Automobile Industry in India, Indian Automobile Industry, Sector, Trends, Statistics
Transcript of Automobile Industry in India, Indian Automobile Industry, Sector, Trends, Statistics
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Automobile Industry in India
Last Updated: April 2013
Introduction
The Indian automotive industry has emerged as a 'sunrise sector' in theIndian economy. India is emerging as one of the world's fastest growingpassenger car markets and second largest two wheeler manufacturer. It isalso home for the largest motor cycle manufacturer and fifth largestcommercial vehicle manufacturer.
India is emerging as an export hub for sports utility vehicles (SUVs). Theglobal automobile majors are looking to leverage India's cost-competitivemanufacturing practices and are assessing opportunities to export SUVs to
Europe, South Africa and Southeast Asia. India can emerge as a supplyhub to feed the world demand for SUVs.
India also has the largest base to export compact cars to Europe.Moreover, hybrid and electronic vehicles are new developments on theautomobile canvas and India is one of the key markets for them. Global andIndian manufacturers are focussing their efforts to develop innovativeproducts, technologies and supply chains.
The automotive plants of global automakers in India rank among the topacross the world in terms of their productivity and quality. Top automultinational companies (MNCs) like Hyundai, Toyota and Suzuki rank theirIndian production facilities right on top of their global pecking order.
Key Statistics
The amount of cumulative foreign direct investment (FDI) inflow into theautomobile industry during April 2000 to January 2013 was worth US$7,653 million, amounting to 4 per cent of the total FDI inflows (in terms ofUS$), as per data published by Department of Industrial Policy andPromotion (DIPP), Ministry of Commerce.
The Indian small and light commercial vehicle segment is expected to morethan double by 2015-16 and grow at 18.5 per cent compound annualgrowth rate (CAGR) for the next five years, according to a report titled,'Strategic Assessment of Small and Light Commercial Vehicles Market inIndia' by Frost & Sullivan.
The light commercial vehicles (LCV) market - both passenger and goodscarrier is estimated to register a sales growth of around 20 per cent duringFY 2012-FY 2015, as per a RNCOS report titled, "India LCV Market
Outlook".
India is the world's second-largest heavy commercial vehicle market. TheRNCOS report, "India MCV and HCV Market Outlook", observed thatinfrastructure boom and emergence of hub and spoke model, among otherfactors have given a new dimension to the medium and heavy goods carriercommercial vehicles' sector in India. It is anticipated that the sales ofmedium and heavy commercial (M&HC) goods carriers will increase at aCAGR of more than 10.5 per cent during 2011-12 to 2014-15.
In another RNCOS research report, "Indian Automobile Sector Analysis",the production of passenger vehicle is forecast to grow at a CAGR ofaround 11 per cent from 2009-10 to 2012-13, and domestic volume sales ata CAGR growth of around 12 per cent.
SECTOR REPORT:
Automobiles
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Related Websites
Automotive ComponentManufacturers ofIndia(ACMA)
Society of IndianAutomobileManufacturers(SIAM)
Automotive Research
Association of India(ARAI)Automobile Association ofSouthern India (AASI)
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Major Developments & Investments
Yamaha Motor Co (YMC) has announced to set up its fifth globalresearch and development (R&D) centre at its Greater Noida facilityHonda Cars India Ltd (HCIL) plans to invest Rs 2,500 crore (US$462.11 million) at its Tapukara plant in Rajasthan. The companyplans to set up a new assembly line for car with an installed annualcapacity of 120,000 unitsIsuzu Motors plans to set up its greenfield manufacturing facility inAndhra Pradesh (AP), for pickup trucks or LCV and SUV, with aninvestment of Rs 1,500 crore (US$ 277.26 million) over 5-7 years
Volvo plans to expand car operations in India. The company looksto drive in new models in the market apart from increasing its salesnetworkGlobal ultra-luxury car maker, Rolls-Royce Motor Cars, plans tolaunch exclusive 'India Edition' cars in 2013. The car maker wouldcome up with a customised edition of its Phantom and Ghostmodels for Indian buyersEscorts Ltd has inked a partnership with Italy-based BCS SpA todistribute and sell the speciality Ferrari brand of tractors in IndiaTVS Motor and BMW AG's motorcycle division have announced adeal to jointly develop bikes that would give the Indian automakeraccess to BMW technology. TVS Motor and BMW will developmotorcycles in the sub 500 cc segmentBajaj Auto and Kawasaki Heavy Industries plan to take theirpartnership to Indonesia, under which select Bajaj products will be
assembled at the Kawasaki facility and distributed through itsnetworkBajaj Auto also plans to become the first Indian automobilecompany to manufacture a street bike, with a made in Indiamotorcycle tag, in the US. The Indian company will manufacture thisproduct for its partner KTM AG
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Disclaimer: This information has been collected through secondary researchand IBEF is not responsible for any errors in the same.
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