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Indian Passenger Vehicle Industry to grow due to its Rising demand by Bharat Book Bureau
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Indian Passenger Vehicle Industry to grow due to its Rising demand |
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Business
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Report on Indian Passenger Vehicle Industry The Passenger Vehicle (PV) industry has always been a barometer for the economic strength of a nation. The Indian PV market sentiments have been significantly positive post the economic downturn. The economic recovery coupled with the introduction of new models, easy availability of finance and aggressive pricing by almost all the players helped the industry to post such a strong growth. http://www.bharatbook.com/detail.asp?id=129357&rt=Report-on-Indian-Passenger-Vehicle-Industry.html Sighting huge demand potential, almost all key manufacturers are forming different strategies to like new model launches, promotional offers, etc in order to enhance their market presence. It is expected that the Indian PV market is likely to witness 50 launches including variants and new models by FY12. Global majors like Honda, Hyundai, Volkswagen, Renault and Toyota are likely to come up with new launches in the compact car segment thereby intensify the competition level. Furthermore, the industry is also witnessing a structural shift, as diesel cars are increasingly gaining ground on the back of improvement in engine technology, which enhances fuel efficiency and lowers emission levels. The rising gap between retail prices of diesel and petrol is also influencing buyers to opt for diesel cars. It believes long-term macro factors like low penetration, rising disposable income and favourable demographics remains intact. At present, the penetration levels for passenger cars in India is significantly lower as compared to the emerging markets. The small car segment is likely to remain the main stay of the industry. The competitive advantage arising out low-cost destination, proximity to Asian markets and lower shipment costs makes India a sourcing hub and a manufacturing base for the major Original Equipment Manufacturers (OEM’s). For more information kindly visit : http://www.bharatbook.com/detail.asp?id=129357&rt=Report-on-Indian-Passenger-Vehicle-Industry.html Or Contact us at : Bharat Book Bureau Tel: +91 22 27578668 Fax: +91 22 27579131 Email: info@bharatbook.com Website: www.bharatbook.com Follow us on twitter: http://twitter.com/#!/BharatBook
Related Articles -
India, Passenger Vehicle, OEMs, Automotive,
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