LMIC, presented their research exploring trends in the skills listed in OJPs to develop a deeper understanding of in-demand skills. This research project uses pointwise mutual information and other methods to extract more information about common skills from the relationships between skills, occupations and regions.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
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This infographic explores the transformative power of Generative AI, a key driver of the 4th Industrial Revolution. Discover how Generative AI is revolutionizing industries, accelerating innovation, and shaping the future of work.
A toxic combination of 15 years of low growth, and four decades of high inequality, has left Britain poorer and falling behind its peers. Productivity growth is weak and public investment is low, while wages today are no higher than they were before the financial crisis. Britain needs a new economic strategy to lift itself out of stagnation.
Scotland is in many ways a microcosm of this challenge. It has become a hub for creative industries, is home to several world-class universities and a thriving community of businesses – strengths that need to be harness and leveraged. But it also has high levels of deprivation, with homelessness reaching a record high and nearly half a million people living in very deep poverty last year. Scotland won’t be truly thriving unless it finds ways to ensure that all its inhabitants benefit from growth and investment. This is the central challenge facing policy makers both in Holyrood and Westminster.
What should a new national economic strategy for Scotland include? What would the pursuit of stronger economic growth mean for local, national and UK-wide policy makers? How will economic change affect the jobs we do, the places we live and the businesses we work for? And what are the prospects for cities like Glasgow, and nations like Scotland, in rising to these challenges?
Economic Risk Factor Update: June 2024 [SlideShare]Commonwealth
May’s reports showed signs of continued economic growth, said Sam Millette, director, fixed income, in his latest Economic Risk Factor Update.
For more market updates, subscribe to The Independent Market Observer at https://blog.commonwealth.com/independent-market-observer.
Dr. Alyce Su Cover Story - China's Investment Leadermsthrill
In World Expo 2010 Shanghai – the most visited Expo in the World History
https://www.britannica.com/event/Expo-Shanghai-2010
China’s official organizer of the Expo, CCPIT (China Council for the Promotion of International Trade https://en.ccpit.org/) has chosen Dr. Alyce Su as the Cover Person with Cover Story, in the Expo’s official magazine distributed throughout the Expo, showcasing China’s New Generation of Leaders to the World.
2. Table of Content
Executive Summary……………………3
Advantage India………………………..4
Market Overview ………..……………..5
Recent Trends & Strategies....……..11
Growth Drivers and Opportunities……15
Investment Scenario...…….……….....18
Policies and Initiatives……….…….….19
Key Players……….……….......……...20
Case Studies……….………...........…21
Key Industry Organizations…………..26
Useful Information……….……….......28
3. For updated information, please visit www.ibef.orgAutomobiles3
EXECUTIVE SUMMARY
Sources: SIAM, OICA, Aranca research, Business Standard
Presence of established domestic and international original equipment manufacturers (OEMs).
Strong market in terms of both, the domestic demand and exports.
7th largest manufacturer of commercial vehicles
Growth of 8.85 per cent in sales of cars, utility vehicles and vans during calendar year 2017.
Automobile exports to grow at a CAGR of 3.05 per cent during 2016-2026.
Indian automotive industry (including component manufacturing) is expected to reach Rs 16.16-18.18
trillion (US$ 251.4-282.8 billion) by 2026.
4th largest automobile
market
Automobile sector split into four segments , each having few market leaders.
Two-wheelers and passenger vehicles dominate the domestic demand.
Two-wheelers account for 80 per cent of domestic demand.
Commercial vehicle segment expected to grow at 11.07 per cent between 2016-26.
Segmented Market
Exports grew at 4.3 per cent CAGR between FY12-17.
Two-wheeler production estimated to grow at 16 per cent CAGR between FY17-20.
Domestic sales of passenger vehicles expected to increase at a CAGR of 12.87 per cent between 2017-26
Strong policy support from government.
Indian auto industry is expected to see 8-12 per cent increase in its hiring during FY19.
Positive growth
prospects
4. For updated information, please visit www.ibef.orgAutomobiles4
ADVANTAGE INDIA
Sources: Automotive Mission Plan (2016–2026), Make in India, SIAM
Strong growth in demand due to rising
income, middle class, and a young
population.
Domestics ales of passenger vehicles
expected to increase at a CAGR of 12.87
per cent between 2016-26.
Utility vehicle sales increased 21.34 per
cent year-on-year in 2017-18*.
Cumulative vehicle sales in India is
estimated to have grown 13.5 per cent in
FY18.
Focus shifting on electric cars to reduce
emissions.
Innovation is likely to intensify among
engine technology & alternative fuels.
Government aims to build India into an
R&D hub.
India has significant cost advantages; auto
firms save 10-25 per cent on operations
vis-à-vis Europe & Latin America.
Cumulative FDI inflow of around US$
18.413 billion in automobiles sector
between April 2000 – December 2017.
Automotive Mission Plan : 2016-26 shows
clear vision of government.
The government aims to develop India as
a global manufacturing centre.
Reforms like GST to help boost the
sector’s growth.
ADVANTAGE
INDIA
Note: * up to February 2018
6. For updated information, please visit www.ibef.orgAutomobiles6
MARKET OVERVIEW
Sources: Tata Motors, Society of Indian Automobile Manufacturers (SIAM), Aranca Research
Indian government & Suzuki
formed Maruti Udyog and
commenced production in 1983
Component manufacturers
entered the market via JV
Buyer’s market
More than 35 market players
GST to support lower raw material
cost
Launch of Automotive Mission Plan
2016-26 in 2015
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
Closed market
5 players
Long waiting periods & outdated models
Seller’s market
Before
1982
2008
onwards
1992-20071983-1992
7. For updated information, please visit www.ibef.orgAutomobiles7
MARKET OVERVIEW
Automobile Sector
Commercial Vehicles Three-wheelersTwo-wheelers Passenger vehicles
Source: Aranca Research, Annual Report
Mopeds and electric
scooters
Scooters
Motorcycles
Utility Vehicles
Passenger cars
Multi-purpose
vehicles
Light commercial
vehicles
Medium & heavy
commercial vehicles
Passenger carriers
Goods carriers
8. For updated information, please visit www.ibef.orgAutomobiles8
MARKET OVERVIEW
Number of automobiles produced in India (in millions) Number of automobiles sold in India (in millions)
The automotive manufacturing industry comprises the production of commercial vehicles, passenger cars, three & two-wheelers.
Two-wheelers are by far the most popular form of vehicle in India, taking an 80 per cent share in 2015-16. India became the largest two-wheeler
market in the world after selling 17.7 million two-wheelers in 2016.
25.3 million automobiles produced in FY17.
Total production volume grew at a CAGR of 4.43 per cent during FY12-17 and increased 14.41 per cent year-on-year in April-February 2017-18.
Automobile exports from India increased 15.81 per cent year-on-year in April-February 2017-18. During the same period, two and three-wheelers
exports increased 20.30 per cent and 37.02 per cent, respectively.
17.4 17.8 18.4
19.7
20.5
21.9
0.0
5.0
10.0
15.0
20.0
25.0
FY12 FY13 FY14 FY15 FY16 FY17
Source: Society of Indian Automobile Manufacturers (SIAM)
20.4 20.6
21.5
23.4 24.0
25.3
26.4
0.0
5.0
10.0
15.0
20.0
25.0
30.0
FY12 FY13 FY14 FY15 FY16 FY17 FY18*
CAGR 5.5% CAGR 4.7%
Note: FY18* - up to February 2018
9. For updated information, please visit www.ibef.orgAutomobiles9
15
3
3
79
0 20 40 60 80 100
Passenger Vehicle
Commercial Vehicle
Three Wheelers
Two Wheelers
MARKET OVERVIEW
% Share of each segment in total production volume in FY17 Number of automobiles exported (in millions)
Two-wheelers and passenger vehicles dominate Indian auto market . Sales of two-wheelers are expected to grow 8-10 per cent in FY18
Overall automobile sales increased 22.77 per cent year-on-year to 2,111,383 units in February 2018.
Two-wheelers and passenger cars accounted for 79 per cent and 15 per cent of production volume in FY17 respectively.
Domestic passenger car sales are dominated by small and mid-size cars.
Over 67 per cent of export volumes comprised of two-wheelers, followed by 22 per cent for passenger cars.
Source: Society of Indian Automobile Manufacturers (SIAM)
2.9 2.9
3.1
3.6 3.6 3.5
0.0
0.5
1.0
1.5
2.0
2.5
3.0
3.5
4.0
4.5
FY12 FY13 FY14 FY15 FY16 FY17
CAGR 4.3%
10. For updated information, please visit www.ibef.orgAutomobiles10
Porter’s Five Force Framework Analysis
Source: Aranca Research
Low – Bargaining power of suppliers
is low as most of the auto component
manufacturers are specialised in
some segments related to only one
client.
Bargaining Power of Suppliers
Low – The threat from substitute
products continues to be low, with
public transportation being under
developed even in cities.
Threat of Substitutes
High – The competition has turned
more intense after the entry of foreign
players like Volkswagen and Ford
with their changed designs to cater to
Indian market.
Competitive Rivalry
Moderate – The threat of new
entrants is generally medium because
of the brand equity and capital
intensive nature of the business.
Threat of New Entrants
High – In a market, like India there is
lot of bargaining power available to
the customers as there are variety of
products available in the same range,
by different manufacturers.
Bargaining Power of Buyers
Positive Impact
Neutral Impact
Negative Impact
12. For updated information, please visit www.ibef.orgAutomobiles12
RECENT TRENDS
Sources: World Wealth Report (2011) of Merrill Lynch Wealth Management and Capgemini, Aranca Research, media sources
With sales of around 40,000 luxury cars in 2017, India became the 27th most attractive luxury market in the
world. Sale of luxury cars stood at 33,279 units in 2016. The luxury car market in India is expected to grow
at 25 per cent CAGR till 2020. BMW Group India recorded its highest ever annual sales in 2017 at 9,800
units. During Q1 2018. Mercedes-Benz India crossed 16,000 annual sales for the first time in 2017-18 and
sold 16,236 units after recording a 24.8 per cent year-on-year during January – March 2018.
Luxury Cars
Carmakers such as BMW, Audi, Toyota, Skoda, Volkswagen & Mercedes-Benz have started providing
customised finance to customers through NBFCs
Major MNC & Indian corporate houses are moving towards taking cars on operating lease instead of buying
them
New Financing Options
The Indian government has shifted its focus on electric cars in order to meet the emission reduction
targets.
Mahindra has launched its new electric car and Tesla motors is also set to enter the Indian market. Suzuki
Motors is setting up a battery plant in Gujarat. Electric buses from Tata Motors are in testing phase.
India's electric vehicle (EV) sales increased to 25,000 units during FY 2016-17 and are poised to rise
further on the back of cheaper energy storage costs and the Government of India’s vision to see six million
electric and hybrid vehicles in India by 2020.
Electric Cars
Ashok Leyland is planning to launch couple of light commercial vehicle variants, in every quarter of FY18.
In March 2017, Maruti Suzuki launched Baleno RS, a high performance hatchback car in the hatchback. In
September 2017, it brought Suzuki’s lubricant and car care brand Ecstar to India.
SAIC motors is planning to enter the Indian market, the first Chinese automotive company to do so.
Auto Expo 2018 witnessed 22 new product launches, 81 product unveilings and 18 concept showcases.
New Product Launches
13. For updated information, please visit www.ibef.orgAutomobiles13
RECENT TRENDS
Delhi–
Gurgaon–
Faridabad
Kolkata–
Jamshedpur
Chennai–
Bengaluru– Hosur
Mumbai–
Pune–Nashik–
Aurangabad
Ashok
Leyland
Force
Motors
Piaggio
Swaraj
Mazda
Amtek Auto
Eicher
Honda SIEL
Maruti
Suzuki
Tata Motors
Bajaj Auto
Hero Group
Escorts
ICML
JCB
Yamaha
Mahindra
Suzuki
Motorcycles
North
List of companies
Ashok
Leyland
Bajaj Auto
FIAT
GM
M&M
Eicher
Skoda
Bharat
Forge
Tata Motors
Volkswagen
Renault-
Nissan
John Deere
Mercedes
Benz
Tata Hitachi
Volvo Eicher
West
TataMotors
Hindustan
Motors
Simpson &
Co
International
Auto
Forgings
JMT
Exide
East
Ashok
Leyland
Ford
M&M
Toyota
Kirloskar
Volvo
Sundaram
Fasteners
Enfield
Hyundai
BMW
Bosch
TVS Motor
Company
Renault-
Nissan
TAFE
Daimler
Caterpillar
Hindustan
Motors
South
Sources: ACMA, Aranca Research
Over the past few years four specific regions in the country have become large auto manufacturing clusters, each present with a
different set of players.
14. For updated information, please visit www.ibef.orgAutomobiles14
RECENT STRATEGIES ADOPTED BY COMPANIES IN
INDIAN AUTOMOBILES SECTOR
Considering low cost of production, prominent auto companies are increasing their production capacity in
order to capture a dominant share in Indian automobile industry.
Most of the automobile companies are eyeing India as an outsourcing hub.
With the total investment of around US$ 163.7 million, Honda Motorcycle & Scooter India expanded its
production of Activa in three variants at Ahmedabad plant.
Volvo has started local assembly of its cars in India from October 2017.
A new engine assembly line is being set up by the Volkswagen group in Aurangabad.
Mahindra & Mahindra (M & M) is planning to make an additional investment of Rs 500 crore (US$ 77.23
million) for expanding the capacity for electric vehicles in its plant in Chakan.
Capacity Addition
Most of the firms including Ford & Volkswagen have adapted themselves to cater to the large Indian middle
class by dropping their traditional structure and designs.
This allows them to compete directly with domestic firms making the sector highly competitive.
Catering Indian needs
Honda is planning to launch three new car models in India by 2020 and will localise the engines to keep the
prices low.
Fiat Chrysler Automobiles India, launched its new Jeep brand Compass in February 2017, which is going
to be produced indigenously in Ranjangaon,, Maharashtra. India will be the 4th manufacturing hub,
globally, for the brand.
In March 2017, Tata Motors’ new sports car was unveiled, under its new sub brand – TAMO, at the Geneva
International Motor Show. The show will displayed niche segment models with advanced technologies
In January 2018, Ola announced plans to develop electric vehicles, including cars and auto-rickshaws for
the Indian market.
Launch of new models
Source: Media sources, Autocar India, Business Today
16. For updated information, please visit www.ibef.orgAutomobiles16
GROWTH DRIVERS
Rising income and a large young population .
Greater availability of credit and financing options.
Demand for commercial vehicles increasing due to high level of activity in infrastructure sector.
Growing demand
Clear vision of Indian government to make India an auto manufacturing hub.
Initiatives like ‘Make in India’, ‘Automotive Mission Plan 2026’, and NEMMP 2020 to give a huge boost to
the sector.
Policy Support
Improving road infrastructure.
Established auto ancillary industry giving the required support to boost growth.
5 per cent of total FDI inflows to India went into the automobiles sector.
Support infrastructure
and high investments
Gross turnover of automobile manufacturers in India (in US$ billion)
31
37 33
43
59
66 68
55
59
64
69
0
10
20
30
40
50
60
70
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 E 2017 E
Source: Society of Indian Automobile Manufacturers (SIAM), Aranca Research
Note: NEMMP – National Electric Mobility Mission Plan; E - estimate
17. For updated information, please visit www.ibef.orgAutomobiles17
OPPORTUNITIES
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.
Firms both national and foreign are increasing their footprints with over 1,165 R&D centres.
India is fast emerging
as a global R&D hub
Mahindra & Mahindra targeting on implementing digital technology in the business.
Bajaj Auto, Hero Honda & M&M plan to jointly develop a technology for 2-wheelers to run on natural gas.
Tata Motors to launch MiniCAT, a car running on compressed air,
By 2018, Hyundai is planning to enter the hybrid vehicles segment, to explore alternative fuel technology &
to avail the government incentives.
Opportunities for
creating sizeable
market segments
through innovations
General Motors, Nissan & Toyota announced plans to make India their global hub for small cars.
Passenger vehicle market is expected to touch 10 million units by 2020. Sales crossed the three million
milestone in FY17.
Strong export potential in ultra low-cost cars segment (to developing & emerging markets).
Maruti Suzuki launched facelift version of Alto 800, after the success of earlier model
Small-car
manufacturing hub
Sources: Automotive Mission Plan 20216-2026, media sources, Aranca Research
Note: NATRIP – National Automotive Testing and R&D Infrastructure Project
18. For updated information, please visit www.ibef.orgAutomobiles18
INVESTMENT SCENARIO
Sources: Company websites, media sources, Aranca Research, Autocar India
Planning to double its current investment level of about US$ 2.5 billion over the next five years
Aims to raise its market share to 10 per cent by FY19
To increase the Chennai Plant capacity to 400,000 units a year in a few years time
The company plans to launch 8 new car models in India by 2021
Nissan
Increased the plant capacity of 20,000 units per year in Chakan Plant, which is the largest for any luxury
car manufacturer in India.
Expansion of MIDC and MoU, and to invest US$ 244 million for capacity expansion in Chakan, Pune.
Mercedes-Benz
Toyota is planning to invest US$ 165 million on its new engine plants and projects.Toyota
Plans to invest US$ 1 billion in India by 2020.Hyundai
Indian automobile sector has seen huge investments from both domestic and foreign manufacturers. FDI inflows to the sector were US$ 18.413 billion
between April 2000 and December 2017.
Chinese state owned auto major, SAIC Motor has announced investment of over US$ 310 million in India.
It is expected to start operations in 2019. In March 2018, SAIC announced that its subsidiary MG Motor
India will invest Rs 5,000 crore (US$ 775.8 million) in India over the next six years.
SAIC
Note: MIDC – Maharashtra Industrial Development Corporation; MoU – Memorandum of Understanding
19. For updated information, please visit www.ibef.orgAutomobiles19
POLICIES AND INITIATIVES
Support from the Indian government in the form of new policies and initiatives has been crucial in development and growth of Indian
automobile sector.
Source: Aranca Research
Setting up of R&D centres at a total cost of US$ 388.5 million to enable the industry to be on par with global
standards.
Nine R&D centres of excellence with focus on low-cost manufacturing & product development solutions.
NATRiP
Planning to implement Faster Adoption & Manufacturing Of Electric Hybrid Vehicles (FAME) till 2020 which
would cover all vehicle segments, all forms of hybrid & pure electric vehicles. Under the scheme, the
Government of India is planning to provide grants of up to Rs 105 crore (US$ 16.33 million) to each of the
selected city with population of more than a million, for buying electric buses, cars and three-wheelers in
FY18. Additional funds will be provided for charging infrastructure.
The Government of India has shortlisted 11 cities in December 2017 to have electric vehicle based public
transportation systems under this scheme.
FAME
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) & 175 per cent from
125 per cent (outsourced).
Department of Heavy
Industries & Public
Enterprises
AMP 2026 targets a 4-fold growth in the automobiles sector in India which includes the manufacturers of
automobiles, auto components & tractor industry over the next 10 years.
The Automotive Mission
Plan 2016-26
(AMP 2026)
20. For updated information, please visit www.ibef.orgAutomobiles20
KEY PLAYERS
Each segment in the Indian automobiles sector has few established key players which hold major portion of the market.
Market leader in the passenger vehicles segment and held over 47 per cent market share in the segment in FY17.
The company recorded its highest ever sales of 1,779,574 units during 2017-18, an increase of 13.4 per cent over
2016-17.
Market leader in the commercial vehicles segment held 42 per cent market share in FY17.
Hero MotoCorp and Honda are the top two players in the two-wheelers segment, with market share of 38.33 per
cent* and 29.81 per cent* in February 2018. Hero MotoCorp recorded its highest ever monthly sales of 703,473
units, an increase of 19.7 per cent year-on-year.
Bajaj auto is a leader in passenger carrier segment with a 59.9 per cent market share and Piaggio Vehicles is the
leader in goods carrier segment with 49.7 per cent market share in FY17.
Source: Aranca Research, Autocar India
Note: *In terms of number of units sold
22. For updated information, please visit www.ibef.orgAutomobiles22
TATA MOTORS
Tata Motors revenue (US$ billion)
26.5
30.0
36.7
41.3
43.39 41.30
2.09 1.53 2.16 2.16 1.7 1.16
0.0
10.0
20.0
30.0
40.0
50.0
60.0
FY 12 FY13 FY14 FY15 FY16 FY17
Revenue PAT Linear (Revenue)
Tata Motors is part of the Tata group of companies
established in 1868.
Sales operations in over 175 countries.
The company employs over 60,000 people in India and other
locations.
Tata Motors has sold over 9 million vehicles in its operational
history.
It is a market leader in the commercial vehicle segment in
India with a 42 per cent market share in FY17 and also a key
player in the passenger vehicle segment.
The company has been at the forefront of technology and
innovation and launched the cheapest car in the world .
The company recorded 23 per cent growth in 2017-18 by
selling 586,639 commercial and passenger vehicle units.
Source: Company website, Annual Report
23. For updated information, please visit www.ibef.orgAutomobiles23
TATA MOTORS: MILESTONES
Sources: Company Website, Annual Report
Note: CV – Commercial Vehicle
Launch of the 1st
indigenous CV
Launched Tata Nano, the
cheapest car in the world
Consolidated revenue for
FY17 is US$ 41.3 billion
Acquisition of
Jaguar Land Rover
Establishment of Tata
Engineering & Locomotives
1945 2017
200920081982
24. For updated information, please visit www.ibef.orgAutomobiles24
MARUTI SUZUKI
Maruti Suzuki consolidated revenue (US$ billion) Maruti Suzuki is a majority owned subsidiary of Japanese
conglomerate Suzuki.
The company started in Gurgaon, Haryana as a partnership
between the Indian government and was known as Maruti
Udyog Limited..
It is now the undisputed market leader in the passenger
vehicles segment in India with a market share of 47 per cent
in FY17.
The company had a consolidated revenue of US$ 10.30 billion
in FY17.
The company has made the most affordable cars for the
Indian middle class for more than three decades.
New models are being launched each year to hold the
position of the leader in its home market.
The company posted total income of US$ 3.02 billion in Q3
2017-18.
The company recorded its highest ever sales of 1,779,574
units during 2017-18, an increase 13.4 per cent over 2016-17
Source: Company website, Annual Report
5.36
6.58 6.58
7.50
8.70
10.30
0.25 0.37 0.43 0.57 0.71
1.13
0.00
2.00
4.00
6.00
8.00
10.00
12.00
FY 12 FY13 FY14 FY15 FY16 FY17
Revenue PAT Linear (Revenue)
25. For updated information, please visit www.ibef.orgAutomobiles25
MARUTI SUZUKI: MILESTONES
Source: Company website, Annual Report
India's first luxury
sedan, Maruti 1000,
launched
Renamed Maruti Suzuki India
Limited
Consolidated revenue for
FY17 is US$ 10.3 billion
Expansion with
launch of 3rd
manufacturing plant.
The first lot of Maruti cars
assembled
20161983 1990 1999 2007
29. For updated information, please visit www.ibef.orgAutomobiles29
GLOSSARY
CAGR: Compound Annual Growth Rate
CV: Commercial Vehicle
FDI: Foreign Direct Investment
FY: Indian Financial Year (April to March)
• So FY17 implies April 2016 to March 2017
GOI: Government of India
HCV: Heavy Commercial Vehicle
INR: Indian Rupee
LCV: Light Commercial Vehicle
OEM: Original Equipment Manufacturers
SIAM: Society of Indian Automobile Manufacturers
30. For updated information, please visit www.ibef.orgAutomobiles30
EXCHANGE RATES
Exchange Rates (Fiscal Year) Exchange Rates (Calendar Year)
Year INR INR Equivalent of one US$
2004–05 44.81
2005–06 44.14
2006–07 45.14
2007–08 40.27
2008–09 46.14
2009–10 47.42
2010–11 45.62
2011–12 46.88
2012–13 54.31
2013–14 60.28
2014-15 61.06
2015-16 65.46
2016-17 67.09
2017-18 64.45
Year INR Equivalent of one US$
2005 43.98
2006 45.18
2007 41.34
2008 43.62
2009 48.42
2010 45.72
2011 46.85
2012 53.46
2013 58.44
2014 61.03
2015 64.15
2016 67.21
2017 65.12
Source: Reserve Bank of India
31. For updated information, please visit www.ibef.orgAutomobiles31
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