``Indian Automobile Sector - a Booming Market,'' a Market Research Report, Focuses on the Growing Indian Auto Market
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DUBLIN, Ireland--Research and Markets (http://www.researchandmarkets.com/reports/c62596) has announced the addition of “Indian Automobile Sector - A Booming Market” to their offering.
"Indian Automobile Sector - A Booming Market", a market research report, focuses on the growing Indian auto market. This report helps clients to analyze the leading-edge opportunities and the driving factors that are critical for the success of auto industry in India. Detailed market analysis helps the potential investors to plot a route through the evolving Indian auto industry.
Indian Auto Industry
Allowance of 100% FDI in Indian auto industry in 2002 made the industry easily accessible and attractive for the global players. Japanese, Korean, European, and American OEMs entered the Indian market and added more than 1 Million four-wheelers during 2005-06.
Indian 2-wheeler industry is the second largest in Asia after China. The production of 2-wheelers grew at a CAGR of 14.6% from FY2001 to FY 2006. In passenger car segment, most of the Indians still prefer fuel-economic compact cars, but rise in disposable incomes has opened the roads for luxury cars too in India.
Despite impressive growth, automobile penetration rate is still low in India. As India is an economically growing country, there exists a huge untapped growth potential for the automobile manufacturers.
Key Findings
- It is expected that per head disposal income in India will grow at CAGR of 12.11% from fiscal year (FY) 2007 to FY 2010. It is likely to boost purchasing powers of population, and consequently, the sale of motorcycles and compact cars will increase.
- Car stock per 1000 population is expected to increase at a CAGR of 9.14% during the forecasted period from FY2007 to FY2010.
- New passenger car registration is expected to grow at a CAGR of 11.41% during the forecasted period.
- In commercial vehicles segment, light commercial vehicles are expected to register a higher growth rate than the heavy and medium commercial vehicles from FY2007 to FY 2010.
- India had the lowest penetration rate of motorcycles in comparison to Indonesia, Thailand and Malaysia in 2005, indicating good growth prospects for the motorcycle manufacturers.
Key Issues and Facts
- Where does the Indian automobile production stand relative to world level and Asian level (2006)?
- What are the sales of passenger cars in different Asian countries?
- What is the country-wise automobile production and sales in Asia?
- How attractive is Indian automobile industry?
- What is the automobile consumption pattern in India?
- What are the driving factors for the Indian automobile industry?
- What opportunities and challenges are there for the automobile manufacturers in India?
- What will be the future scenario of Indian automobile industry?
Key Players
This section provides an overview of the key players in the Indian auto industry such as Maruti Udyog Limited, Tata Motors Limited, Hyundai Motor India Limited, Mahindra & Mahindra Limited, Hero Honda Motor Limited, Bajaj Auto Limited and TVS Motor Company Limited.
Research Methodology Used
Information Sources
The information has been compiled from various authentic and reliable sources like Books, Newspapers, Trade Journals and White papers, Industry portals, Government Agencies, Trade associations, Monitoring Industry News and developments, and Access to more than 3000 paid databases.
Analysis Method
Methods like Historical Trend Analysis, Linear Regression Analysis using software tools, Judgmental Forecasting and Cause and Effect Analysis have been used in the report for a prudent analysis.
Companies Mentioned:
- Maruti Udyog Limited
- Tata Motors Limited
- Hyundai Motor India Limited
- Mahindra & Mahindra Limited
- Hero Honda Motor Limited
- Bajaj Auto Limited
- TVS Motor Company Limited
For more information, visit http://www.researchandmarkets.com/reports/c62596