The Passenger Vehicle (PV) Industry is a key sector of the Indian economy. India is the 3rd largest passenger car market in Asia. Current concerns over slowdown in economy is suppressing jobs creation in the country and thereby straining purchasing power. Moreover, factors like high inflation, increasing fuel prices coupled with firm interest rates have considerably raised ownership cost of the vehicles in past couple of years. However, one of the lowest penetration levels among the key developed and developing countries still presents healthy growth opportunity for the industry in India in medium to long term.
The report gives valuable insights of the PV industry and outlook for the next 5 years. It also includes estimation of investments coming up in next couple of years. The report also focuses on key segments in the PV industry and the launches in the respective segments over the years. Regulatory issues and trend in various duties imposed by the Government and detailed cost analysis and credit profile of the key players in the industry also form part of this report.
The report presents CARE Research's forecasts of domestic market as well as exports for next five years till FY17. CARE Research has developed a robust model for forecasting domestic sales. It takes into account the cost of owning a passenger car, age demographics and income distribution of the populace. The report also gives insights on the outlook on profitability for next 2 years period after considering expected movement in important cost components like raw materials and selling and distribution expenses.
The company section in the report provides detailed profiles of top 4 players in the industry which constitute more than 70 per cent of the market including their financial and operational data.
The report is indispensable for any company in automobile industry, banks/ FIs, policy makers, research & academic organizations, other international
Maruti Suzuki India Limited
Hyundai Motor India Limited
Tata Motors Limited
Mahindra and Mahindra Limited