Abstract
De-licensing in 1991 put the Indian automobile industry on a new growth
trajectory, which attracted foreign auto giants to set up their production
facilities in the country to take advantage of various benefits it offers.
Large middle class population, growing earning power and strong technological
capability have been boosting automobile demand for past few years. Despite
economic slowdown, the Indian automobile sector is expected to see high growth
in coming years, especially in passenger cars segment, said our new research
report, “Indian Automobile Sector Analysis”.
The passenger vehicle market, which constitutes around 80% of automobile
sales, has immense growth potential as passenger car stock stood at around 11
per 1,000 people in 2008. Anticipating the future market potential, the
production of passenger vehicle is forecasted to grow at a CAGR of around 10%
from 2009-10 to 2012-13.
The recent launch of Tata Nano has brought about a new revolution in the
country' s small car segment. Seeing the good initial response from consumers,
many other players in the industry are chalking out their plans to launch cars
in this segment in the next few years. Our research foresees a CAGR growth of
around 14.5% in domestic volume sales of passenger vehicles during the
forecast period. Other segments, such as two-wheelers, multi-purpose vehicle
and light commercial vehicle, are also expected to witness fast growth in
coming years.
The report covers various aspects of the Indian automobile market and gives
detailed analysis of its various segments such as passenger vehicle,
commercial vehicle, utility vehicles, multi-purpose, two wheelers and three
wheelers. Each section succinctly explains the current and future market
trends, and developments in the Indian automobile market. There are immense
opportunities for various industry players including automobile manufacturers
and players of automobile components.
Besides, we have also comprehensively analyzed the auto component industry and
its future outlook. The study has evaluated growth avenues available for the
automobile market, which include automotive design market, non-conventional
vehicle market, domestic tyre industry, India as global manufacturing hub,
green car market etc.
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