Presentation : |
The Two Wheelers segment with 81 per |
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The automobile industry in India is expected to be the world ' s third largest by 2016 , with the country currently being the world ' s second largest twointerest wheeler manufacturer . Two-wheeler production is projected to rise from 18.5 million in FY15 to 34 million by FY20 .
Furthermore , passenger vehicle production is expected to increase to 10 million in FY20 from 3.2 million in FY15 .
Automobile exports grew at a CAGR of
14.65 per cent during 2010-15 .
Passenger Vehicles , Commercial
Vehicles , Three Wheelers and Two
Wheelers grew by 6.89 per cent , 13.77 per cent , 18.69 per cent and 16.60 per cent CAGR during 2010-15 . Two wheelers accounted for the largest share of exports at 69.4 per cent in
FY15 . Passenger vehicles comprised a sizeable 16.7 per cent of overall exports . Exports of three wheeler vehicles registered around 11.1 per cent
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of the companies in exploring cent market share is the leader of the
Indian Automobile market owing to a growing middle class and a young population . Moreover , the growing the rural markets further aided the growth of the sector . The overall
Passenger Vehicle ( PV ) segment has 13 per cent market share .
India is also a prominent auto exporter and has strong export growth expectations for the near future . In
April-January 2016 , exports of
Commercial Vehicles registered a growth of 18.36 per cent over April-
January 2015 . In addition , several initiatives by the Government of India and the major automobile players in the
Indian market are expected to make
India a leader in the Two Wheeler ( 2W ) and Four Wheeler ( 4W ) market in the world by 2020 .
Market Size
|
share in exports in FY15 . |
The auto industry produced a total |
The government aims to develop India |
19.84 million vehicles in April-January |
as a global manufacturing as well as a |
2016 , including passenger vehicles , |
research and development ( R & D ) hub . It |
commercial vehicles , three wheelers |
has set up National Automotive Testing |
and two wheelers , as against 19.64 |
and R & D Infrastructure Project ( NATRiP ) |
million in April-January 2015 . |
centres as well as a National |
Domestic sales of Passenger Vehicles |
Automotive Board to act as facilitator |
grew by 8.13 per cent in April-January |
between the government and the |
2016 over the same period last year . |
industry . |
Within the Passenger Vehicles , |
Alternative fuel has the potential to |
Passenger Cars rose by 10.18 per cent , |
provide for the country ' s energy |
during April-January 2016 over Aprildemand |
in the auto sector as the CNG |
January 2015 . |
distribution network in India is expected |
The domestic sales of Commercial |
to rise to 250 cities in 2018 from 125 |
Vehicles increased by 9.43 per cent in |
cities in 2014 . Also , the luxury car |
April-January 2016 over the same |
market could register high growth and |
period last year . Sales of Medium and |
is expected to reach 150,000 units by |
Heavy Commercial Vehicles ( M & HCVs ) |
2020 . |
increased at 30.19 per cent . |
Introduction |
Investments |
The Indian auto industry is one of the |
In order to keep up with the growing |
largest in the world . The industry |
demand , several auto makers have |
accounts for 7.1 per cent of the |
started investing heavily in various |
country ' s Gross Domestic Product |
segments of the industry during the last |
( GDP ). As of FY 2014-15 , around 31 per |
few months . The industry has attracted |
cent of small cars sold globally are |
Foreign Direct Investment ( FDI ) worth |
manufactured in India . |
US $ 14.32 billion during the period |