2.2. Current Indian Automotive Industry A. Automotive Industry is growing at a rapid pace fairing among top ten in the world. Two wheeler in 2nd position; passenger cars in third position and commercial vehicles in 5th position. B. India has become a major hub for automobiles: i.
3 Automobile Growths and Changing Vehicular Composition in India Automobile sector in India is growing fast and the growth pattern seems to have a clear correlation with the reforms related policies those influenced both domestic demand pattern as well as trade. India is a global major in the two-wheeler industry producing motorcycles, scooters and mopeds principally of engine capacities below 200 cc. The two-wheeler industry in India has grown at a compounded annual growth rate of more than 10 per cent during the last five years and Indian two-wheelers comply with some of the most stringent emission and fuel efficiency standards maintained worldwide. In two-wheelers India is the second largest producer in the world and the world’s number one
Industry profile Automobile industry in India Indian automobile industry is one of the largest markets for automobiles in the World with the yearly production of 17.5 million vehicles. Out of which, 2.3 million vehicles are exported abroad. Automobile industry comprises of two-wheeler vehicles, three-wheeler vehicles, passenger cars and commercial vehicles. In the World, Indian automobile industry is largest three-wheeler market, second largest two wheeler market, fourth largest tractor market, fifth largest commercial vehicle market, fifth largest bus and truck market and tenth largest passenger car market. After the economic liberalization, the companies like Maruthi Suzuki, Tata Motors and Mahindra and Mahindra expanded the production and
The automobile industry is one of the fastest growing industries in India. It also one of the largest in the world. It is the sixth largest in the world in terms of passenger car and commercial vehicle manufacturing. This industry also helps to raise foreign currency by exports averagely 1.5 million vehicles every year. The increasing
INDUSTRY ANALYSIS The automotive industry in India is one of the largest automotive markets in the world. It was previously one of the fastest growing markets globally, but it is currently experiencing flat or negative growth rates. In 2009, India emerged as Asia's fourth largest exporter of passenger cars, behind Japan, South Korea, and Thailand, overtaking Thailand to become third in 2010. As of 2010, India was home to 40 million passenger vehicles. More than 3.7 million automotive vehicles were produced in India in 2010 (an increase of 33.9%), making India the second fastest growing automobile market in the world (after China).
INTRODUCTION This paper seeks to analyse the structure of the Indian aviation industry and seeks to question whether the airline industry fits into any particular market structure. The Indian transport sector was dominated by the Indian Railways for the longest time before the airline industry started to flourish. This new industry boasted of better quality of travel and reducing large distances to mere hours. However, the prices were much higher than the Indian society was used to. The peculiarity lay in the fact that an industry of this kind would not have been able to survive but it managed to, and even had a large market share in the transport industry.
INDIAN AUTOMOBILE INDUSTRY History of Indian automobile industry shows that it has grown with leaps and bounds since 1898, a time when a car had touched the Indian streets for the first time. But now India is in verge to rewrite history in different conditions as it is home to 40 million passenger vehicles and Indian manufactured cars and other automobile products are touching other nation roads. Presently Indian automobile industry is regarded as largest and second fastest growing industry after China in the world with annual production of over 3.9 million units. Its passenger cars and commercial vehicle manufacturing industry ranked sixth largest in the world. One of the best things happen for the Indian automobile market in the recent years was its improvement in the export sector.
Emergence of new Indian middle class, information technology boom, had created a demand for both business and leisure travel. In the year 2003, sensing huge pent up demand (air traveler and per capita use of airline in China being 8 times that of India), the Indian aviation industry kicked off a new phase of development. In spite of the fact the most of the operating cost in the industry is fixed irrespective of business model employed. Most of the new operators choose to use low cost airline as their business model. Hoping to create low cost operating model to make low fares viable.
Almost all global majors have set up their facilities in India. The automobile sector has been contributing its share to the shining economic performance of India in the recent years. With Indian middle class earning higher per capita income, more people are ready to own private vehicles including cars. To emerge as the world’s destination of choice for design and manufacture of automobiles and auto components, output is expected to reach a level of USD 145 Billion. It accounts for more than 10% of the GDP and it will provide an additional employment to 25 Million people by 2016.
Currently the Passenger market segment is captured by MSIL, but the competition is stern. The major competitors in the segment are Hyundai Motor India which has about 16.72% market share and Mahindra and Mahindra which has about 7.75% market share and Tata Motors with a Market Share of 5.66%. Also, as per the government ruling which allows 100% FDI in manufacturing vehicles and automotive parts in the country there are other international players Chrysler, Kia, Peugeot, Triumph and Scania about to enter the market. Thus, there are going to be new product offerings in the market which MSIL needs to counter to maintain its market share. 2.4.