(honda business plan).The efficient managers are one of the most important element that grow the opportunities in the business. Here is Honda CEO message to shareholder, for the first quarter of the year 2014 “In such an economic environment, Honda's consolidated net sales and operating revenue for the fiscal year ended March 31, 2014 amounted to ¥11,842.4 billion, an increase of 19.9% compared to the previous fiscal year, due mainly to increased revenue in both our automobile and motorcycle businesses and favorable currency effects”( (world.honda.com.). The enhance of the new technology and invention is an opportunity where company can build a new market such as the hyper car market. The customer serves for auto is an opportunity that is most important particularly in an extremely competitive market. For example, here in Saudi Arabia, the ministry of commerce and industry have launched a
• India became the fastest growing car market in the world in 2004, growth rate of 20%. AUTOMOTIVE INDUSTRY IN INDIA A good transport network indicates a developed economy. For rapid development a well-developed and well-knit transportation system is essential. As India 's transport network is developing at a fast pace, Indian Automobile Industry is growing too. Also, the Automobile industry has strong backward and forward linkages and hence provides employment to a large section of the population.
Q 1: What made you come to a decision to purchase a car? Table no. 1 Q.No. 1 Affordability Family Reasons Need of the hour Peer Influence Miscellaneous Total No of responders 20 30 25 10 15 100 Percentage 20% 30% 25% 10% 15% 100% Graph No. 1: Analysis: The table given above indicates that (20%) of respondents have made the purchase decision based on their affordability, (30%) owing to family reasons, (25%) due to need of hour, (10%) giving into peer influence, and the rest (15%) miscellaneous.
One of the first studies for the evaluation of the value of travel time for commercial vehicles was published by Haning and McFarland (1963). Their analysis showed that commercial vehicle value of time should be greater than passenger car value of time even if no cargo is being carried. Kawamura (1999) defined a commercial vehicle value of travel time with using two different methods; first switching point analysis and second a random coefficient logit model. In his study, he analyzed the stated preference by conducting a survey on 77 trucking companies. Switching point analysis is a straightforward method in which the estimation of value of time based on the level of trade-off where the user chooses to switch from the cost option to free option.
At the same time increasing consumption of consumer goods and the restrictions put by the Government of India on plying of heavy goods vehicles in the cities particularly in the day time increased the demand of light goods vehicles in the market. Mr. Takachi Kikuchi, MD, Isuzu Motors India says that, “The pickup trucks and utility vehicles are the fastest growing segments in the last 2 years”. The Indian automotive market is at a tipping point, and the real growth is only starting now. In particular, the pickup trucks and utility vehicles are the fastest growing segments in the last 2 years and we expect the growth to continue. The pickup trucks segment today accounts for the largest share of the overall commercial vehicle market at 35% and Utility vehicles now account for 20% of the passenger vehicle market.
Based on the review of 5 Financial Years information, international market condition, and growth of economies across the international financial market, below is the detail analysis of “Samsung Electronic So. LTD: • STRENGTH: Innovation is crucial to succeeding in the technology sector. Usually, the more a business invests in Research & Development expenditure (R&D), the more innovations it creates. Samsung has spent US$14.1 billion on R&D in 2015, which was the 2nd largest amount spent in the world. R&D spending strongly correlates with a company’s revenue growth and expansion into the new product markets.
With a rise in needs and expectations of the customers in India along with the rise in disposable incomes, it was imperative for MSIL to enter into the premium car segment to maintain its market position. NEXA (New Exclusive Automotive Experience) is a retail network under Maruti Suzuki which offers the customers a high-end experience of a premium car, thus focussing on capturing the premium car segment market in the country. 2. Situation Analysis Maruti Suzuki India Limited(MSIL) is a major player in the Indian Automobile Industry and currently holds 47.4% market share in Passenger Vehicles. The Passenger Vehicle segment in India is growing at a CAGR of 10.09%.
With India emerging as a global automotive hub, domestic tyre companies are expanding their operations and global tyre majors are increasing their presence in the Indian tyre market. The new technological frontiers of the tyre industry in India are radialisation in the truck and bus segments and a shift to high-performance tubeless passenger car radials. Market Segmentation Replacement is the biggest market segment and accounts for about 54% of the overall revenues. The OEM and export segments account for 32% and 14% respectively. Some of the major players in the market are Apollo, JK Tyre, MRF, CEAT, Goodyear among others.
• Growing Global Automotive Manufacturing Industry: The automotive industry which had gone into a slowdown is on the up again. JSW’s production facilities cater to a wide range of products for these industries in both quality and quantity. This will help to drive the company’s revenue in the coming years. • Strategic Acquisitions: JSW Steel’s growth story has been based on their eye for crucial acquisitions which have complimented their existing operations very well. For example- JSW’s acquisition of Ispat and Welspun.
India is becoming an increasingly important player in the global automotive industry, both in terms of vehicle production and vehicle sales. India’s has a total population of 1.27 billion out of which 31% live in urban areas. The projections are that by 2026, the total population will be 1.4 billion, and urbanization level will rise to 38%. India has more than 50% of its population below the age of 25 and more than 65% below the age of 35. It is expected that, in 2020, the average age of an Indian will be 29 years.