TechNavio's analysts forecast the Low-cost Car market in India to grow at a CAGR of 24.7 percent over the period 2011-2015. One of the key factors contributing to this market growth is the increasing demand from rural areas and tier-2 cities. The Low-cost Car market in India has also been witnessing the trend of increasing safety and environment norms. However, the increase in fuel prices could pose a challenge to the growth of this market.
TechNavio's report, the Low-cost Car Market in India 2011-2015, has been prepared based on an in-depth analysis of the market with inputs from industry experts. The report is focused on India. It also covers the market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors dominating this market space include Maruti Suzuki India Ltd., Tata Motors Ltd., Hyundai Motors India Ltd., and General Motors Co.