Since, 1991 opening of the economy has changed the face of auto industry.
Today, it is amongst the main drivers of growth of Indian economy with an
output multiplier of 2.24(for every Re.1 invested, auto sector gives back
Rs.2.24 to the economy.
In recent years we have seen increasing number of global players entering
Indian market by way of Joint ventures, collaborations or wholly owned
subsidiary. Sudden interest of major global players has made Indian auto
industry very competitive as India provides twin benefit of ready market and
Low cost manufacturing base for them.
Indian Automobile sector is high on growth trajectory. Based on RNCOS
estimates, the total sales (domestic + exports) for FY06 will touch 10 million
marks of which Commercial Vehicle Segment will contribute maximum. According
to auto industry experts Indian Automobile sales will grow at a CAGR of 9.5%
to 13008 million by 2010 from current 8.45 million units in FY05. To tap this
large opportunity, Indian Automobile companies and global automotive giants
have announced huge expansion plans and are seeking answers for some critical
questions like
- How do different automobile companies compare with each other?
- What is driving the demand for automobile industry?
- What is the Government policy initiatives and how they impact your
business?
- What are the emerging trends in the Automobile industry?
- How are the different competitive forces likely to behave in short to
medium term and their impact on your business?
- What different strategies to be taken to enter Indian market?
We have attempted to answer these questions, through the RNCOS Industry
Information Service on Auto Industry. We believe that our analysis and outlook
of Indian Automobile industry would serve as a key input for your business
decisions and performance evaluation.
The market research report by RNCOS provides a detailed analysis of
competition in the industry, the future prospects, opportunities and
roadblocks in the growth of the Auto sector. This report gives an insight into
the Indian Automobile sector with respect to recent trends and happenings.
RNCOS has undertaken porters Five Forces Analysis to evaluate the auto
industry on the level of competition. Apart from inter industry rivalry there
are other forces also with which company competes in a business environment.
This report provides a detailed porter analysis for the benefit of industry
participants to analyze their competition and help them in better
decision-making.
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