General Motors and China’s SUV market Performance: China is the world’s largest market for the automobile industry and also the largest market for the US leader General Motors. GM is second only to the German Volkswagen in China in terms of sales volume. Thus, the stakes are high but growth is slowing down as the Chinese economy is growing at its slowest pace in two decades. General Motors offers various brands in China including Chevrolet, Buick, Cadillac, Baojun, Wuling etc. Together with its partners, the company has sold a record 2,197,192 vehicles in China during the first eight months of this year.
In the year 2006, japan was the highest producer of automobiles till the year 2009. Economy On planet earth there were about 805 million cars and light trucks on the road in the year 2007, consuming a little over 980 billion litres of gasoline and diesel fuel on a yearly basis. The automobile is a primary mode of transportation for many developed economies. According to the Detroit branch of
Introduction: Industry Analysis India’s passenger car industry has been growing at a robust pace fuelled by a rapid increase in disposable household incomes. In June 2014, the domestic passenger vehicle (PV) industry observed a sales volume of, 218,828 units. It observed a growth rate of 11.2% YoY. The last time the industry had experienced double-digit volume growth was in the month of October 2012. The car/passenger vehicle industry can broadly be classified into following categories: 1.
The brand reputation grew quickly until, barely a dozen years after its founding. According to Forbes list of world’s most valuable brands, Lexus is number 66 on the list. The global Lexus lineup features sedans of different size classes, including the compact IS and HS models, mid-size ES and GS models, and the full-size LS. Convertibles include the IS C models. Sport-utility vehicles range in size from the
It typically has the capacity to carry 4 passengers. In India the mid-size car price ranges between 3-8 lakh. Although the automobile market in India is growing at 7% per year, the mid-size car market in India is growing at the rate of around 20% per year. This shows how fast the growth is taking place in the market of mid-size car in India. It is no wonder therefore, that most of the latest car launches in India have been in the mid-size segment.
Pre War Era or The Classic Era, 1930 – 1946: Great Depression resulted in the sharp decline in the number of car manufacturers, also this era marked the consolidation of the industry as most of the mechanical technology were invented and design, architecture and controls were getting standardized. Saloon and sedan design dominated the market during this period. Cult models of Volkswagen Beetle and Rolls Royce – Phantom were designed in this era. 5. Post War Era, 1946 – 1990: The war had significant impact on the industry, automobile design and production started emerging from the military orientation.
Volkswagen has always had a close relationship with Porsche, the Zuffenhausen-based sports car manufacturer founded in 1931 by Ferdinand Porsche, the original Volkswagen designer and Volkswagen company co-founder, hired by Adolf Hitler for the project. The first Porsche car, the Porsche 64 of 1938, used many components from the Volkswagen Beetle. The 1948 Porsche 356 continued using many Volkswagen components, including a tuned engine, gearbox and suspension. The two companies continued their collaboration in 1969 to make the VW-Porsche 914 and Porsche 914-6. (The 914-6 had a 6-cylinder Porsche engine, and the standard 914 had a Volkswagen engine.)
In only four months, he revealed the Lamborghini 350 GTV at the Turin Motor Show in October of 1963. 13 cars were sold by the end of 1964 and the name was changed to 350 GT. Lamborghini wanted to become a very wealthy person before getting 50 years old after he brought competition with Ferrari. Lamborghini became as wealthy as Ferrari by the early 1960s. People believed that Lamborghini was crazy about making sports car and to give
As Indian economy has grew by 9% over the last five years, the number of car users has significantly increased over the years. The GDP growth has direct relation with growth of four wheeler market in India. The rise in disposable income of people raised the purchasing power of people and so the growth of industry. The above figure shows that due to increase in income, the number of cars has increased from 1.95 million in 2009 to 3.07 million in 2013 where as the GDP has grown by 39.51% from 2009 to 2013. The number of cars has increased by 57.43%.
The International Data Corporation (IDC) anticipate that India will overtake US as the 2nd largest smartphone market in the world by 2017 and to maintain high growth speed over the next few years as people shift to smartphones and moderately upgrade to 4G. In spite of only 5 % growth in mobile connections in 2015 overall expenditure on mobile services in India is believed to increase to US$ 21.41 billion in 2015 led by 15% growth in data services expenditure by research firm Gartner. The Indian telecom sector is expected to generate 4 million direct and indirect jobs over the next five years according to survey by Randstad India. The employment opportunities are expected to grow due to