Documents

AJK

Description
A
Categories
Published
of 3
All materials on our website are shared by users. If you have any questions about copyright issues, please report us to resolve them. We are always happy to assist you.
Related Documents
Share
Transcript
  BRAND INDIAABOUTARCHIVESBLOGCONTACTPOLLS INDIAN ECONOMYINDUSTRYEXPORTSSTATESRESEARCHMEDIA & EVENTS SEARCH MEDIAREPORTSPRESENTATIONOPINIO BROWSE  AUTOMOBILE EXPLORE OTHER INDUSTRIES India is one of the keymarkets for hybrid andelectric medium-heavy-duty trucks and buses.  Automobile Industry in India Industry BROWSE: AGRICULTUREAUTOMOBILESAUTO COMPONENTSAVIATIONBANKINGBIOTECHNOLOGYCEMENTCONSUMER MARKETSEDUCATION AND TRAININGENGINEERINGFINANCIAL SERVICESFOOD INDUSTRYGEMS AND JEWELLERYHEALTHCAREINFRASTRUCTUREINSURANCEIT & ITESLEATHERMANUFACTURINGMEDIA AND ENTERTAINMENTOIL AND GASPHARMACEUTICALSREAL ESTATERESEARCH AND DEVELOPMENTRETAILSCIENCE AND TECHNOLOGYSEMICONDUCTOR Last Updated: July 01, 2014Rolls-Royce to power up R&D in IndiaBMW rolls out new sports activity vehicle fromChennai plant Apollo Tyres to invest Rs 400 cr in KeralaIndia to be Ford’s centre piece for small carsPassenger car sales up 3.1%; bikes jump11.7% in May SN APSHOTSHOWCASEPRESENTATION Updated: May, 2014 SECTORAL REPORT |  APRIL, 2014 Introduction India represents one of the world’s largest car markets. Easy availability of finance and rising income levels areencouraging the middle class population to choose from the vast range of passenger vehicles.The Indian auto industry has been recording tremendous growth over the years and has emerged as a major contributor to India’s gross domestic product (GDP). The industry currently accounts for almost 7 per cent of thecountry’s GDP and employs about 19 million people both directly and indirectly.In addition, with Government’s backing and a special focus on exports of small cars, multi-utility vehicles (MUVs), twoand three wheelers and auto components, the automotive sector’s contribution to the GDP is expected to doublereaching a turnover worth US$ 145 billion in 2016, according to the Automotive Mission Plan (AMP) 2006–2016. Key Statistics The auto industry produced a total 1.81 million vehicles, including passenger vehicles, commercial vehicles, threewheelers and two wheelers in February 2014 as against 1.73 million in February 2013, registering a growth of 4.41 per cent over the same month last year. The increase continues to be on account of growth in two wheelers production.Moreover, the overall domestic sales during April–February 2014 grew marginally by 2.68 per cent over the sameperiod last year.The passenger vehicles production in India is expected to reach 10 million units by 2020–21. The industry isestimated to grow at a compound annual growth rate (CAGR) of 13 per cent during 2012–2021. In addition, theindustry is projected to touch US$ 30 billion by 2020–21, according to data from Automotive ComponentManufacturers’ Association (ACMA).The cumulative foreign direct investment (FDI) inflows into the Indian automobile industry during the period April 2000to January 2014 was recorded at US$ 9,344 million, an increase of 4 per cent to the total FDI inflows in terms of US$,according to data published by Department of Industrial Policy and Promotion (DIPP), Government of India.The overall automobile exports grew by 6.39 per cent during April–February 2014. Passenger vehicles, three wheelersand two wheelers registered growth at 6.44 per cent, 16.40 per cent and 5.41 per cent respectively, compared to thesame period last year. Major Developments & Investments German auto maker Volkswagen is planning to expand production capacity and introduce a slew of new models.The group is looking at investing Rs 1,500 crore (US$ 248.55 million) over the next five years to set up a dieselengine manufacturing facility. Amtek Auto signed an agreement to buy Germany's Kuepper Group of companies for about Rs 16.78 billion (US$277.97 million) in December 2013, which was its second big European acquisition in 2013.Jaguar Land Rover (JLR) will scale up its production capacity to hit 700,000 units by FY 2017 riding on its joint earch type here AUTOMOBILES Latest update: May, 2014 Two-wheeler production in India During FY13, two wheeler production in India stood at 15.9million units. Automobile exports shares by volume Two wheelers accounted for the largest share in exports (byvolume) at 67 per cent in FY13. RELATED NEWS MORE  ALL SEARCH LOGI   Related SearchesHybrid Electric Car Electric Hybrid CarsHybrid VehiclesSport Utility VehicleHybrid CarsHybrid Electric VehicleFrankfurt Auto Show Automotive IndustryNano Car  ? NetCrawl   w   l   A   d  s Trust Rating   w   l   A   d  s     w   l   A   d  s  RSSGET NEWS ALERTS The Indian luxury car market isgrowing at a stellar pace… Peter Honegg MD and CEO, Mercedes-Benz India Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same. ventures (JV) in China and Brazil, as per analysts. JLR's capacity for 2014 is pegged at 450,000 units.Infosys has signed a multi-year contract with Volvo Cars to provide application development services to the latter'sglobal operations.JCB announced plans to relocate production of compaction equipment to factories in the UK and to Pune, India,and close the Gatersleben site in Germany. “The demand for larger compaction equipment is growing at a steadyrate in India and we will now have flexibility to produce global quality machines in India for our customers in theregion as well as for exports,” highlighted Mr Vipin Sondhi, MD and CEO, JCB India.Piaggio Vehicles Pvt Ltd, scooter and light commercial vehicle manufacturer, is planning to assemble its super bikes locally, which it sells under the brand Aprilia.The used cars market in India is anticipated to grow at a CAGR of 16 per cent during 2013–17, highlighted theRNCOS report titled, ‘Booming Used Car Market in India Outlook 2017’.Furthermore, India is expected to emerge as a centre for producing compact superbikes. Several global and Indianbike makers plan to utilise India's mass production base of 16 million two wheelers to roll out sports bikes in the250cc capacity. Government Initiatives The Interim Budget 2014-15 added some incentives to the auto industry. To give relief to the automobile industry, theexcise duty has been reduced till June 30, 2014 as follows:For small cars, motorcycle, scooters – the duty has been reduced from 12 per cent to 8 per cent.For commercial vehicles and SUVs – the duty has been reduced from 30 per cent to 24 per cent.For large and mid-segment cars – the duty has been reduced from 27/24 per cent to 24/20 per cent.The other incentives from Union Budget 2013–14 are as follows:The period of concession available for specified part of electric and hybrid vehicles till April 2013 has beenextended up to March 31, 2015. An exemption from BCD will be provided to lithium ion automotive battery for manufacture of lithium ion batterypacks for supply to manufacturers of hybrid and electric vehicles.The Government of India allows 100 per cent FDI in the automotive industry through automatic route. Road Ahead The vision of AMP 2006–2016 expects India, “to emerge as the destination of choice in the world for design andmanufacture of automobiles and auto components with output reaching a level of US$ 145 billion; accounting for morethan 10 per cent of the GDP and providing additional employment to 25 million people by 2016.”Exchange Rate Used: INR 1 = US$ 0.01657 as on April 11, 2014 References:  Media Reports, Press Releases, Department of Industrial Policy and Promotion (DIPP), AutomotiveComponent Manufacturers Association of India (ACMA), Society of Indian Automobile Manufacturers (SIAM), UnionBudget 2014-15   AUTOMOBILE CLUSTERS  Automotive ComponentManufacturers of India (ACMA)Society of Indian AutomobileManufacturers (SIAM) Automotive Research Association of India (ARAI) Automobile Association of SouthernIndia (AASI) INDUSTRY CONTACTS Insights: Indian Digital Industry 2014 India has witnessed tremendous digital expansion in the past decade,experiencing an exponential growth of 100 per cent within a span of threeyears. Multiple platforms and tools have emerged givin... E-commerce set for escape velocity Market developments and expert analysis indicate that the Indian e-commercesector is poised for a phase of rapid growth in the coming years. The industry isprojected to reach a turnover of US$ ... Building Robots with Human Intelligence Innovator-entrepreneur Aakash Sinha foresees adisruptive future for intelligent robotics in India.His company Omnipresent Robot Tech is set to beamong the first movers. JOIN IBEF.org Join IBEF.org now. Enjoy FREE subdownloads, updates and more. YOUR EMAILããããããããããããããããã JOIN  Already a member? LOGIN / RETRIEVE PASSWORD  AUTOMOBILE INDIA  POSTERSIBEF PUBLICATIONS PERSPECTIVES MORE IDEAS MORE      N  e   t   C  r  a  74 %    N  e   t   C  r  a       N  e   t   C  r  a   Brand India | Indian Economy | Industry | Exports | States | Research | Media & Events | About IBEF | Contact usSitemap | Privacy Policy | Disclaimer | Terms of Use | Brand India Pharma Copyright © 2010-2015 India Brand Equity Foundation  All material, information, data, images or content on this website is subject to copyright or other applicable intellectual property laws and no part of it can be reproduced in any form (including paper electronic form) without prior written consent and approval from IBEF. Infringements are subject to prosecution under the applicable laws. For consent related queries and conditions, please write to info.brandindia@ibef.org    An initiative of the Ministry of Commerce & Industry, Government of India
We Need Your Support
Thank you for visiting our website and your interest in our free products and services. We are nonprofit website to share and download documents. To the running of this website, we need your help to support us.

Thanks to everyone for your continued support.

No, Thanks