India Automotive Market Review
India automotive market review - forecasts to 2014
In 2008/09, India’s automotive industry generated a turnover of US$55bn. This included vehicle sales of US$36bn and component, tyre and aftermarket sales of US$19bn. In value terms, passenger cars accounted for 45% of industry turnover, while commercial vehicles accounted for 27%. The balance was attributed to two wheelers and three wheelers.
Most global OEMs already have a presence in India, however, the supply base is still restricted. A key reason behind the relatively smaller presence of global suppliers is low production volumes. Maruti Suzuki, Hyundai and Tata Motors together account for 76% of the passenger car market (in terms of volume). Hence, suppliers with strong linkages to South Korean and Japanese OEMs find it easy to procure orders.
By 2015/16, automotive industry turnover in India is expected to reach US$150-200bn.
This brand new report from just-auto takes a look at this growing and important automotive market, covering key market drivers, vehicle sales trends by segment and manufacturer, export trends and sales forecasts. The report also reviews the OEMs and suppliers most active in the market.
With over 40 charts and tables, this report provides a comprehensive analysis and overview of the Indian auto market.
View the full table of contents and a sample of the report here too.
Here’s a chapter-by-chapter breakdown:
Following Chapter 1′s Introduction, Chapter 2 Key market drivers looks at the following major market drivers:
passenger car market penetration;
price sensitivity and positioning;
fuel prices;
high market growth rates;
taxation;
increasing urbanisation levels;
strong domestic consumption;
demographic trends;
vehicle finance and:
infrastructure development.
Chapter 3 Light vehicle sales trends
Here, the report analyses historic passenger car sales by segment, offering data from 2004 to 2008. Manufacturer market shares by segment are also provided.
Chapter 4 Light vehicle export trends
Using India as an export hub is beneficial because of its low labour and engineering costs. Actual export volumes of vehicles are considerably below potential numbers, however, due to component quality issues and lack of shipping facilities. Moreover, most OEMs have focused largely on establishing a domestic market first.
This chapter provides vehicle export units from 2004 to 2008.
Chapter 5 Commercial vehicle sales trends
The commercial vehicle market in India is dominated by Tata Motors and Ashok Leyland. Together they account for 85% of commercial vehicle sales.
Commercial vehicle production and sales in units is provided from 2004 to 2008.
Chapter 6 Commercial vehicle export trends
Demand for commercial vehicles weakened in 2008 following the emergence of the global financial crisis. Export data is provided from 2004 to 2008.
Chapter 7 Vehicle sales forecasts
Between 2009 and 2014 the Indian passenger vehicle and UV industry is expected to register a CAGR of 9%. This chapter provides forecasts in units (from 2009 to 2014) and annual growth/decline for all major vehicle segments.
Commentary including key future model production and factors likely to affect the trends are provided throughout the chapter.
Chapter 8 OEM profiles
Lengthy profiles are provided for all major vehicle manufacturers active in India.
Coverage includes details of new and planned models from each OEM.
Chapter 9 Supplier profiles
Here, we review the latest OEM supplier activity in India, providing updates of new ventures and business partnerships.
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