Market Research Report Fuel Injection System Market,Automotive Fuel Injec | Page 9

July 2017
India Automotive Fuel Injection Systems Market Outlook to 2022
WHICH SEGMENTS ARE DOING WELL IN INDIA AUTOMOTIVE FUEL
INJECTION SYSTEMS MARKET IN INDIA?
Light and heavy duty commercial vehicles
accounted for the largest market share in
terms
of
revenue
in
FY’2017.
Comparatively higher cost and shorter
service life resulted in the high sales of fuel
injection systems in this segment. Large
number of commercial vehicles operating
in the country coupled with high
replacement demand resulted in high sales
of fuel injection systems for light and
heavy commercial vehicles in FY’2017.
Moreover, sales of commercial vehicles
also grew by 4.2% in FY’2017.
All four wheelers today are equipped with
port or direct fuel injection systems.
Owing to high sales of four wheeler
passenger cars in the country, fuel
injection systems meant for four wheelers
accounted for a considerable market share
in terms of revenue in FY’2017.
Table: India Automotive Fuel Injection
Systems Market Segmentation by
Automotive Segment and Rationale for
Revenues, FY’2017
Automotive Segment
Revenues in INR
Billion, FY’2017
Light and Heavy
Commercial Vehicle
Four Wheeler
Two Wheeler
Others
Total
Fuel injection systems for two wheelers
and other vehicles including three
wheelers and off-road vehicles comprised
for the rest of the market share as of
FY’2017.
The OEM (Original Equipment Manufacturer)
market is entirely organized with car
manufacturing companies procuring fuel
injection systems from their developers or
manufacturing it themselves. Therefore, OEMs
had a strong market share in both gasoline and
diesel based injection systems. Bosch was by far
the largest player operating in both OEM and
aftermarket segment.
OEM comprised for a market share of ~% as
compared to ~% by aftermarket sales as of
FY’2017. Profit margin for fuel injection systems
manufacturers is usually around ~% in the OEM
segment.
Table: India Automotive Fuel Injection
Systems Market Segmentation by OEM and
Aftermarket Sales and Rationale for Revenues,
FY’2017
Segment
Revenues in INR Billion,
FY’2017
OEM
Aftermarket
Total
Replacement demand for defective common rail
diesel injection systems, especially from light
and heavy commercial vehicles, coupled with
steady replacement of carburetors in two
wheelers has resulted in ~% market share of
aftermarket sales, as of FY’2017. Profit margin
for fuel injection systems manufacturers is
usually around ~% in the aftermarket segment.
It is estimated that auto & auto parts industry in
India will have to invest over USD 10 billion to
be able to manufacture BS-VI compliant cars.
Investments have to be made progressively over
the next three years in line with the market
demand.
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