Global market review of automotive glazing systems - forecasts to 2016
In this sixth edition of just-auto’s glazing report, we review the key market drivers for automotive glazing, and update the report’s market analysis.
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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.
Tyre industry production grew dramatically during FY’10 as compared to previous fiscals due to improving demand and expanding production capacity. The industry saw marginal growth of just 1% during FY’09 due to the impact of economic recession and decline of OEM production. The industry produced close to 97 Million tyres across various segments during FY’10 as compared to 82 Million tyres during FY’09. The replacement segment, which constitutes more than 60% of the industry and is a key focus area for tyre manufacturers, due to the higher margins it offers, is expected to continue its rapid growth, due, in part, to the high growth in vehicle sales over the last few years.
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