HIGH PRIORITY MARKET- AUTOMOBILE
ROBUST GROWTH IN REVENUES
• The gross turnover of automobile manufacturers in India expanded at a CAGR of 11.72 per cent over FY07-15
• The domestic Two Wheelers segment accounted for 81 % of the total domestic market share * for the year 2014-15
Gross Turnover over the past few years( USD billion)
CAGR: 11.72 %
58.6
66.3 67.6
74
2007 2008 2009 2010 2011 2012 2013 2014 2015 MARKET BREAK-UP BY PRODUCTION VOLUME
• Two wheelers dominate production volumes; in FY15, the segment accounted for about 79.17 per cent of the total automotive production in the country
• India is world’ s sixth largest vehicles manufacturer globally. Further, India is the Asia’ s second largest two wheeler manufacturer and fifth largest producer of commercial vehicles, fourth largest manufacturer of passenger car and the largest manufacturer of tractors.
Market share by volume( FY15)
MARKET BREAK-UP OF INDIVIDUAL SEGMENTS BY PRODUCTION VOLUME
Share in production of passenger vehicles( FY15) Share in production of commercial vehicles( FY15)
Source: SIAM, TechSci Research, Notes: LCV – Light Commercial Vehicle; MCV – Medium Commercial Vehicle; HCV – Heavy Commercial Vehicle M & HCVs – Medium and Heavy Commercial Vehicles
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