The document discusses the Indian automotive sector and the impact of the Union Budget of 2013. It provides an overview of the evolution and current state of the automotive industry in India. The SWOT analysis highlights strengths like foreign investments but also weaknesses such as low quality and labor productivity. The budget was expected to provide incentives but ended up disappointing the sector. While excise duties increased for some vehicles, exports saw no relief. The conclusion covers both the growth of the industry, contributing significantly to GDP and employment, but also challenges around fuel prices, policies and infrastructure.
Can Vietnamese Vinfast rise to the stars? Learnings from Proton’s failure in ...Jonathan Zimmermann
In both, Japan and South Korea, the Automotive industry was one of the major sectors for fast economic development with the help of targeted government support and intervention – is this concept replicable in other now developing countries in South East Asia?
Note: Built in the context of an INSEAD group project for a class
India is emerging as global hub for auto component sourcing
Relative to competitors, India is geographically closer to key automotive markets like the Middle East and Europe. Tese are the major advantages for India to grow in automotive industry.
ASEAN is now poised as the hotspot for global automotive manufacturing, with much credit given to Indonesia. The increasing number of Original Equipment Manufacturers (OEMs) has played a pivotal role in driving the demand in the automotive industry. With that in mind, the South East Asia Automotive Summit 2014 gathered key industry stakeholders, such as global car OEMs, government bodies, associations, as well as manufacturing solutions providers and consultants, to discuss the market outlook and potential business opportunities present in the automotive industry in Indonesia
Doing business in India (special focus: Indian Automotive Industry)Ratna Chatterjee
What is India ?
What is the profile of an Indian Consumer ?
What is it to do business in India ?
What is Make-in-India ?
What is the Indian Automotive Industry ?
Market Research Report : Auto ancillary market in india 2014 - SampleNetscribes, Inc.
For the complete report, get in touch with us at: info@netscribes.com
Abstract :
The report highlights the analysis of the drivers and explains the factors for growth of the industry. Growing Automotive industry, the auto after market demand, the healthy economic outlook also opportunities from new US IT Compliance Law, are the key drivers of this market. Auto makers are placing bulk orders for supply of auto parts to the auto parts manufacturers. India is also an attractive destination for the foreign investors with consistently increasing FDI in the automobile sector. The original equipment manufacturers (OEMs) and the aftermarket or replacement market are the two prime source of demand for auto components in India but Strong aftermarket provides better sales stability and higher operating margins than an OEM.
There are various challenges too that the Auto Ancillary industry faces, Rising labor costs, Counterfeit Market, Technical Inefficiency and depreciating currency are the major challenges faced by the auto ancillary industry. Rise in steel prices further adds to the cost disadvantage as steel is a primary raw material for the auto ancillary industry. Organized sector facing serious threats from rapidly growing counterfeit market in India, Fake auto parts hold a considerable amount of share of the total aftermarket. Since the finishing and packaging of fake parts closely replicate the original products, consumers fail to differentiate between the fake and original parts. Depreciating currency has adverse impact on the imports resulting in declining profits for the import dependent auto parts manufacturers. However, on the positive side, it has increased the cost-competitiveness of exports and also OEMs will look towards sourcing from local players due to higher price of imports
Government has plans of setting up the National Automotive Board (NAB) which will act as a catalyst between the government and the auto parts industry. Auto Component manufacturing companies should identify the long term growth pockets and enhance global competitiveness accordingly. They should diversify into adjacent fields of business, such as defense, construction, farm implements etc. They should also cooperate with government to enhance country competitiveness.
Table of Contents :
Slide 1: Executive Summary
Macro Economic Indicators
Slide 2: GDP at Factor Cost: Quarterly (2010-11 - 2013-14), Inflation Rate: Monthly (Jul-Dec 2013)
Slide 3: Gross Fiscal Deficit: Monthly (Feb 2013 - Jul 2013), Exchange Rate: Half Yearly (Oct 2013- Mar 2014)
Slide 4: Lending Rate: Annual (2008-09 - 2011-12), Trade Balance: Annual (2010-11 – 2013-14), FDI Annual (2009-10 - 2012-13)
Market Overview
Slide 5: Auto Ancillary Market – Transition
Slide 6: Auto Ancillary Market – Overview
Slide 7: Auto Ancillary Market – Market Size & Growth (2008-18), Market Segmentation - Sector wise
Slide 8: Auto Ancillary Market – Contribution to Employment Generat
Can Vietnamese Vinfast rise to the stars? Learnings from Proton’s failure in ...Jonathan Zimmermann
In both, Japan and South Korea, the Automotive industry was one of the major sectors for fast economic development with the help of targeted government support and intervention – is this concept replicable in other now developing countries in South East Asia?
Note: Built in the context of an INSEAD group project for a class
India is emerging as global hub for auto component sourcing
Relative to competitors, India is geographically closer to key automotive markets like the Middle East and Europe. Tese are the major advantages for India to grow in automotive industry.
ASEAN is now poised as the hotspot for global automotive manufacturing, with much credit given to Indonesia. The increasing number of Original Equipment Manufacturers (OEMs) has played a pivotal role in driving the demand in the automotive industry. With that in mind, the South East Asia Automotive Summit 2014 gathered key industry stakeholders, such as global car OEMs, government bodies, associations, as well as manufacturing solutions providers and consultants, to discuss the market outlook and potential business opportunities present in the automotive industry in Indonesia
Doing business in India (special focus: Indian Automotive Industry)Ratna Chatterjee
What is India ?
What is the profile of an Indian Consumer ?
What is it to do business in India ?
What is Make-in-India ?
What is the Indian Automotive Industry ?
Market Research Report : Auto ancillary market in india 2014 - SampleNetscribes, Inc.
For the complete report, get in touch with us at: info@netscribes.com
Abstract :
The report highlights the analysis of the drivers and explains the factors for growth of the industry. Growing Automotive industry, the auto after market demand, the healthy economic outlook also opportunities from new US IT Compliance Law, are the key drivers of this market. Auto makers are placing bulk orders for supply of auto parts to the auto parts manufacturers. India is also an attractive destination for the foreign investors with consistently increasing FDI in the automobile sector. The original equipment manufacturers (OEMs) and the aftermarket or replacement market are the two prime source of demand for auto components in India but Strong aftermarket provides better sales stability and higher operating margins than an OEM.
There are various challenges too that the Auto Ancillary industry faces, Rising labor costs, Counterfeit Market, Technical Inefficiency and depreciating currency are the major challenges faced by the auto ancillary industry. Rise in steel prices further adds to the cost disadvantage as steel is a primary raw material for the auto ancillary industry. Organized sector facing serious threats from rapidly growing counterfeit market in India, Fake auto parts hold a considerable amount of share of the total aftermarket. Since the finishing and packaging of fake parts closely replicate the original products, consumers fail to differentiate between the fake and original parts. Depreciating currency has adverse impact on the imports resulting in declining profits for the import dependent auto parts manufacturers. However, on the positive side, it has increased the cost-competitiveness of exports and also OEMs will look towards sourcing from local players due to higher price of imports
Government has plans of setting up the National Automotive Board (NAB) which will act as a catalyst between the government and the auto parts industry. Auto Component manufacturing companies should identify the long term growth pockets and enhance global competitiveness accordingly. They should diversify into adjacent fields of business, such as defense, construction, farm implements etc. They should also cooperate with government to enhance country competitiveness.
Table of Contents :
Slide 1: Executive Summary
Macro Economic Indicators
Slide 2: GDP at Factor Cost: Quarterly (2010-11 - 2013-14), Inflation Rate: Monthly (Jul-Dec 2013)
Slide 3: Gross Fiscal Deficit: Monthly (Feb 2013 - Jul 2013), Exchange Rate: Half Yearly (Oct 2013- Mar 2014)
Slide 4: Lending Rate: Annual (2008-09 - 2011-12), Trade Balance: Annual (2010-11 – 2013-14), FDI Annual (2009-10 - 2012-13)
Market Overview
Slide 5: Auto Ancillary Market – Transition
Slide 6: Auto Ancillary Market – Overview
Slide 7: Auto Ancillary Market – Market Size & Growth (2008-18), Market Segmentation - Sector wise
Slide 8: Auto Ancillary Market – Contribution to Employment Generat
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.
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As a business owner in Delaware, staying on top of your tax obligations is paramount, especially with the annual deadline for Delaware Franchise Tax looming on March 1. One such obligation is the annual Delaware Franchise Tax, which serves as a crucial requirement for maintaining your company’s legal standing within the state. While the prospect of handling tax matters may seem daunting, rest assured that the process can be straightforward with the right guidance. In this comprehensive guide, we’ll walk you through the steps of filing your Delaware Franchise Tax and provide insights to help you navigate the process effectively.
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A personal brand exploration presentation summarizes an individual's unique qualities and goals, covering strengths, values, passions, and target audience. It helps individuals understand what makes them stand out, their desired image, and how they aim to achieve it.
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5. 5
Indian automobile history
Before independence car
were imported in India
In 1942 Hindustan Motors Ltd
incorporated
In 1944 Premier Automobiles
Ltd incorporated
In 1983 Maruti Udyog ltd was
started in collaboration with
Suzuki
6. 6
Post globalization
In 1991 new industrial
policy was announced
radical changes being
made bearing on
trade, foreign
investment, exchange
rate, industry, fiscal
affairs
death of the License
Raj and the
Automobile Industry
was allowed to
expand
Mass
Emission
standard
National
Highway
policy
8. 8
Current market situation
The Indian automotive industry has emerged as a
'sunrise sector' in the Indian economy
India is the second fastest growing automobile
market in the world after China
Car segment is growing @ 19% annually
but is now seeing flat or negative growth rate
Stands 1 in two-wheeler sector
9. 9
Key Indian companies
Company name Product
manufactured
Manufacturing location Total turnover
In blln USD $
TATA Cars, CVs Pune, Jamshedpur,
Ahmedabad
27.6
Maruti suzuki cars Gurgaon 7.5
M&M CVs Nasik, Zahirabad, chennai 7.4
Hero moto corp motorcycles Gurgaon 3.9
Bajaj auto motorcycles Pune, Pantnagar,
Aurangabad
3.39
Ashok Leyland CVs Hosur, Pantnagar,Alwar 2.5
10. 10
Foreign AM companies in INDIA
Nearly all OEMs are present in INDIA with substantial investment
11. 11
MAIN SEGMENTS IN THE INDIAN
AUTOMOTIVE INDUSTRY
1. Passenger vehicles:
I. Cars and buses
2. Commercial vehicles:
I. Light commercial vehicles – Goods carrier
II. Multi Utility Vehicles, Sports Utility and mini vans
III. Heavy commercial vehicles – Trucks, Tempo,
IV. Tractor and Tipper/Dumper
3. Three wheelers:
I. Rickshaws, Trolleys, Delivery Vans and Tipper
4. Two wheelers:
I. Scooters, Motorcycles and Mopeds
16. 16
Strengths Weakness
Investments by foreign car
manufacturers
Increase in the export levels
Low cost and cheap labor
Rise in the working and middle
class income
Increasing demand for
European quality
Large pool of engineers
Low quality compared to other
automotive countries
Low labor productivity
High interest rate and
overhead level
Production cost are generally
higher than some other Asian
states, such as China
Low investment in R&D area
17. 17
Opportunities Threats
Growing population in the
country
Focus from the government in
improving the road
infrastructure
Rising living standards
Increase in income level
Better car technology is
demanded
Rising rural demand
Less skilled labor
Lack of technologies for Indian
companies
Increase in the import tariff and
technology cost
Imports of two wheelers from
the Chinese market in India
Smaller players that do not
fulfill international standards
Increased congestion in the
urban areas
21. 21
Budget impact - negative
I. Budget 2013‐14 disappointed automobile sector.
II. It was clearly ignored by the policy makers.
III. It was expecting some relief in terms of:-
a) Export soaps.
b) Reduction in excise duty.
c) Higher depreciation allowance.
d) Deduction for R&D expenses.
IV. Automobile sector is a job multiplier sector.
V. Apart from OEMs, auto component industry, motor insurance industry
and other related industries provide millions of job.
VI. Opportunities:-important sector to focus and give incentive in
domestic market
but also to be competitive from export point of view.
22. 22
BUDGET 2012-13 – OVER ALL
POSITIVE FOR GROWTH
No levy of additional specific excise duty on diesel vehicles, contrary to
the expectations.
Basic excise duty hiked from 10% to 12%.
Excise duty on large cars (SUV’s & MUV’S ) increased by 2% to 24%.
Removal of specific duty of Rs.15000, set off with an additional duty of 3%,
taking the total duty for large cars at 27%.
Hike on imported duty from 60% - 75% for assembled SUV’s and MUV
costing more than Rs 20 lakhs.
Increase in custom duty from 10% - 30% on bicycles and from 10% - 20%
on bicycle parts.
25. 25
CONCLUSION:
The industry has recorded phenomenon
growth during the last decade.
Contributing 4.5% to GDP
Third largest exporter of automobile
resource availability , skilled manpower huge
pool of middle class are major driver’s
Employing more than 10 million people
26. 26
CONCLUSION:
Challenges
-petrol price hikes
-regulatory policies
-infrastructure
Stands 128 on doing business index
In 2020 India will produce 40000 vehicle, &
become worlds largest manufacturer
Renewable resources can be used